Vistra Energy (VST) Upgraded by Zacks Investment Research to “Hold”
Zacks Investment Research upgraded shares of Vistra Energy (NYSE:VST) from a sell rating to a hold rating in a report released on Wednesday morning.
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 stock. SunTrust Banks assumed coverage on shares of Vistra Energy in a research note on Tuesday, October 10th. They issued a hold rating and a $18.00 price objective on the stock. Citigroup assumed coverage on shares of Vistra Energy in a research note on Thursday, September 28th. They issued a buy rating and a $22.00 price objective on the stock. Bank of America started coverage on shares of Vistra Energy in a research note on Tuesday, October 24th. They issued a buy rating and a $22.00 price objective on the stock. Evercore ISI started coverage on shares of Vistra Energy in a research report on Friday, October 20th. They set an outperform rating and a $21.50 price target on the stock. Finally, Deutsche Bank raised shares of Vistra Energy to a buy rating and set a $21.00 price target on the stock in a research report on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $19.68.
Vistra Energy (NYSE:VST) last announced its quarterly earnings data on Friday, November 3rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.32. Vistra Energy had a net margin of 416.84% and a return on equity of 352.77%. The firm had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.93 billion. The firm’s revenue was up 8.5% on a year-over-year basis. equities analysts forecast that Vistra Energy will post 0.41 EPS for the current year.
In other news, insider James A. Burke sold 12,621 shares of Vistra Energy stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $19.27, for a total transaction of $243,206.67. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO James A. Burke purchased 13,500 shares of Vistra Energy stock in a transaction dated Tuesday, December 12th. The shares were purchased at an average cost of $18.24 per share, for a total transaction of $246,240.00. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 21,300 shares of company stock worth $392,568.
Several hedge funds and other institutional investors have recently made changes to their positions in VST. Koch Industries Inc. acquired a new stake in shares of Vistra Energy during the second quarter worth $82,584,000. Brookfield Asset Management Inc. acquired a new stake in shares of Vistra Energy during the second quarter worth $1,226,917,000. Apollo Management Holdings L.P. acquired a new stake in shares of Vistra Energy during the second quarter worth $887,790,000. Vanguard Group Inc. acquired a new stake in shares of Vistra Energy during the second quarter worth $382,296,000. Finally, Franklin Resources Inc. acquired a new stake in shares of Vistra Energy during the second quarter worth $294,121,000.
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Vistra Energy Company Profile
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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