Vistra Energy Corp (NYSE:VST) was the recipient of a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 21,875,975 shares, an increase of 26.4% from the November 15th total of 17,300,809 shares. Currently, 6.1% of the company’s shares are short sold. Based on an average daily volume of 6,126,534 shares, the short-interest ratio is presently 3.6 days.
In related news, insider Curtis A. Morgan acquired 19,094 shares of the stock in a transaction on Wednesday, December 20th. The stock was bought at an average cost of $18.34 per share, with a total value of $350,183.96. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Brian K. Ferraioli purchased 5,750 shares of the stock in a transaction dated Friday, December 15th. The stock was acquired at an average cost of $17.27 per share, with a total value of $99,302.50. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 46,944 shares of company stock valued at $856,600.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Koch Industries Inc. purchased a new position in Vistra Energy during the second quarter valued at $82,584,000. Brookfield Asset Management Inc. purchased a new position in Vistra Energy during the second quarter valued at $1,226,917,000. Apollo Management Holdings L.P. purchased a new position in Vistra Energy during the second quarter valued at $887,790,000. Vanguard Group Inc. purchased a new position in Vistra Energy during the second quarter valued at $382,296,000. Finally, Franklin Resources Inc. purchased a new position in Vistra Energy during the second quarter valued at $294,121,000.
Vistra Energy (NYSE VST) traded up $0.19 during trading hours on Thursday, hitting $18.54. 3,591,941 shares of the stock were exchanged, 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 firm has a market capitalization of $7,880.00 and a price-to-earnings ratio of 0.33. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.18 and a quick ratio of 1.92.
Vistra Energy (NYSE:VST) last announced its quarterly earnings results on Friday, November 3rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.32. Vistra Energy had a net margin of 416.84% and a return on equity of 352.77%. The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.93 billion. Vistra Energy’s revenue for the quarter was up 8.5% compared to the same quarter last year. equities research analysts forecast that Vistra Energy will post 0.41 EPS for the current fiscal year.
Several research analysts recently commented on VST shares. Zacks Investment Research upgraded shares of Vistra Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, December 13th. Credit Suisse Group started coverage on shares of Vistra Energy in a research note on Wednesday, September 20th. They set an “outperform” rating and a $20.00 price objective for the company. Evercore ISI initiated coverage on shares of Vistra Energy in a research note on Friday, October 20th. They set an “outperform” rating and a $21.50 price objective for the company. SunTrust Banks initiated coverage on shares of Vistra Energy in a research note on Tuesday, October 10th. They set a “hold” rating and a $18.00 price target on the stock. Finally, Royal Bank of Canada initiated coverage on shares of Vistra Energy in a research note on Wednesday, December 20th. They set an “outperform” rating and a $21.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $19.88.
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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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