Vistra Energy in talks to buy Dynegy

They issued an "outperform" rating and a $21.50 price objective for the company. Vistra Energy had 7 analyst reports since June 8, 2017 according to SRatingsIntel. Tudor Pickering initiated it with "Buy" rating and $21 target in Monday, June 26 report. The average 1-year price target for (VST) reveals an average price target of $20.61 per share. Barclays PLC reiterated a "hold" rating and issued a $17.00 target price on shares of Vistra Energy a research report on Tuesday, July 25th.

Further, we can see that Vistra Energy Corp. Citigroup Inc. initiated coverage on shares of Vistra Energy a report on Thursday, September 28th. In 2014, Dynegy made two deals totaling $6.25 billion to buy 19 power plants in the Midwest and Northeast from Duke Energy of North Carolina and Energy Capital Partners of New Jersey. The company presently has an average rating of "Hold" and an average price target of $19.35.

Shares of Vistra Energy Corp.

There are many traders who think that proper psychology is one of the most important aspects of becoming successful in the stock market. Calpine, a Houston company, sold itself to a consortium led by a New Jersey private equity firm while NRG, also of Houston, is divesting some $4 billion in assets, which has led to nationwide layoffs.

Vistra Energy Corp. (VST) pulled off a 1.06 percent gain and now trades for $19.03. The company's 50-day moving average is $18.50 and its 200 day moving average is $16.79.

Vistra Energy Corp. (NYSE:VST) last posted its quarterly earnings results on Friday, August 4th. The company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.03). On average, equities research analysts expect that Vistra Energy Corp. will post $0.51 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece was originally reported by TrueBlueTribune and is the property of of TrueBlueTribune. If you are reading this report on another publication, it was copied illegally and republished in violation of United States and global trademark and copyright laws. The correct version of this piece can be viewed at Developed by hedge fund manager Joel Greenblatt, the intention of the formula is to spot high quality companies that are trading at an attractive price. LLC IN now owns 534,622 shares of the company's stock valued at $9,992,000 after acquiring an additional 8,787 shares during the period.

At the time of writing, Vistra Energy Corp. Reinhart Partners Inc. owned about 0.19% of Vistra Energy of its most recent SEC filing. Dynegy entered chapter 11 bankruptcy in 2011, and Vistra itself was spun out of the bankruptcy of Energy Future Holdings, one of the largest in history.

If completed, the merger would be another example of how low electricity rates, higher costs and increased competition from renewable generators are reshaping the power industry as companies struggle to stay profitable. Its portfolio of businesses consists primarily of Luminant and TXU Energy.

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