Vistra Energy Corp. (VST) Rating Lowered to Hold at Zacks Investment Research
Vistra Energy Corp. (NYSE:VST) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Friday.
According to Zacks, “Vistra Energy Corp. is an energy company. It offers electricity and power generation, distribution and transmission solutions. Vistra Energy Corp. is based in Dallas, United States. “
Other equities analysts have also recently issued reports about the company. Deutsche Bank AG reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Vistra Energy Corp. in a research report on Saturday, July 22nd. Tudor Pickering started coverage on Vistra Energy Corp. in a research report on Monday, June 26th. They issued a “buy” rating and a $21.00 price objective on the stock. Barclays PLC started coverage on Vistra Energy Corp. in a research report on Thursday, June 8th. They issued an “equal weight” rating and a $16.00 price objective on the stock. Finally, UBS AG reaffirmed a “sell” rating and issued a $14.00 price objective on shares of Vistra Energy Corp. in a research report on Wednesday, May 24th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $18.40.
Shares of Vistra Energy Corp. (NYSE:VST) opened at 17.75 on Friday. The company has a market cap of $7.59 billion and a PE ratio of 10.39. The firm has a 50-day moving average price of $16.78 and a 200 day moving average price of $16.21. Vistra Energy Corp. has a 1-year low of $13.50 and a 1-year high of $25.24.
Vistra Energy Corp. (NYSE:VST) last posted its quarterly earnings results on Friday, August 4th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by $0.03. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.30 billion. On average, equities analysts anticipate that Vistra Energy Corp. will post $0.59 earnings per share for the current year.
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Institutional investors have recently added to or reduced their stakes in the stock. Matlinpatterson Global Advisers LLC purchased a new position in Vistra Energy Corp. during the second quarter valued at $8,352,000. Wedbush Securities Inc. purchased a new position in Vistra Energy Corp. during the second quarter valued at $1,144,000. IMS Capital Management purchased a new position in Vistra Energy Corp. during the second quarter valued at $848,000. Hodges Capital Management Inc. purchased a new position in Vistra Energy Corp. during the second quarter valued at $2,560,000. Finally, World Asset Management Inc purchased a new position in Vistra Energy Corp. during the second quarter valued at $168,000. 4.14% of the stock is currently owned by hedge funds and other institutional investors.
About Vistra Energy Corp.
Vistra Energy Corp, formerly TCEH Corp. is a holding company. The Company is an energy company, which is focused on energy and power generation markets through operation as a generator and retailer of electricity in Texas market. Its portfolio of businesses consists primarily of Luminant and TXU Energy.
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