Zacks Investment Research upgraded shares of Vistra Energy (NYSE:VST) from a hold rating to a buy rating in a research note issued to investors on Saturday, Zacks.com reports. The firm currently has $25.00 target price on the stock.
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 a number of other research reports. Macquarie set a $89.00 target price on Nike and gave the company a buy rating in a research report on Friday, June 28th. Credit Suisse Group set a €50.00 ($58.14) target price on Fresenius SE & Co KGaA and gave the company a neutral rating in a research report on Monday, May 6th. Citigroup increased their target price on Vistra Energy from $32.00 to $36.00 and gave the company a buy rating in a research report on Thursday, April 11th. Morgan Stanley increased 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. Finally, Bank of America reduced their price objective on 3D Systems from $10.00 to $9.00 and set an underperform rating for the company in a research note on Wednesday, May 8th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Vistra Energy has an average rating of Buy and a consensus price target of $32.25.
Vistra Energy (NYSE:VST) last released its quarterly earnings data on Friday, May 3rd. The company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.05). Vistra Energy had a return on equity of 4.37% and a net margin of 4.22%. The company had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.79 billion. During the same quarter in the prior year, the company posted ($0.71) EPS. The company’s revenue for the quarter was up 282.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Vistra Energy will post 2.08 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date was Thursday, June 13th. Vistra Energy’s dividend payout ratio (DPR) is -2,500.00%.
In other news, insider Curtis A. Morgan sold 10,735 shares of Vistra Energy stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $25.31, for a total value of $271,702.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO David A. Campbell acquired 30,000 shares of the firm’s stock in a transaction dated Monday, June 17th. The stock was bought at an average price of $23.35 per share, with a total value of $700,500.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 44,250 shares of company stock valued at $1,039,490 and have sold 1,920,038 shares valued at $45,632,162. Company insiders own 14.05% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Nisa Investment Advisors LLC increased its position in Vistra Energy by 3.9% during the second quarter. Nisa Investment Advisors LLC now owns 110,443 shares of the company’s stock worth $2,500,000 after buying an additional 4,095 shares during the period. Gulf International Bank UK Ltd increased its position in Vistra Energy by 7.3% during the second quarter. Gulf International Bank UK Ltd now owns 80,731 shares of the company’s stock worth $1,827,000 after buying an additional 5,500 shares during the period. Norman Fields Gottscho Capital Management LLC increased its position in Vistra Energy by 1.4% during the second quarter. Norman Fields Gottscho Capital Management LLC now owns 164,480 shares of the company’s stock worth $3,724,000 after buying an additional 2,300 shares during the period. DNB Asset Management AS increased its position in Vistra Energy by 8.2% during the second quarter. DNB Asset Management AS now owns 49,213 shares of the company’s stock worth $1,114,000 after buying an additional 3,745 shares during the period. Finally, Amundi Pioneer Asset Management Inc. increased its position in Vistra Energy by 24.4% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 458,120 shares of the company’s stock worth $11,925,000 after buying an additional 89,962 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.
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