10% Owner Apollo Management Holdings Gp, sold 14,000,253 shares in Vistra Energy Corp. (NYSE:VST) for $26,131,509 in transaction occurred on 2018/11/19. After making this transaction, the 10% Owner owns a direct stake of 322,000,000 shares, worth $687,000,000, as per the last closing price. On 2018/11/19 Apollo Management Holdings Gp,, 10% Owner at VST, dumped 14,329,658 shares at an average price of $23 per share. The selling total is valued at $678,000,000.
Separately, it had been reported that some other VST insiders also took part of the insider trading activity. Director, Ackermann Hilary E. had divested 652 shares for $29,066 through a trade on 2018/11/09. Following this activity, the insider holds 15,804 shares worth $764,145 as of recent close. Wall Street’s most bullish Vistra Energy Corp. (NYSE:VST) analysts are predicting the share price to blow past $39 per share during the next 12 months. The current median share price forecast by them is $32, suggesting that the stock could increase 21.72% in that time frame. The average price target of $31.59 calls for a nearly 20.16% increase in the stock price.
Vistra Energy Corp. (VST) trading activity significantly improved as the volume at ready counter increased to 3,825,072 shares versus 3,222,495 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 3,408,010 shares. The share price rose 0.69% in recent trade and currently has a stock-market value of $13.06B. The shares finished at $26.29, after trading as low as $26.2 earlier in the session. It hit an intraday high Tuesday at $26.61. The stock is now 51.01% above against its bear-market low of $17.41 on February 13, 2018. It has retreated -1.22% since it’s 52-week high of $26.61 reached in February. Now the market price is up 47.04% on the year and up 14.85% YTD.
VST’s 50 day simple moving average (SMA 50) price is $23.94 and its 200-day simple moving average (SMA 200) price is $23.53. The company’s stock currently has a total float of 489.94M shares. Its weekly volatility is hovering around 1.53% and felt 1.97% volatility in price over a month. On the upside, the share price will test short term resistance at around $26.53. On a downside, the stock is likely to find some support, which begins at $26.12. The failure to get near-term support could push it to $25.96.
It had seen a positive analyst call from SunTrust, which upgraded the stock from Hold to Buy on October 25. Analysts at Citigroup, started covering the stock on May 01 with a Buy rating. Analysts at Credit Suisse, made their first call about the stock on April 27, recommending it is Neutral. Macquarie, released new analyst coverage on March 28, calling the stock is Outperform.
Moreover, it trades for 11.84 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 1.67x price/book and 1.74x price/sales. Compared to others, Vistra Energy Corp. is in a different league with regards to profitability, having net margins of -5.9%. To put some perspective around this, the industry’s average net margin is 20.41%. VST’s ROE is -6.1%, which is also considerably worse than the industry’s ROE of 10.13%. It’s also very liquid in the near term, with a current ratio of 1.1. The stock has a debt/capital of 1.38.
Shares of Vistra Energy Corp. (VST) have gained 13% since the company’s last earnings report. Over the past 7 fiscal quarters, Vistra Energy Corp. (NYSE:VST) has topped consensus earnings estimates in 4 quarters (57%), missed earnings in 3 quarters (42%), whereas at 0 occasion EPS met analyst expectations. VST last reported earnings on November 02, 2018 when it released Sep-18 results that receded expectations. The company raked in $0.6 per share, -98.04% change on the same period last year. That was worse than consensus for $0.87. Revenue for the recent quarter stood at $3.24 billion, up 77% on last year and below the $3.55 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $1.85 billion to $3.38 billion, which should be compared with $1.29 billion generated last year. EPS is seen in a range of $0.14 to $0.42, against the $0.12 reported a year ago.