Vistra Energy (VST) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of Vistra Energy (NYSE:VST) from a hold rating to a buy rating in a research report sent to investors on Wednesday, December 20th. The brokerage currently has $20.00 price target 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. “

Other analysts have also issued research reports about the company. SunTrust Banks began coverage on Vistra Energy in a research note on Tuesday, October 10th. They issued a hold rating and a $18.00 target price on the stock. Citigroup started coverage on Vistra Energy in a research note on Thursday, September 28th. They set a buy rating and a $22.00 price target on the stock. Bank of America started coverage on Vistra Energy in a research report on Tuesday, October 24th. They set a buy rating and a $22.00 price objective on the stock. Evercore ISI started coverage on Vistra Energy in a research report on Friday, October 20th. They set an outperform rating and a $21.50 price objective on the stock. Finally, Royal Bank of Canada initiated coverage on Vistra Energy in a research report on Wednesday, December 20th. They set an outperform rating and a $21.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. Vistra Energy currently has a consensus rating of Buy and an average price target of $19.88.

Vistra Energy (NYSE VST) traded up $0.19 during mid-day trading on Wednesday, reaching $18.54. The company’s stock had a trading volume of 3,591,941 shares, compared to its average volume of 3,699,943. Vistra Energy has a 1-year low of $14.50 and a 1-year high of $21.20. The company has a quick ratio of 1.92, a current ratio of 2.18 and a debt-to-equity ratio of 0.65. The company has a market cap of $7,880.00 and a P/E ratio of 0.33.

Vistra Energy (NYSE:VST) last issued its quarterly earnings results on Friday, November 3rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.32. The company had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.93 billion. Vistra Energy had a return on equity of 352.77% and a net margin of 416.84%. Vistra Energy’s quarterly revenue was up 8.5% on a year-over-year basis. equities analysts predict that Vistra Energy will post 0.41 EPS for the current fiscal year.

In other news, insider James A. Burke sold 12,621 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $19.27, for a total value of $243,206.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO J William Holden III acquired 1,800 shares of the business’s stock in a transaction dated Tuesday, November 28th. The stock was acquired at an average price 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 quarter, insiders have purchased 46,944 shares of company stock valued at $856,600.

Several institutional investors and hedge funds have recently modified their holdings of VST. Koch Industries Inc. purchased a new stake in shares of Vistra Energy during the second quarter worth approximately $82,584,000. Brookfield Asset Management Inc. purchased a new stake in shares of Vistra Energy during the second quarter worth approximately $1,226,917,000. Apollo Management Holdings L.P. acquired a new position in Vistra Energy during the second quarter worth $887,790,000. Vanguard Group Inc. acquired a new position in Vistra Energy during the second quarter worth $382,296,000. Finally, Franklin Resources Inc. acquired a new position in Vistra Energy during the second quarter worth $294,121,000.

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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.

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