Bank of America Upgrades Vistra Energy (NYSE:VST) to “Buy”

Share on StockTwits

Bank of America upgraded shares of Vistra Energy (NYSE:VST) from a neutral rating to a buy rating in a research report released on Thursday, Briefing.com Automated Import reports. The firm currently has $31.00 target price on the stock.

A number of other equities research analysts have also recently issued reports on the stock. SunTrust Banks upped their price objective on shares of Vistra Energy from $30.00 to $31.00 and gave the stock a buy rating in a report on Tuesday, September 17th. Zacks Investment Research upgraded shares of Vistra Energy from a hold rating to a buy rating and set a $30.00 price objective for the company in a report on Saturday, October 5th. ValuEngine cut shares of Vistra Energy from a buy rating to a hold rating in a report on Tuesday, August 6th. Citigroup decreased their price objective on shares of Vistra Energy from $36.00 to $31.00 and set a buy rating for the company in a report on Monday, September 9th. Finally, Morgan Stanley set a $34.00 price objective on shares of Vistra Energy and gave the stock a buy rating in a report on Friday, August 16th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Vistra Energy has an average rating of Buy and a consensus price target of $32.44.

NYSE:VST traded down $0.21 during trading hours on Thursday, reaching $26.00. The company’s stock had a trading volume of 3,554,883 shares, compared to its average volume of 4,171,560. The company has a market cap of $12.96 billion, a price-to-earnings ratio of -1,300.00, a price-to-earnings-growth ratio of 0.90 and a beta of 0.57. Vistra Energy has a one year low of $20.83 and a one year high of $27.96. The business’s 50-day moving average is $26.90 and its 200-day moving average is $24.73. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.24 and a quick ratio of 1.11.

Vistra Energy (NYSE:VST) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.87 by ($0.64). The business had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.21 billion. Vistra Energy had a return on equity of 5.00% and a net margin of 4.40%. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.61 earnings per share. On average, sell-side analysts predict that Vistra Energy will post 2.04 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend is Friday, December 13th. Vistra Energy’s dividend payout ratio (DPR) is -2,500.00%.

Hedge funds have recently added to or reduced their stakes in the business. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Vistra Energy during the third quarter valued at about $35,000. Macquarie Group Ltd. bought a new stake in Vistra Energy during the second quarter valued at about $177,000. Marshall Wace LLP bought a new stake in Vistra Energy during the second quarter valued at about $212,000. Oakbrook Investments LLC bought a new stake in Vistra Energy during the third quarter valued at about $226,000. Finally, First Allied Advisory Services Inc. boosted its holdings in Vistra Energy by 5.8% during the second quarter. First Allied Advisory Services Inc. now owns 10,440 shares of the company’s stock valued at $236,000 after acquiring an additional 576 shares during the period.

Vistra Energy Company Profile

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.

Featured Article: Support Level

Analyst Recommendations for Vistra Energy (NYSE:VST)

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.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.