Vistra Energy (NYSE:VST) Stock Price Down 5.1% on Analyst Downgrade

Vistra Energy Corp (NYSE:VST) fell 5.1% during trading on Thursday after BMO Capital Markets lowered their price target on the stock from $33.00 to $31.00. BMO Capital Markets currently has an outperform rating on the stock. Vistra Energy traded as low as $17.85 and last traded at $17.89. 5,387,827 shares traded hands during trading, an increase of 25% from the average session volume of 4,310,780 shares. The stock had previously closed at $18.86.

VST has been the subject of several other reports. ValuEngine downgraded shares of Vistra Energy from a “hold” rating to a “sell” rating in a research report on Friday, August 7th. Zacks Investment Research cut shares of Vistra Energy from a “strong-buy” rating to a “hold” rating in a report on Saturday, July 4th. Morgan Stanley lowered their price objective on Vistra Energy from $35.00 to $34.00 and set an “overweight” rating on the stock in a report on Friday, July 17th. Finally, Seaport Global Securities upgraded Vistra Energy from a “neutral” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Tuesday, June 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $29.44.

In related news, CEO Curtis A. Morgan acquired 41,176 shares of the company’s stock in a transaction dated Tuesday, September 8th. The shares were bought at an average price of $18.19 per share, for a total transaction of $748,991.44. Also, Director Scott B. Helm acquired 20,000 shares of the business’s stock in a transaction dated Tuesday, September 8th. The shares were bought at an average cost of $18.19 per share, with a total value of $363,800.00. Following the transaction, the director now directly owns 190,377 shares of the company’s stock, valued at approximately $3,462,957.63. The disclosure for this purchase can be found here. 0.49% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Vistra Energy by 14.3% in the 2nd quarter. Vanguard Group Inc. now owns 47,683,973 shares of the company’s stock valued at $887,875,000 after buying an additional 5,954,933 shares during the period. Invesco Ltd. lifted its position in shares of Vistra Energy by 104.6% in the first quarter. Invesco Ltd. now owns 10,050,907 shares of the company’s stock valued at $160,412,000 after buying an additional 5,138,893 shares during the last quarter. Thompson Siegel & Walmsley LLC bought a new position in shares of Vistra Energy in the second quarter valued at about $50,504,000. Bank of New York Mellon Corp boosted its holdings in shares of Vistra Energy by 57.3% during the second quarter. Bank of New York Mellon Corp now owns 4,373,467 shares of the company’s stock worth $81,434,000 after acquiring an additional 1,593,887 shares during the period. Finally, Owl Creek Asset Management L.P. lifted its holdings in Vistra Energy by 354.3% during the 1st quarter. Owl Creek Asset Management L.P. now owns 2,006,570 shares of the company’s stock worth $32,025,000 after purchasing an additional 1,564,870 shares during the last quarter. Hedge funds and other institutional investors own 93.23% of the company’s stock.

The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.75 and a current ratio of 0.87. The stock has a market capitalization of $9.22 billion, a price-to-earnings ratio of 15.29, a price-to-earnings-growth ratio of 0.46 and a beta of 0.94. The business has a fifty day simple moving average of $18.69 and a 200 day simple moving average of $18.45.

Vistra Energy (NYSE:VST) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.13). Vistra Energy had a net margin of 4.98% and a return on equity of 8.57%. The business had revenue of $2.51 billion during the quarter. On average, sell-side analysts forecast that Vistra Energy Corp will post 2.18 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were paid a dividend of $0.135 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.54 dividend on an annualized basis and a yield of 3.02%. Vistra Energy’s dividend payout ratio (DPR) is presently 26.09%.

About Vistra Energy (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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