Vistra Energy (VST) Hits New 52-Week High and Low After Analyst Upgrade

Vistra Energy Corp (NYSE:VST) shares hit a new 52-week high and low during mid-day trading on Wednesday after Bank of America raised their price target on the stock from $25.00 to $27.00. Bank of America currently has a buy rating on the stock. Vistra Energy traded as low as $22.57 and last traded at $22.49, with a volume of 1756216 shares. The stock had previously closed at $22.35.

Several other brokerages also recently issued reports on VST. Macquarie assumed coverage on shares of Vistra Energy in a research note on Wednesday, March 28th. They issued an “outperform” rating on the stock. Zacks Investment Research upgraded shares of Vistra Energy from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research report on Friday, March 30th. ValuEngine upgraded shares of Vistra Energy from a “hold” rating to a “buy” rating in a research report on Monday, April 9th. UBS upgraded shares of Vistra Energy from a “neutral” rating to a “buy” rating and increased their price objective for the company from $21.00 to $27.00 in a research report on Tuesday, March 6th. Finally, Royal Bank of Canada restated a “buy” rating and set a $24.00 price objective on shares of Vistra Energy in a research report on Monday, April 9th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $22.29.

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A number of institutional investors have recently modified their holdings of VST. Goldman Sachs Group Inc. lifted its position in Vistra Energy by 257.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 6,343,801 shares of the company’s stock valued at $116,218,000 after purchasing an additional 4,567,046 shares during the period. Citadel Advisors LLC increased its holdings in Vistra Energy by 1,118.3% during the fourth quarter. Citadel Advisors LLC now owns 4,699,992 shares of the company’s stock valued at $86,104,000 after buying an additional 4,314,196 shares during the last quarter. Luminus Management LLC increased its holdings in Vistra Energy by 1,388.0% during the fourth quarter. Luminus Management LLC now owns 4,396,233 shares of the company’s stock valued at $80,539,000 after buying an additional 4,100,780 shares during the last quarter. BlackRock Inc. increased its holdings in Vistra Energy by 22.1% during the fourth quarter. BlackRock Inc. now owns 14,738,498 shares of the company’s stock valued at $270,008,000 after buying an additional 2,671,806 shares during the last quarter. Finally, Goldentree Asset Management LP purchased a new stake in Vistra Energy during the fourth quarter valued at approximately $33,087,000.

The firm has a market cap of $9,421.56 and a P/E ratio of 23.27. The company has a current ratio of 1.98, a quick ratio of 1.79 and a debt-to-equity ratio of 0.69.

Vistra Energy (NYSE:VST) last announced its earnings results on Monday, February 26th. The company reported $0.13 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.10. Vistra Energy had a negative net margin of 4.68% and a positive return on equity of 6.15%. The business had revenue of $944.00 million during the quarter, compared to analysts’ expectations of $1.82 billion. analysts predict that Vistra Energy Corp will post 1.46 EPS for the current fiscal year.

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Vistra Energy Company Profile

Vistra Energy Corp, formerly TCEH Corp. is a holding company. The Company is an energy company, which is focused on energy and power generation markets through operation as a generator and retailer of electricity in Texas market. Its portfolio of businesses consists primarily of Luminant and TXU Energy.

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