Zacks Investment Research downgraded shares of Vistra Energy Corp. (NYSE:VST) from a buy rating to a hold rating in a research note published on Friday morning.
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. “
A number of other equities research analysts have also weighed in on the company. Barclays PLC started coverage on Vistra Energy Corp. in a research note on Thursday, June 8th. They issued an equal weight rating and a $16.00 target price for the company. Tudor Pickering started coverage on Vistra Energy Corp. in a report on Monday, June 26th. They set a buy rating and a $21.00 price target on the stock. Deutsche Bank AG restated a buy rating and set a $20.00 price target on shares of Vistra Energy Corp. in a report on Saturday, July 22nd. Finally, UBS AG restated a sell rating and set a $14.00 price target on shares of Vistra Energy Corp. in a report on Wednesday, May 24th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $18.40.
Shares of Vistra Energy Corp. (NYSE:VST) traded up 0.57% during mid-day trading on Friday, reaching $17.75. The company had a trading volume of 729,940 shares. Vistra Energy Corp. has a 52-week low of $13.50 and a 52-week high of $25.24. The firm’s 50-day moving average price is $16.78 and its 200 day moving average price is $16.21. The company has a market cap of $7.59 billion and a price-to-earnings ratio of 10.39.
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 analysts’ consensus estimates of $0.04 by $0.03. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.30 billion. Equities analysts expect that Vistra Energy Corp. will post $0.59 EPS for the current year.
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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. acquired a new position in shares of Vistra Energy Corp. during the second quarter worth about $14,710,000. Matlinpatterson Global Advisers LLC acquired a new position in shares of Vistra Energy Corp. during the second quarter worth about $8,352,000. Public Employees Retirement Association of Colorado acquired a new position in shares of Vistra Energy Corp. during the second quarter worth about $127,000. NGAM Advisors L.P. acquired a new position in shares of Vistra Energy Corp. during the second quarter worth about $4,564,000. Finally, World Asset Management Inc acquired a new position in shares of Vistra Energy Corp. during the second quarter worth about $168,000. 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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