Vistra Energy Sees Unusually High Options Volume (NYSE:VST)

Vistra Energy Corp (NYSE:VST) was the target of unusually large options trading on Thursday. Stock investors bought 14,221 call options on the company. This represents an increase of 3,482% compared to the typical daily volume of 397 call options.

Several brokerages have recently weighed in on VST. Morgan Stanley lifted their price target on Intuit from $225.00 to $245.00 and gave the company an “equal weight” rating in a research report on Monday, March 25th. ValuEngine upgraded Vistra Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, July 3rd. Macquarie set a $89.00 target price on Nike and gave the stock a “buy” rating in a research report on Friday, June 28th. Zacks Investment Research raised Hallmark Financial Services from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research note on Friday. Finally, Credit Suisse Group set a €50.00 ($58.14) price target on Fresenius SE & Co KGaA and gave the stock a “neutral” rating in a research note on Monday, May 6th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $32.25.

Shares of NYSE VST traded down $0.28 during midday trading on Friday, reaching $21.83. The company had a trading volume of 2,978,866 shares, compared to its average volume of 4,953,005. Vistra Energy has a one year low of $20.83 and a one year high of $27.86. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.03. The company’s fifty day simple moving average is $23.24. The company has a market cap of $10.67 billion, a PE ratio of -1,091.50, a PEG ratio of 1.14 and a beta of 0.67.

Vistra Energy (NYSE:VST) last released its earnings results on Friday, May 3rd. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.05). Vistra Energy had a net margin of 4.22% and a return on equity of 4.37%. The company had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.79 billion. During the same period last year, the firm posted ($0.71) EPS. The company’s revenue was up 282.1% on a year-over-year basis. As a group, research analysts anticipate that Vistra Energy will post 2.03 earnings per share for the current fiscal year.

The firm also recently declared 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. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.50 dividend on an annualized basis and a yield of 2.29%. Vistra Energy’s dividend payout ratio is presently -2,500.00%.

In other news, insider Curtis A. Morgan sold 10,735 shares of Vistra Energy stock in a transaction on 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 through the SEC website. Also, 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 disclosure for this sale can be found here. Over the last quarter, insiders have purchased 44,250 shares of company stock worth $1,039,490 and have sold 1,920,038 shares worth $45,632,162. Company insiders own 14.05% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. CIBC World Markets Inc. increased its holdings in Vistra Energy by 0.9% during the 1st quarter. CIBC World Markets Inc. now owns 46,372 shares of the company’s stock valued at $1,207,000 after purchasing an additional 420 shares during the period. Great West Life Assurance Co. Can grew its holdings in shares of Vistra Energy by 0.3% during the 4th quarter. Great West Life Assurance Co. Can now owns 163,321 shares of the company’s stock worth $3,584,000 after acquiring an additional 457 shares during the period. Nissay Asset Management Corp Japan ADV grew its holdings in shares of Vistra Energy by 1.5% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 33,448 shares of the company’s stock worth $871,000 after acquiring an additional 491 shares during the period. Raymond James Trust N.A. grew its holdings in shares of Vistra Energy by 4.2% during the 1st quarter. Raymond James Trust N.A. now owns 14,027 shares of the company’s stock worth $366,000 after acquiring an additional 568 shares during the period. Finally, First Allied Advisory Services Inc. grew its holdings in shares of Vistra Energy by 6.5% during the 1st quarter. First Allied Advisory Services Inc. now owns 9,864 shares of the company’s stock worth $257,000 after acquiring an additional 600 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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