Wolfe Research Upgrades Vistra Energy (VST) to Outperform

Vistra Energy (NYSE:VST) was upgraded by stock analysts at Wolfe Research from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Thursday, The Fly reports.

A number of other brokerages have also weighed in on VST. Bank of America assumed coverage on shares of Vistra Energy in a report on Tuesday, October 24th. They set a “buy” rating and a $22.00 price objective on the stock. Deutsche Bank raised shares of Vistra Energy to a “buy” rating and set a $21.00 price objective on the stock in a report on Tuesday, October 31st. SunTrust Banks assumed coverage on shares of Vistra Energy in a report on Tuesday, October 10th. They issued a “hold” rating and a $18.00 price target on the stock. Evercore ISI assumed coverage on shares of Vistra Energy in a report on Friday, October 20th. They issued an “outperform” rating and a $21.50 price target on the stock. Finally, Zacks Investment Research lowered shares of Vistra Energy from a “hold” rating to a “sell” rating in a report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $19.88.

Shares of Vistra Energy (NYSE:VST) traded up $0.46 on Thursday, hitting $18.44. 4,216,900 shares of the stock were exchanged, compared to its average volume of 3,534,982. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.92 and a current ratio of 2.18. Vistra Energy has a 12-month low of $14.50 and a 12-month high of $21.20.

Vistra Energy (NYSE:VST) last announced its quarterly earnings data on Friday, November 3rd. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.32. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.93 billion. Vistra Energy had a net margin of 416.84% and a return on equity of 352.77%. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. sell-side analysts anticipate that Vistra Energy will post 0.41 EPS for the current fiscal year.

In other news, Director Scott B. Helm acquired 5,000 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was acquired at an average price of $18.61 per share, for a total transaction of $93,050.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brian K. Ferraioli acquired 5,750 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was purchased at an average price of $17.27 per share, with a total value of $99,302.50. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 47,144 shares of company stock worth $860,320.

Several institutional investors have recently modified their holdings of VST. Koch Industries Inc. acquired a new position in shares of Vistra Energy in the second quarter worth about $82,584,000. Brookfield Asset Management Inc. acquired a new position in shares of Vistra Energy in the second quarter worth about $1,226,917,000. Apollo Management Holdings L.P. acquired a new position in shares of Vistra Energy in the second quarter worth about $887,790,000. Vanguard Group Inc. acquired a new position in shares of Vistra Energy during the 2nd quarter worth about $382,296,000. Finally, Centerbridge Partners L.P. acquired a new position in shares of Vistra Energy during the 2nd quarter worth about $239,041,000.

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About Vistra Energy

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.

The Fly

Analyst Recommendations for Vistra Energy (NYSE:VST)