Pennant Investors LP Decreases Stake in Vistra Energy Corp (NYSE:VST)

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Pennant Investors LP lowered its position in Vistra Energy Corp (NYSE:VST) by 27.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 328,000 shares of the company’s stock after selling 122,000 shares during the period. Vistra Energy accounts for about 3.5% of Pennant Investors LP’s investment portfolio, making the stock its 13th largest holding. Pennant Investors LP’s holdings in Vistra Energy were worth $8,538,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc increased its position in Vistra Energy by 0.6% during the 3rd quarter. Vanguard Group Inc now owns 37,935,659 shares of the company’s stock valued at $943,839,000 after buying an additional 216,356 shares in the last quarter. FMR LLC boosted its stake in Vistra Energy by 57.6% during the 4th quarter. FMR LLC now owns 32,347,838 shares of the company’s stock valued at $740,442,000 after purchasing an additional 11,818,885 shares during the last quarter. Boston Partners boosted its stake in Vistra Energy by 180.9% during the 4th 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 during the last quarter. Neuberger Berman Group LLC boosted its stake in Vistra Energy by 24.4% during the 1st quarter. Neuberger Berman Group LLC now owns 8,095,332 shares of the company’s stock valued at $210,718,000 after purchasing an additional 1,586,833 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in Vistra Energy by 91.0% during the 1st quarter. Janus Henderson Group PLC now owns 4,801,017 shares of the company’s stock valued at $124,971,000 after purchasing an additional 2,287,198 shares during the last quarter.

NYSE VST traded down $0.47 on Wednesday, hitting $24.10. 105,010 shares of the company traded hands, compared to its average volume of 3,960,662. The company has a market capitalization of $11.73 billion, a PE ratio of -1,206.75, a price-to-earnings-growth ratio of 0.87 and a beta of 0.83. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.03. Vistra Energy Corp has a 52-week low of $20.83 and a 52-week high of $27.86.

Vistra Energy (NYSE:VST) last released its earnings results on Friday, May 3rd. The company reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.05). The company had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.79 billion. Vistra Energy had a net margin of 4.22% and a return on equity of 4.37%. Vistra Energy’s revenue for the quarter was up 282.1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.71) earnings per share. On average, sell-side analysts forecast that Vistra Energy Corp will post 1.96 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.125 per share. The ex-dividend date is Thursday, June 13th. This represents a $0.50 dividend on an annualized basis and a yield of 2.07%. Vistra Energy’s dividend payout ratio is presently -2,500.00%.

VST has been the topic of several recent analyst reports. Guggenheim reiterated a “buy” rating and set a $39.00 target price on shares of Vistra Energy in a research note on Tuesday, February 12th. Macquarie set a $35.00 target price on Vistra Energy and gave the company a “buy” rating in a research note on Friday, March 1st. Morgan Stanley initiated coverage on Vistra Energy in a research note on Monday, March 25th. They set an “overweight” rating and a $35.00 target price on the stock. Citigroup increased their target price on Vistra Energy from $32.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Finally, Zacks Investment Research downgraded Vistra Energy from a “hold” rating to a “sell” rating in a research note on Friday, April 12th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $32.63.

In other Vistra Energy news, SVP Stephen J. Muscato sold 1,775 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $25.31, for a total transaction of $44,925.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Stephanie Zapata Moore sold 1,198 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $25.31, for a total value of $30,321.38. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,038 shares of company stock worth $507,162. Insiders own 14.05% of the company’s stock.

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

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