Zacks Investment Research upgraded shares of Vistra Energy (NYSE:VST) from a hold rating to a buy rating in a report released on Wednesday. Zacks Investment Research currently has $20.00 target price 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. “
A number of other equities analysts also recently commented on the company. Guggenheim started coverage on Vistra Energy in a research report on Tuesday, September 5th. They set a buy rating and a $20.00 price objective 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. Credit Suisse Group started coverage on Vistra Energy in a research report on Wednesday, September 20th. They set an outperform rating and a $20.00 price objective on the stock. Finally, Deutsche Bank upgraded Vistra Energy to a buy rating and set a $21.00 price objective on the stock in a research report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $19.88.
Vistra Energy (NYSE:VST) last announced its quarterly earnings data on Friday, November 3rd. The company reported $0.64 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.32. Vistra Energy had a return on equity of 352.77% and a net margin of 416.84%. The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.93 billion. The business’s revenue was up 8.5% on a year-over-year basis. equities research analysts anticipate that Vistra Energy will post 0.41 earnings per share for the current year.
In other news, insider Curtis A. Morgan acquired 19,094 shares of the company’s stock in a transaction dated Wednesday, December 20th. The stock was acquired at an average cost of $18.34 per share, with a total value of $350,183.96. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider James A. Burke sold 12,621 shares of Vistra Energy stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $19.27, for a total value of $243,206.67. The disclosure for this sale can be found here. Insiders acquired 46,344 shares of company stock worth $845,620 in the last 90 days.
Hedge funds and other institutional investors have recently modified their holdings of the company. Quantbot Technologies LP acquired a new stake in shares of Vistra Energy in the third quarter valued at $124,000. Public Employees Retirement Association of Colorado acquired a new stake in shares of Vistra Energy in the second quarter valued at $127,000. Macquarie Group Ltd. acquired a new stake in shares of Vistra Energy in the third quarter valued at $187,000. Virtu KCG Holdings LLC acquired a new stake in shares of Vistra Energy in the second quarter valued at $182,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Vistra Energy in the third quarter valued at $204,000.
WARNING: This piece was originally posted by Community Financial News and is owned by of Community Financial News. If you are accessing this piece on another site, it was stolen and republished in violation of international copyright & trademark laws. The legal version of this piece can be viewed at https://www.com-unik.info/2017/12/24/vistra-energy-vst-upgraded-by-zacks-investment-research-to-buy-2.html.
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.
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.