Bank of Nova Scotia trimmed its stake in Vistra Energy Corp (NYSE:VST) by 53.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 462,084 shares of the company’s stock after selling 520,122 shares during the quarter. Bank of Nova Scotia’s holdings in Vistra Energy were worth $8,604,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. lifted its holdings in shares of Vistra Energy by 57.1% during the second quarter. PNC Financial Services Group Inc. now owns 1,547 shares of the company’s stock valued at $29,000 after purchasing an additional 562 shares in the last quarter. Signaturefd LLC increased its position in Vistra Energy by 51.6% during the second quarter. Signaturefd LLC now owns 1,775 shares of the company’s stock valued at $33,000 after acquiring an additional 604 shares during the last quarter. First Mercantile Trust Co. purchased a new stake in Vistra Energy during the first quarter valued at $34,000. Harbor Investment Advisory LLC increased its position in Vistra Energy by 48.2% during the first quarter. Harbor Investment Advisory LLC now owns 3,243 shares of the company’s stock valued at $52,000 after acquiring an additional 1,055 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its position in Vistra Energy by 288.8% during the first quarter. First Horizon Advisors Inc. now owns 4,778 shares of the company’s stock valued at $76,000 after acquiring an additional 3,549 shares during the last quarter. 93.32% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms recently commented on VST. Zacks Investment Research cut Vistra Energy from a “strong-buy” rating to a “hold” rating in a research report on Saturday, July 4th. ValuEngine lowered Vistra Energy from a “hold” rating to a “sell” rating in a research note on Friday, August 7th. UBS Group dropped their price objective on Vistra Energy from $34.00 to $31.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Morgan Stanley dropped their price target on Vistra Energy from $35.00 to $34.00 and set an “overweight” rating for the company in a research note on Friday, July 17th. Finally, Seaport Global Securities raised Vistra Energy from a “neutral” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Tuesday, June 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $30.27.
In related news, Director Arcilia Acosta acquired 10,000 shares of the stock in a transaction dated Monday, June 22nd. The stock was acquired at an average cost of $19.58 per share, with a total value of $195,800.00. Following the purchase, the director now directly owns 21,001 shares of the company’s stock, valued at $411,199.58. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.49% of the stock is owned by company insiders.
NYSE:VST opened at $18.76 on Thursday. The firm has a market capitalization of $9.36 billion, a price-to-earnings ratio of 13.77, a PEG ratio of 0.47 and a beta of 0.97. Vistra Energy Corp has a 1 year low of $11.30 and a 1 year high of $27.96. The business has a 50 day simple moving average of $19.06 and a 200-day simple moving average of $19.01. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.87 and a quick ratio of 0.75.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be paid a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend is Tuesday, September 15th. Vistra Energy’s payout ratio is 26.09%.
About Vistra Energy
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: Market Timing
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