Vistra Energy (NYSE:VST) Stock Rating Upgraded by Zacks Investment Research
Vistra Energy (NYSE:VST) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Saturday, Zacks.com reports. The brokerage currently has a $28.00 target price on the stock. Zacks Investment Research‘s target price suggests a potential upside of 17.80% from the stock’s current price.
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. “
Several other equities research analysts have also commented on VST. Macquarie set a $35.00 price target on Vistra Energy and gave the stock a “buy” rating in a research note on Friday, March 1st. Morgan Stanley started coverage on Vistra Energy in a research note on Monday, March 25th. They set an “overweight” rating and a $35.00 price target for the company. Citigroup upped their price target on Vistra Energy from $32.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Credit Suisse Group upgraded Vistra Energy from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $26.00 to $32.00 in a research note on Monday, May 6th. Finally, Bank of America lowered Vistra Energy from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 8th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $32.88.
Vistra Energy (NYSE:VST) last released its earnings results on Friday, May 3rd. The company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.05). The business had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.79 billion. Vistra Energy had a net margin of 4.22% and a return on equity of 4.37%. The business’s revenue for the quarter was up 282.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.71) earnings per share. As a group, equities analysts predict that Vistra Energy will post 2.28 EPS for the current year.
In related news, Director Bruce Zimmerman bought 4,000 shares of the stock in a transaction dated Friday, June 7th. The stock was acquired at an average price of $24.43 per share, for a total transaction of $97,720.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO James A. Burke bought 6,000 shares of the stock in a transaction dated Thursday, May 30th. The stock was bought at an average price of $23.58 per share, with a total value of $141,480.00. The disclosure for this purchase can be found here. Insiders have sold 20,038 shares of company stock valued at $507,162 over the last 90 days. 14.05% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the company. Teacher Retirement System of Texas grew its stake in shares of Vistra Energy by 2.4% in the fourth quarter. Teacher Retirement System of Texas now owns 1,024,222 shares of the company’s stock valued at $23,444,000 after buying an additional 24,137 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in Vistra Energy by 2.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 506,284 shares of the company’s stock valued at $13,179,000 after purchasing an additional 11,720 shares during the last quarter. Quadrant Capital Group LLC purchased a new position in Vistra Energy in the first quarter valued at about $45,000. Deutsche Bank AG boosted its holdings in Vistra Energy by 81.4% in the fourth quarter. Deutsche Bank AG now owns 585,627 shares of the company’s stock valued at $13,400,000 after purchasing an additional 262,800 shares during the last quarter. Finally, Vanguard Group Inc boosted its holdings in Vistra Energy by 0.6% in the third quarter. Vanguard Group Inc now owns 37,935,659 shares of the company’s stock valued at $943,839,000 after purchasing an additional 216,356 shares during the last quarter.
About Vistra Energy
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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