Vistra Energy (NYSE:VST) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Saturday, Zacks.com reports. The firm currently has a $25.00 price objective on the stock. Zacks Investment Research‘s price target would suggest a potential upside of 10.72% from the company’s current price.
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. “
VST has been the topic of several other research reports. Bank of America lowered their price target on shares of 3D Systems from $10.00 to $9.00 and set an “underperform” rating on the stock in a report on Wednesday, May 8th. Macquarie set a $89.00 price target on shares of Nike and gave the company a “buy” rating in a report on Friday, June 28th. Citigroup boosted their price target on shares of Vistra Energy from $32.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Morgan Stanley boosted their price target on shares of Intuit from $225.00 to $245.00 and gave the company an “equal weight” rating in a report on Monday, March 25th. Finally, Credit Suisse Group set a €50.00 ($58.14) price target on shares of Fresenius SE & Co KGaA and gave the company a “neutral” rating in a report on Monday, May 6th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $32.25.
Vistra Energy (NYSE:VST) last announced its earnings results on Friday, May 3rd. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.05). The company had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.79 billion. Vistra Energy had a return on equity of 4.37% and a net margin of 4.22%. The company’s revenue was up 282.1% compared to the same quarter last year. During the same period last year, the firm posted ($0.71) EPS. On average, sell-side analysts anticipate that Vistra Energy will post 2.08 earnings per share for the current fiscal year.
In other news, SVP Stephen J. Muscato sold 1,775 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $25.31, for a total value of $44,925.25. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Curtis A. Morgan sold 10,735 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $25.31, for a total transaction of $271,702.85. The disclosure for this sale can be found here. In the last 90 days, insiders bought 44,250 shares of company stock worth $1,039,490 and sold 1,920,038 shares worth $45,632,162. 14.05% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the company. Bank of New York Mellon Corp lifted its holdings in shares of Vistra Energy by 9.1% during the 4th quarter. Bank of New York Mellon Corp now owns 1,524,630 shares of the company’s stock valued at $34,899,000 after purchasing an additional 126,829 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Vistra Energy by 34.0% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 25,798 shares of the company’s stock valued at $591,000 after purchasing an additional 6,547 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Vistra Energy during the 4th quarter valued at $432,000. Northern Trust Corp lifted its holdings in shares of Vistra Energy by 4.0% during the 4th quarter. Northern Trust Corp now owns 2,329,327 shares of the company’s stock valued at $53,318,000 after purchasing an additional 89,874 shares during the last quarter. Finally, Great West Life Assurance Co. Can lifted its holdings in shares of Vistra Energy by 0.3% during the 4th quarter. Great West Life Assurance Co. Can now owns 163,321 shares of the company’s stock valued at $3,584,000 after purchasing an additional 457 shares during the last quarter.
About Vistra Energy
Vistra Energy Corp., through its subsidiaries, engages in the integrated power business in Texas. The company operates through Wholesale Generation and Retail Electricity segments. The Wholesale Generation segment engages in the electricity generation, wholesale energy sales and purchases, commodity risk management, fuel production, and fuel logistics management activities.
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