Vistra Energy (VST) Shares Gap Up After Analyst Upgrade

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Vistra Energy Corp (NYSE:VST)’s share price gapped up prior to trading on Monday after Deutsche Bank raised their price target on the stock from $29.00 to $31.00. The stock had previously closed at $24.78, but opened at $24.39. Deutsche Bank currently has a buy rating on the stock. Vistra Energy shares last traded at $24.85, with a volume of 445492 shares.

A number of other equities analysts also recently issued reports on the company. ValuEngine downgraded Vistra Energy from a “buy” rating to a “hold” rating in a report on Monday, August 13th. SunTrust Banks upgraded Vistra Energy from a “hold” rating to a “buy” rating and increased their price objective for the stock from $25.00 to $26.00 in a report on Thursday, October 25th. They noted that the move was a valuation call. Zacks Investment Research downgraded Vistra Energy from a “buy” rating to a “hold” rating in a report on Wednesday, August 15th. Finally, Citigroup reduced their price target on Vistra Energy from $30.00 to $29.00 and set a “buy” rating for the company in a report on Monday, October 22nd. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $26.44.

Several large investors have recently modified their holdings of the company. Fort Washington Investment Advisors Inc. OH bought a new position in shares of Vistra Energy during the third quarter valued at $514,000. Stone Ridge Asset Management LLC bought a new position in shares of Vistra Energy during the third quarter valued at $251,000. Connable Office Inc. bought a new position in shares of Vistra Energy during the third quarter valued at $1,987,000. Skandinaviska Enskilda Banken AB publ bought a new position in shares of Vistra Energy during the third quarter valued at $348,000. Finally, Los Angeles Capital Management & Equity Research Inc. increased its holdings in shares of Vistra Energy by 9.5% during the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 860,524 shares of the company’s stock valued at $21,410,000 after acquiring an additional 74,550 shares in the last quarter.

The company has a debt-to-equity ratio of 1.40, a current ratio of 1.28 and a quick ratio of 1.10. The firm has a market cap of $12.65 billion, a price-to-earnings ratio of 25.50 and a beta of 0.52.

Vistra Energy (NYSE:VST) last issued its quarterly earnings results on Friday, November 2nd. The company reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.09). Vistra Energy had a negative net margin of 5.94% and a positive return on equity of 7.54%. The company had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter in the previous year, the business earned $0.64 earnings per share. Vistra Energy’s revenue was up 76.9% compared to the same quarter last year. As a group, equities analysts forecast that Vistra Energy Corp will post 1.37 EPS for the current fiscal year.

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Vistra Energy Company Profile (NYSE:VST)

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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