Shelter Harbor Advisors LP acquired a new stake in Vistra Energy Corp (NYSE:VST) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 350,000 shares of the company’s stock, valued at approximately $8,012,000. Vistra Energy makes up approximately 4.0% of Shelter Harbor Advisors LP’s holdings, making the stock its 10th largest position. Shelter Harbor Advisors LP owned about 0.07% of Vistra Energy as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Franklin Resources Inc. boosted its position in Vistra Energy by 49.9% in the third quarter. Franklin Resources Inc. now owns 21,123,295 shares of the company’s stock valued at $525,544,000 after buying an additional 7,029,776 shares in the last quarter. Boston Partners increased its stake in Vistra Energy by 180.9% in the fourth quarter. Boston Partners now owns 9,427,821 shares of the company’s stock valued at $215,803,000 after purchasing an additional 6,071,619 shares in the last quarter. Scopia Capital Management LP increased its stake in Vistra Energy by 43.7% in the third quarter. Scopia Capital Management LP now owns 12,071,361 shares of the company’s stock valued at $300,335,000 after purchasing an additional 3,672,849 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in Vistra Energy by 2,362.1% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,728,946 shares of the company’s stock valued at $119,000 after purchasing an additional 2,618,107 shares in the last quarter. Finally, Prudential PLC bought a new stake in shares of Vistra Energy during the fourth quarter worth about $29,613,000.
Shares of VST stock traded down $0.21 during trading on Friday, reaching $25.34. 15,700 shares of the company’s stock traded hands, compared to its average volume of 3,564,252. The stock has a market capitalization of $12.64 billion, a P/E ratio of -1,270.50 and a beta of 0.60. The company has a current ratio of 0.95, a quick ratio of 0.83 and a debt-to-equity ratio of 1.38. Vistra Energy Corp has a 1 year low of $19.77 and a 1 year high of $27.01.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date is Thursday, March 14th.
VST has been the topic of several analyst reports. Deutsche Bank set a $32.00 price target on shares of Vistra Energy and gave the stock a “buy” rating in a report on Friday, February 8th. Macquarie set a $33.00 price target on shares of Vistra Energy and gave the company a “buy” rating in a research note on Saturday, February 9th. Guggenheim restated a “buy” rating and set a $39.00 price target on shares of Vistra Energy in a research note on Tuesday, February 12th. TheStreet upgraded shares of Vistra Energy from a “c” rating to a “b-” rating in a research note on Monday, December 3rd. Finally, Zacks Investment Research cut shares of Vistra Energy from a “hold” rating to a “strong sell” rating in a research note on Saturday, January 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $29.22.
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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.
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