Zacks Investment Research Lowers Vistra Energy (VST) to Strong Sell

Zacks Investment Research downgraded shares of Vistra Energy (NYSE:VST) from a buy rating to a strong sell rating in a research report released on Thursday.

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. “

Other equities research analysts have also recently issued reports about the stock. Deutsche Bank lifted their price target on shares of Vistra Energy from $29.00 to $31.00 and gave the company a buy rating in a research report on Monday. SunTrust Banks upgraded shares of Vistra Energy from a hold rating to a buy rating and lifted their price target for the company from $25.00 to $26.00 in a research report on Thursday, October 25th. They noted that the move was a valuation call. Citigroup dropped their price target on shares of Vistra Energy from $30.00 to $29.00 and set a buy rating for the company in a research report on Monday, October 22nd. Finally, ValuEngine cut shares of Vistra Energy from a buy rating to a hold rating in a research report on Monday, August 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company’s stock. Vistra Energy currently has an average rating of Buy and a consensus target price of $26.44.

Vistra Energy stock traded down $0.17 during midday trading on Thursday, hitting $24.08. 4,118,485 shares of the stock were exchanged, compared to its average volume of 5,721,077. Vistra Energy has a fifty-two week low of $17.70 and a fifty-two week high of $26.29. The stock has a market cap of $12.35 billion, a P/E ratio of 25.08 and a beta of 0.52. The company has a current ratio of 1.06, a quick ratio of 1.10 and a debt-to-equity ratio of 1.32.

Vistra Energy (NYSE:VST) last announced its quarterly earnings results on Friday, November 2nd. The company reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.09). Vistra Energy had a negative net margin of 5.94% and a positive return on equity of 7.17%. The company had revenue of $3.24 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the prior year, the business earned $0.64 earnings per share. Vistra Energy’s revenue was up 76.9% on a year-over-year basis. As a group, analysts forecast that Vistra Energy will post 1.31 EPS for the current year.

In other news, SVP Sara Graziano sold 3,229 shares of the firm’s stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $24.61, for a total value of $79,465.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Carrie Lee Kirby sold 6,340 shares of the firm’s stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $25.03, for a total transaction of $158,690.20. The disclosure for this sale can be found here. In the last three months, insiders bought 2,600 shares of company stock valued at $61,034 and sold 31,216 shares valued at $770,889. Company insiders own 15.66% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Vistra Energy by 46.5% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,369 shares of the company’s stock valued at $152,000 after purchasing an additional 2,340 shares during the period. IFM Investors Pty Ltd boosted its stake in shares of Vistra Energy by 18.5% in the third quarter. IFM Investors Pty Ltd now owns 15,481 shares of the company’s stock valued at $385,000 after purchasing an additional 2,412 shares during the period. Daiwa Securities Group Inc. boosted its stake in shares of Vistra Energy by 28.7% in the second quarter. Daiwa Securities Group Inc. now owns 11,200 shares of the company’s stock valued at $265,000 after purchasing an additional 2,500 shares during the period. Toronto Dominion Bank boosted its stake in shares of Vistra Energy by 7.3% in the third quarter. Toronto Dominion Bank now owns 37,083 shares of the company’s stock valued at $922,000 after purchasing an additional 2,526 shares during the period. Finally, CIBC Asset Management Inc boosted its stake in shares of Vistra Energy by 16.1% in the third quarter. CIBC Asset Management Inc now owns 21,301 shares of the company’s stock valued at $530,000 after purchasing an additional 2,950 shares during the period.

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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