Vistra Energy (NYSE:VST) Price Target Raised to $31.00

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Vistra Energy (NYSE:VST) had its price target hoisted by research analysts at Credit Suisse Group from $30.00 to $31.00 in a report issued on Wednesday, AnalystRatings.com reports. The firm currently has an “outperform” rating on the stock. Credit Suisse Group’s target price would suggest a potential upside of 37.53% from the stock’s current price.

Other analysts also recently issued reports about the stock. ValuEngine downgraded shares of Vistra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Bank of America downgraded shares of Vistra Energy from a “buy” rating to a “neutral” rating in a report on Wednesday, May 8th. Macquarie set a $33.00 price target on shares of Vistra Energy and gave the company a “buy” rating in a report on Friday, June 28th. Zacks Investment Research downgraded shares of Vistra Energy from a “buy” rating to a “hold” rating in a report on Friday, July 19th. Finally, Citigroup set a $31.00 price target on shares of Vistra Energy and gave the company a “buy” rating in a report on Friday, July 19th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Vistra Energy presently has a consensus rating of “Buy” and an average price target of $31.50.

Shares of VST stock traded down $0.05 on Wednesday, hitting $22.54. 409,472 shares of the stock traded hands, compared to its average volume of 4,080,495. The stock has a market cap of $10.86 billion, a price-to-earnings ratio of -1,139.25, a price-to-earnings-growth ratio of 3.72 and a beta of 0.67. Vistra Energy has a 52 week low of $20.83 and a 52 week high of $27.86. The business has a 50 day moving average price of $22.20. The company has a current ratio of 1.24, a quick ratio of 1.11 and a debt-to-equity ratio of 1.42.

Vistra Energy (NYSE:VST) last announced its quarterly earnings data on Friday, August 2nd. The company reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.41. The firm had revenue of $2.83 billion for the quarter. Vistra Energy had a net margin of 6.25% and a return on equity of 7.52%. Analysts forecast that Vistra Energy will post 1.96 earnings per share for the current fiscal year.

In other Vistra Energy news, insider Brookfield Asset Management In sold 1,900,000 shares of Vistra Energy stock in a transaction on Friday, June 21st. The shares were sold at an average price of $23.75, for a total value of $45,125,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO James A. Burke acquired 4,250 shares of the company’s stock in a transaction on Tuesday, June 18th. The stock was acquired at an average cost of $23.48 per share, with a total value of $99,790.00. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 44,250 shares of company stock worth $1,039,490. 14.05% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of VST. FMR LLC grew its stake in shares of Vistra Energy by 25.3% in the 1st quarter. FMR LLC now owns 40,527,479 shares of the company’s stock worth $1,054,932,000 after buying an additional 8,179,641 shares in the last quarter. Invesco Ltd. grew its stake in shares of Vistra Energy by 221.3% in the 2nd quarter. Invesco Ltd. now owns 5,492,563 shares of the company’s stock worth $124,350,000 after buying an additional 3,783,279 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Vistra Energy by 91.0% in the 1st quarter. Janus Henderson Group PLC now owns 4,801,017 shares of the company’s stock worth $124,971,000 after buying an additional 2,287,198 shares in the last quarter. Neuberger Berman Group LLC grew its stake in shares of Vistra Energy by 24.4% in the 1st quarter. Neuberger Berman Group LLC now owns 8,095,332 shares of the company’s stock worth $210,718,000 after buying an additional 1,586,833 shares in the last quarter. Finally, MERIAN GLOBAL INVESTORS UK Ltd purchased a new position in shares of Vistra Energy in the 1st quarter worth $39,955,000.

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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Analyst Recommendations for Vistra Energy (NYSE:VST)

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