CIBC Asset Management Inc Sells 701 Shares of Vistra Energy Corp (NYSE:VST)

CIBC Asset Management Inc decreased its holdings in Vistra Energy Corp (NYSE:VST) by 3.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,344 shares of the company’s stock after selling 701 shares during the quarter. CIBC Asset Management Inc’s holdings in Vistra Energy were worth $597,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Great West Life Assurance Co. Can raised its stake in shares of Vistra Energy by 0.3% in the 3rd quarter. Great West Life Assurance Co. Can now owns 168,547 shares of the company’s stock valued at $4,506,000 after buying an additional 560 shares in the last quarter. First Allied Advisory Services Inc. raised its stake in shares of Vistra Energy by 5.8% in the 2nd quarter. First Allied Advisory Services Inc. now owns 10,440 shares of the company’s stock valued at $236,000 after buying an additional 576 shares in the last quarter. Aviva PLC raised its stake in shares of Vistra Energy by 0.5% in the 2nd quarter. Aviva PLC now owns 150,325 shares of the company’s stock valued at $3,403,000 after buying an additional 689 shares in the last quarter. Profund Advisors LLC raised its stake in shares of Vistra Energy by 3.1% in the 2nd quarter. Profund Advisors LLC now owns 27,624 shares of the company’s stock valued at $625,000 after buying an additional 825 shares in the last quarter. Finally, World Asset Management Inc raised its stake in shares of Vistra Energy by 5.4% in the 3rd quarter. World Asset Management Inc now owns 16,602 shares of the company’s stock valued at $444,000 after buying an additional 850 shares in the last quarter.

VST has been the subject of a number of recent research reports. Zacks Investment Research cut shares of Vistra Energy from a “buy” rating to a “hold” rating in a research note on Friday. Morgan Stanley set a $34.00 price objective on shares of Vistra Energy and gave the company a “buy” rating in a research note on Friday, August 16th. Bank of America upgraded shares of Vistra Energy from a “neutral” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Thursday. Credit Suisse Group increased their price objective on shares of Vistra Energy from $30.00 to $31.00 and gave the company an “outperform” rating in a research note on Wednesday, August 14th. Finally, SunTrust Banks increased their price objective on shares of Vistra Energy from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Tuesday, September 17th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $32.44.

Shares of Vistra Energy stock opened at $26.00 on Friday. The stock has a market capitalization of $12.96 billion, a P/E ratio of -1,300.00, a price-to-earnings-growth ratio of 0.90 and a beta of 0.57. The company has a quick ratio of 1.11, a current ratio of 1.24 and a debt-to-equity ratio of 1.42. The company has a 50-day simple moving average of $26.90 and a 200 day simple moving average of $24.73. Vistra Energy Corp has a 12-month low of $20.83 and a 12-month high of $27.96.

Vistra Energy (NYSE:VST) last announced its earnings results on Tuesday, November 5th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.64). The firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.21 billion. Vistra Energy had a return on equity of 5.00% and a net margin of 4.40%. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.61 EPS. On average, equities analysts anticipate that Vistra Energy Corp will post 2.04 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date is Friday, December 13th. Vistra Energy’s dividend payout ratio (DPR) is currently -2,500.00%.

Vistra Energy Profile

Vistra Energy Corp., through its subsidiaries, engages in the integrated power business in Texas. The company operates through Wholesale Generation and Retail Electricity segments. The Wholesale Generation segment engages in the electricity generation, wholesale energy sales and purchases, commodity risk management, fuel production, and fuel logistics management activities.

Further Reading: Portfolio Manager

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Institutional Ownership by Quarter for Vistra Energy (NYSE:VST)

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