Zacks Investment Research upgraded shares of Vistra Energy Corp. (NYSE:VST) from a hold rating to a buy rating in a research note released on Saturday morning. Zacks Investment Research currently has $19.00 price objective on the stock.
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 topic of a number of other reports. Barclays PLC started coverage on shares of Vistra Energy Corp. in a research report on Thursday, June 8th. They issued an equal weight rating and a $16.00 target price on the stock. Deutsche Bank AG reaffirmed a buy rating and issued a $20.00 target price on shares of Vistra Energy Corp. in a research report on Saturday, July 22nd. Tudor Pickering started coverage on shares of Vistra Energy Corp. in a research report on Monday, June 26th. They issued a buy rating and a $21.00 target price on the stock. Finally, UBS AG reaffirmed a sell rating and issued a $14.00 target price on shares of Vistra Energy Corp. in a research report on Wednesday, May 24th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $18.20.
Shares of Vistra Energy Corp. (NYSE:VST) opened at 17.66 on Friday. Vistra Energy Corp. has a 12-month low of $0.01 and a 12-month high of $25.24. The firm has a 50-day moving average of $16.68 and a 200-day moving average of $16.18. The firm has a market capitalization of $7.55 billion and a PE ratio of 10.33.
Vistra Energy Corp. (NYSE:VST) last released its earnings results on Friday, August 4th. The company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by $0.03. The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.30 billion. Equities analysts anticipate that Vistra Energy Corp. will post $0.59 earnings per share for the current year.
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A number of institutional investors have recently made changes to their positions in VST. Koch Industries Inc. purchased a new position in shares of Vistra Energy Corp. during the second quarter worth about $82,584,000. Apollo Management Holdings L.P. purchased a new position in shares of Vistra Energy Corp. during the second quarter worth about $887,790,000. Vanguard Group Inc. purchased a new position in shares of Vistra Energy Corp. during the second quarter worth about $382,296,000. Franklin Resources Inc. purchased a new position in shares of Vistra Energy Corp. during the second quarter worth about $294,121,000. Finally, Centerbridge Partners L.P. purchased a new position in shares of Vistra Energy Corp. during the second quarter worth about $239,041,000. Institutional investors own 4.14% of the company’s stock.
About Vistra Energy Corp.
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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