Vistra Energy (VST) Coverage Initiated by Analysts at Royal Bank of Canada
Equities researchers at Royal Bank of Canada began coverage on shares of Vistra Energy (NYSE:VST) in a research report issued to clients and investors on Wednesday. The firm set an “outperform” rating and a $21.00 price target on the stock. Royal Bank of Canada’s price target points to a potential upside of 16.67% from the company’s current price.
A number of other analysts have also weighed in on the company. Zacks Investment Research upgraded Vistra Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, December 13th. Deutsche Bank upgraded Vistra Energy to a “buy” rating and set a $21.00 target price for the company in a research note on Tuesday, October 31st. Bank of America initiated coverage on Vistra Energy in a research note on Tuesday, October 24th. They issued a “buy” rating and a $22.00 target price for the company. Evercore ISI initiated coverage on Vistra Energy in a research note on Friday, October 20th. They issued an “outperform” rating and a $21.50 target price for the company. Finally, SunTrust Banks initiated coverage on Vistra Energy in a research note on Tuesday, October 10th. They issued a “hold” rating and a $18.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $19.79.
Shares of Vistra Energy (VST) traded up $0.21 during midday trading on Wednesday, hitting $18.00. The company’s stock had a trading volume of 4,859,400 shares, compared to its average volume of 3,154,028. Vistra Energy has a 12 month low of $14.50 and a 12 month high of $21.20. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.18 and a quick ratio of 1.92.
In other news, COO James A. Burke acquired 13,500 shares of the stock in a transaction that occurred on Tuesday, December 12th. The stock was purchased at an average cost of $18.24 per share, for a total transaction of $246,240.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James A. Burke sold 12,621 shares of Vistra Energy stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $19.27, for a total value of $243,206.67. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 27,050 shares of company stock valued at $491,871.
Hedge funds have recently made changes to their positions in the stock. Quantbot Technologies LP acquired a new stake in Vistra Energy in the third quarter worth about $124,000. Public Employees Retirement Association of Colorado acquired a new stake in Vistra Energy in the second quarter worth about $127,000. Macquarie Group Ltd. acquired a new stake in Vistra Energy in the third quarter worth about $187,000. Virtu KCG Holdings LLC acquired a new stake in Vistra Energy in the second quarter worth about $182,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Vistra Energy in the third quarter worth about $204,000.
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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