Vistra Energy (VST) Upgraded by Zacks Investment Research to “Hold”
Vistra Energy (NYSE:VST) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.
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 several other reports. Deutsche Bank raised shares of Vistra Energy to a “buy” rating and set a $21.00 price objective for the company in a report on Tuesday, October 31st. Citigroup began coverage on shares of Vistra Energy in a report on Thursday, September 28th. They set a “buy” rating and a $22.00 price objective for the company. Bank of America began coverage on shares of Vistra Energy in a report on Tuesday, October 24th. They set a “buy” rating and a $22.00 price objective for the company. Guggenheim began coverage on shares of Vistra Energy in a report on Tuesday, September 5th. They set a “buy” rating and a $20.00 price objective for the company. Finally, SunTrust Banks began coverage on shares of Vistra Energy in a report on Tuesday, October 10th. They set a “hold” rating and a $18.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $19.68.
Vistra Energy (NYSE:VST) last issued its earnings results on Friday, November 3rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.32. Vistra Energy had a net margin of 416.84% and a return on equity of 352.77%. The business had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.93 billion. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. research analysts predict that Vistra Energy will post 0.41 EPS for the current year.
In other Vistra Energy news, insider James A. Burke sold 12,621 shares of the company’s stock in a transaction that occurred 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 Securities & Exchange Commission, which can be accessed through this link. Also, CFO J William Holden III bought 1,800 shares of Vistra Energy stock in a transaction on Tuesday, November 28th. The shares were acquired at an average cost of $19.19 per share, with a total value of $34,542.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 7,600 shares of company stock valued at $142,712.
Hedge funds have recently made changes to their positions in the business. Public Employees Retirement Association of Colorado bought a new position in shares of Vistra Energy in the second quarter worth approximately $127,000. World Asset Management Inc bought a new position in shares of Vistra Energy in the second quarter worth approximately $168,000. Sei Investments Co. bought a new position in shares of Vistra Energy in the second quarter worth approximately $5,948,000. Schwab Charles Investment Management Inc. bought a new position in shares of Vistra Energy in the second quarter worth approximately $12,357,000. Finally, First Trust Advisors LP bought a new position in shares of Vistra Energy in the second quarter worth approximately $2,261,000.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Vistra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vistra Energy and related companies with MarketBeat.com's FREE daily email newsletter.