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Dynegy, Vistra Energy to merge in all-stock deal

Dynegy, Vistra Energy to merge in all-stock deal”

Two research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company's stock.

The long-anticipated deal combines Vistra's integrated Texas portfolio, including TXU Energy and Luminant, with Dynegy's power-generating base of power plants throughout Texas, the Midwest and the Northeast. If you are accessing this article on another site, it was illegally stolen and republished in violation of United States & worldwide trademark & copyright legislation. Credit Suisse Group began coverage on shares of Vistra Energy Corp.in a research report on Wednesday, September 20th. Citigroup Inc. started coverage on shares of Vistra Energy Corp.in a research report on Thursday, September 28th. Vistra Energy Corp. earned a news impact score of 0.06 on Accern's scale.

News articles about Vistra Energy Corp. The stock presently has an average rating of Hold and a consensus price target of $19.59. (:VST). At the time of writing, the First Call consensus price target for the company is $20.85. Apollo Management Holdings L.P. acquired a new position in shares of Vistra Energy Corp.in the 2nd quarter valued at $887,790,000.

Under the terms of the agreement, Dynegy shareholders will receive 0.652 shares of Vistra Energy common stock for each share of Dynegy common stock they own, resulting in Vistra Energy and Dynegy shareholders owning approximately 79 percent and 21 percent, respectively, of the combined company. World Asset Management Inc acquired a new position in Vistra Energy Corp. during the second quarter worth approximately $168,000.

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Shares of Vistra Energy Corp. The stock decreased 0.93% or $0.19 on October 27, reaching $20.3.

Bank of America Corporation began coverage on shares of Vistra Energy Corp. The stock has a 50 day moving average of $18.71 and a 200-day moving average of $16.87. The company has market cap of $8.68 billion.

Wall Street await Vistra Energy Corp (NYSE:VST) to release earnings on November, 3. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.03). Equities research analysts anticipate that Vistra Energy Corp. will post $0.60 EPS for the current fiscal year.

The combined company projects streamlining to achieve approximately $350 million in annual savings before interest, taxes, depreciation and amortization (EBITDA) within a year, which Holden likened to "dry powder" for future acquisitions. The combined company's premier wholesale generation portfolio will serve as a platform for accelerated growth of this retail business.



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