Vistra Energy (NYSE:VST) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday, Zacks.com reports. The firm currently has a $25.00 target price on the stock. Zacks Investment Research‘s price target suggests a potential upside of 10.72% from the stock’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. “
Several other equities research analysts also recently weighed in on the company. Credit Suisse Group set a €50.00 ($58.14) price target on Fresenius SE & Co KGaA and gave the stock a “neutral” rating in a research report on Monday, May 6th. Macquarie set a $89.00 price target on Nike and gave the stock a “buy” rating in a research report on Friday, June 28th. Citigroup increased their price target on Vistra Energy from $32.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. ValuEngine raised Vistra Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, July 3rd. Finally, Morgan Stanley raised their target price on Intuit from $225.00 to $245.00 and gave the company an “equal weight” rating in a research report on Monday, March 25th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $32.25.
Vistra Energy (NYSE:VST) last announced its quarterly earnings results on Friday, May 3rd. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.05). The company had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.79 billion. Vistra Energy had a return on equity of 4.37% and a net margin of 4.22%. Vistra Energy’s revenue for the quarter was up 282.1% on a year-over-year basis. During the same period in the prior year, the business posted ($0.71) earnings per share. On average, research analysts anticipate that Vistra Energy will post 2.08 EPS for the current fiscal year.
In other Vistra Energy news, COO James A. Burke bought 4,250 shares of the company’s stock in a transaction dated Tuesday, June 18th. The shares were purchased at an average cost of $23.48 per share, for a total transaction of $99,790.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Brookfield Asset Management In sold 1,900,000 shares of the firm’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $23.75, for a total value of $45,125,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 44,250 shares of company stock worth $1,039,490 and have sold 1,920,038 shares worth $45,632,162. 14.05% of the stock is owned by company insiders.
Institutional investors have recently modified their holdings of the stock. Cerebellum GP LLC purchased a new position in Vistra Energy in the 1st quarter valued at about $27,000. Lake Point Wealth Management purchased a new position in Vistra Energy in the 4th quarter valued at about $34,000. Quadrant Capital Group LLC purchased a new position in Vistra Energy in the 1st quarter valued at about $45,000. Quantamental Technologies LLC purchased a new position in Vistra Energy in the 1st quarter valued at about $105,000. Finally, Oakbrook Investments LLC purchased a new position in Vistra Energy in the 1st quarter valued at about $210,000.
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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