Bank of America Corporation started coverage on shares of Vistra Energy Corp. (NYSE:VST) in a research report released on Tuesday, October 24th, MarketBeat Ratings reports. The brokerage issued a buy rating and a $22.00 price target on the stock.
Other equities analysts have also recently issued reports about the stock. Deutsche Bank AG reaffirmed a buy rating and issued a $20.00 target price on shares of Vistra Energy Corp. in a report on Saturday, July 22nd. Tudor Pickering assumed coverage on shares of Vistra Energy Corp. in a research report on Monday, June 26th. They issued a buy rating and a $21.00 price objective on the stock. Zacks Investment Research upgraded shares of Vistra Energy Corp. from a hold rating to a buy rating and set a $19.00 price objective on the stock in a research report on Thursday, August 10th. Guggenheim assumed coverage on shares of Vistra Energy Corp. in a research report on Tuesday, September 5th. They issued a buy rating and a $20.00 price objective on the stock. Finally, Citigroup Inc. began coverage on shares of Vistra Energy Corp. in a research report on Thursday, September 28th. They issued a buy rating and a $22.00 price objective on the stock. Two analysts have rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $19.68.
Vistra Energy Corp. (VST) traded up $0.31 during mid-day trading on Tuesday, reaching $18.61. 6,009,500 shares of the company’s stock were exchanged, compared to its average volume of 2,665,719. Vistra Energy Corp. has a 12 month low of $14.50 and a 12 month high of $21.20. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.07 and a current ratio of 2.18.
Vistra Energy Corp. (NYSE:VST) last announced its earnings results on Friday, November 3rd. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.32. The business had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.93 billion. Vistra Energy Corp. had a net margin of 14.89% and a return on equity of 16.11%. The firm’s revenue was up 8.5% compared to the same quarter last year. analysts predict that Vistra Energy Corp. will post 0.41 earnings per share for the current year.
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In related news, insider James A. Burke sold 12,621 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $19.27, for a total value of $243,206.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN increased its stake in shares of Vistra Energy Corp. by 253.1% during the 3rd quarter. Wells Fargo & Company MN now owns 1,987,308 shares of the company’s stock valued at $37,142,000 after acquiring an additional 1,424,453 shares during the last quarter. Citadel Advisors LLC grew its holdings in shares of Vistra Energy Corp. by 1,250.2% during the 3rd quarter. Citadel Advisors LLC now owns 385,796 shares of the company’s stock worth $7,210,000 after purchasing an additional 357,222 shares during the period. Pegasus Partners Ltd. purchased a new stake in shares of Vistra Energy Corp. during the 3rd quarter worth about $3,603,000. Legal & General Group Plc grew its holdings in shares of Vistra Energy Corp. by 13.4% during the 3rd quarter. Legal & General Group Plc now owns 67,499 shares of the company’s stock worth $1,262,000 after purchasing an additional 7,965 shares during the period. Finally, Oppenheimer & Co. Inc. grew its holdings in shares of Vistra Energy Corp. by 17.0% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 23,717 shares of the company’s stock worth $443,000 after purchasing an additional 3,450 shares during the period.
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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