Zacks Investment Research Lowers Vistra Energy (VST) to Strong Sell
Vistra Energy (NYSE:VST) was downgraded by Zacks Investment Research from a “buy” rating to a “strong sell” rating in a note issued to investors on Thursday.
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. “
VST has been the subject of a number of other research reports. Deutsche Bank increased their target price on shares of Vistra Energy from $29.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday, November 5th. ValuEngine downgraded shares of Vistra Energy from a “buy” rating to a “hold” rating in a research report on Monday, August 13th. SunTrust Banks raised shares of Vistra Energy from a “hold” rating to a “buy” rating and increased their target price for the stock from $25.00 to $26.00 in a research report on Thursday, October 25th. They noted that the move was a valuation call. Finally, Citigroup dropped their target price on shares of Vistra Energy from $30.00 to $29.00 and set a “buy” rating for the company in a research report on Monday, October 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $26.44.
Vistra Energy (NYSE:VST) last posted its earnings results on Friday, November 2nd. The company reported $0.61 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.09). The business had revenue of $3.24 billion for the quarter, compared to analyst estimates of $4.09 billion. Vistra Energy had a positive return on equity of 7.17% and a negative net margin of 5.94%. The firm’s revenue for the quarter was up 76.9% compared to the same quarter last year. During the same period last year, the company posted $0.64 EPS. On average, analysts expect that Vistra Energy will post 1.31 earnings per share for the current year.
In other Vistra Energy news, SVP Sara Graziano sold 3,229 shares of the company’s stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $24.61, for a total value of $79,465.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Curtis A. Morgan sold 15,576 shares of the company’s stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $24.61, for a total value of $383,325.36. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 2,600 shares of company stock valued at $61,034 and sold 41,004 shares valued at $1,011,771. 15.66% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. UBS Group AG boosted its stake in shares of Vistra Energy by 214.6% during the 1st quarter. UBS Group AG now owns 15,598 shares of the company’s stock valued at $325,000 after buying an additional 10,640 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Vistra Energy by 46.5% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,369 shares of the company’s stock valued at $152,000 after buying an additional 2,340 shares during the last quarter. LPL Financial LLC boosted its stake in shares of Vistra Energy by 24.1% during the 1st quarter. LPL Financial LLC now owns 25,160 shares of the company’s stock valued at $524,000 after buying an additional 4,894 shares during the last quarter. Allianz Asset Management GmbH purchased a new position in shares of Vistra Energy during the 1st quarter valued at approximately $309,000. Finally, Suntrust Banks Inc. purchased a new position in shares of Vistra Energy during the 1st quarter valued at approximately $200,000.
Vistra Energy Company 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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