VST - Vistra Energy Corp.

NYSE - NYSE Delayed Price. Currency in USD
26.66
+0.10 (+0.38%)
At close: 4:00PM EDT
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Previous Close26.56
Open26.59
Bid0.00 x 1400
Ask0.00 x 2200
Day's Range26.56 - 26.94
52 Week Range20.83 - 27.86
Volume5,067,681
Avg. Volume4,664,445
Market Cap13.108B
Beta (3Y Monthly)0.48
PE Ratio (TTM)19.15
EPS (TTM)1.39
Earnings DateOct 31, 2019 - Nov 4, 2019
Forward Dividend & Yield0.50 (1.88%)
Ex-Dividend Date2019-09-13
1y Target Est32.00
Trade prices are not sourced from all markets
  • Vistra Energy Corp. (NYSE:VST) Earns Among The Best Returns In Its Industry
    Simply Wall St.

    Vistra Energy Corp. (NYSE:VST) Earns Among The Best Returns In Its Industry

    Today we'll look at Vistra Energy Corp. (NYSE:VST) and reflect on its potential as an investment. To be precise, we'll...

  • Energy's Dumb Money May Be Wising Up
    Bloomberg

    Energy's Dumb Money May Be Wising Up

    (Bloomberg Opinion) -- When the market doesn’t go your way, there’s a certain deflective comfort to be found in blaming the market. The slump in energy stocks has spurred some talk of getting out of public markets altogether – even as one company, Saudi Aramco, is apparently considering finally taking a giant plunge into them. Conflicting signals, yes, but united in one important aspect. Harold Hamm, CEO of fracker Continental Resources Inc., was asked on the latest earnings call what value there was in the company remaining public. The stock has fallen by more than half since last October to about $30, while the consensus target is about $51, according to figures compiled by Bloomberg. Hamm responded he didn’t see a lot of value in it “in today’s market,” and the analyst commiserated on the herd’s apparent short-sightedness, saying “there’s clearly something broken there.”Over in the power sector, Vistra Energy Corp.’s CEO, Curtis Morgan, fielded a similar question for similar reasons. While professing “faith” in public markets, he added that going private must be considered if the stock’s perceived discount doesn’t ultimately close.There are specific reasons why this question was asked of these two companies. Hamm owns almost 77% of Continental anyway, so the free float is currently valued at just $2.8 billion. Vistra, meanwhile, has private equity deep in its DNA, being one piece resulting from the 2007 buyout of TXU Corp. and run by an alumnus of Energy Capital Partners LLC.Public markets aren’t paragons of rationality, with the wisdom of the crowd repeatedly giving way to the mania of the mob. But it’s tough to argue the market is “broken” here. After all, if it’s irrational now, then wasn’t that also the case five years ago, when Continental traded at about $80 just as oil prices began to slip? Recall the company sold its hedging book around that time, ditching its insurance against an oil crash, with Hamm in November 2014 telling, coincidentally, the same analyst:… We feel like we're at the bottom rung here on the [oil] prices and we'll see them recover pretty drastically, pretty quick.Clearly, there isn’t a public-market monopoly on getting stuff wrong.The private market has its own checkered record in energy. There have been obvious blowups, such as KKR & Co. Inc.’s forays with Samson Resources Corp. and, of course, TXU. Vistra’s sector, merchant generation, has a long history of keeping bankruptcy judges busy, which is precisely why it’s one of only two public companies left – and why both are diversifying into more stable retail operations.Continental and Vistra have sold off for similar and quite rational reasons. Oil and gas prices are in the tank, and forecasts for Continental’s earnings take their cue from that. Similarly, as expectations of a hot and profitable summer in the Texas power market have cooled off, so Vistra’s stock has dropped with power futures.This cuts both ways, and investors with a bullish view on energy prices are free to swoop in. They haven’t. That may reflect such ordinary things as fear of a recession, but I think it has more to do with a deterioration in one longstanding reason to own energy stocks: gaining exposure to the underlying commodity.Chalk it up to a mixture of hindsight and foresight. Investors have noticed, especially with E&P companies, that past windfalls generated by price rallies tended to accrue to drilling budgets and executive compensation instead of them. Looking ahead, fundamental shifts in the energy market – from shale to renewables to peak demand forecasts to trade wars – inject volatility and raise doubts about long-term pricing. Rather than put a big multiple on future earnings tied to commodity prices and growth, investors prioritize near-term free cash flow that can underpin dividends – show me the money, in other words.You can see this in E&P valuation multiples. Traditionally, these swung low when oil prices were very high, in anticipation of an inevitable cyclical downswing, and rose when prices fell, pricing in the next recovery. In this latest cycle, however, that relationship has changed. When oil prices fell sharply in 2015 and 2016, valuation multiples soared (and equity issuance spiked). But when oil dropped in late 2018 and this summer, multiples fell alongside it.Similarly, while Bloomberg NEF reports Texas’ wholesale electricity market is the tightest it’s been since the lucrative summer of 2011, investors aren’t paying up for the option in Vistra’s stock. That may be a trust thing, in part, as the timetable for deleveraging set by Vistra when it bought Dynegy Inc. has slipped. But it also reflects the quite reasonable concern that new renewable capacity, especially solar power, could loosen Texas’ electricity market quite quickly – as has happened in the past.The higher risks around energy earnings and damaged trust means investors demand more to buy into them – meaning a higher cost of capital expressed in lower valuations.Herein lies a lesson for Saudi Arabian Oil Co., to give it its full name. The seemingly endless saga of Aramco’s IPO has been dogged by the $2 trillion market-cap target voiced by Prince Mohammed Bin Salman in 2016. As I wrote here, that number reflected a simplistic valuation of Aramco’s vast reserves, even though today’s oil investors prioritize dividends partly because they suspect barrels not due to be produced for another few decades may never see the light of day. Just like earnings streams for Continental and Vistra, the benefit of the doubt, expressed as a high multiple, has diminished.Talk of an Aramco IPO was revived, somewhat jarringly, in the same week Saudi officials were trying to talk up sagging oil prices. Maybe the IPO talk remains just that, but it could also mean Saudi Arabia may actually go ahead, even if that finally buries the $2 trillion fantasy. Facing chronic deficits, Riyadh could use the money; and, as cynics often contend, the public market is where the dumb – that is, cheap – money is to be found. The one catch is that, when it comes to energy, the dumb money looks a little wiser these days.To contact the author of this story: Liam Denning at ldenning1@bloomberg.netTo contact the editor responsible for this story: Mark Gongloff at mgongloff1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Liam Denning is a Bloomberg Opinion columnist covering energy, mining and commodities. He previously was editor of the Wall Street Journal's Heard on the Street column and wrote for the Financial Times' Lex column. He was also an investment banker.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Thomson Reuters StreetEvents

    Edited Transcript of VST.N earnings conference call or presentation 2-Aug-19 12:00pm GMT

    Q2 2019 Vistra Energy Corp Earnings Call

  • Vistra Energy Corp. (VST) Q2 2019 Earnings Call Transcript
    Motley Fool

    Vistra Energy Corp. (VST) Q2 2019 Earnings Call Transcript

    VST earnings call for the period ending June 30, 2019.

  • CNW Group

    Vistra Energy Completes Acquisition of Crius Energy Trust

    IRVING, Texas and TORONTO, July 15, 2019 /CNW/ - Vistra Energy (NYSE:VST - News) and Crius Energy Trust ("Crius Energy") (TSX:KWH-UN.TO - News) today announced the successful completion of the previously announced acquisition by Vistra of the business of Crius Energy. The closing of the transaction follows the overwhelming approval of the transaction by Crius Energy unitholders at the special meeting of unitholders held on March 28, 2019, and the receipt of all required regulatory approvals, including approval from the Federal Energy Regulatory Commission on July 8, 2019. As a result of the closing today, Crius Energy unitholders are entitled to receive C$8.80 per trust unit upon the redemption of such units.

  • VST or UTL: Which Is the Better Value Stock Right Now?
    Zacks

    VST or UTL: Which Is the Better Value Stock Right Now?

    VST vs. UTL: Which Stock Is the Better Value Option?

  • How Financially Strong Is Vistra Energy Corp. (NYSE:VST)?
    Simply Wall St.

    How Financially Strong Is Vistra Energy Corp. (NYSE:VST)?

    Investors seeking to preserve capital in a volatile environment might consider large-cap stocks such as Vistra Energy...

  • New Strong Buy Stocks for Jun 12th
    Zacks

    New Strong Buy Stocks for Jun 12th

    New Strong Buy Stocks for Jun 12th

  • Thomson Reuters StreetEvents

    Edited Transcript of VST.N earnings conference call or presentation 3-May-19 12:00pm GMT

    Q1 2019 Vistra Energy Corp Earnings Call

  • Could Victory Square Technologies Inc.'s (CNSX:VST) Investor Composition Influence The Stock Price?
    Simply Wall St.

    Could Victory Square Technologies Inc.'s (CNSX:VST) Investor Composition Influence The Stock Price?

    Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! A look at the shareholders of Victory Square Technologies Inc. (CNSX:VST) can tell us which group is...

  • VAST EXPLORATION INC. (VST) Q1 2019 Earnings Call Transcript
    Motley Fool

    VAST EXPLORATION INC. (VST) Q1 2019 Earnings Call Transcript

    VST earnings call for the period ending March 31, 2019.

  • Vistra Energy Corp. (VST) Misses Q1 Earnings Estimates
    Zacks

    Vistra Energy Corp. (VST) Misses Q1 Earnings Estimates

    Vistra Energy Corp. (VST) delivered earnings and revenue surprises of -25.00% and 1.85%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Did You Miss Vistra Energy's (NYSE:VST) 19% Share Price Gain?
    Simply Wall St.

    Did You Miss Vistra Energy's (NYSE:VST) 19% Share Price Gain?

    Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! If you want to compound wealth in the stock market, you can do so by buying an index fund. But o...

  • Vistra Energy Corp. (VST) Reports Next Week: Wall Street Expects Earnings Growth
    Zacks

    Vistra Energy Corp. (VST) Reports Next Week: Wall Street Expects Earnings Growth

    Vistra Energy Corp. (VST) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Investors Who Bought Victory Square Technologies (CNSX:VST) Shares A Year Ago Are Now Down 82%
    Simply Wall St.

    Investors Who Bought Victory Square Technologies (CNSX:VST) Shares A Year Ago Are Now Down 82%

    The art and science of stock market investing requires a tolerance for losing money on some of the shares you buy. But it's not unreasonable to try to avoid trulyRead More...

  • Thomson Reuters StreetEvents

    Edited Transcript of VST.N earnings conference call or presentation 28-Feb-19 1:00pm GMT

    Q4 2018 Vistra Energy Corp Earnings Call

  • Vistra Energy Corp (VST) Q4 2018 Earnings Conference Call Transcript
    Motley Fool

    Vistra Energy Corp (VST) Q4 2018 Earnings Conference Call Transcript

    VST earnings call for the period ending December 31, 2018.

  • GlobeNewswire

    Analysis: Positioning to Benefit within Quest Diagnostics, Autodesk, Agios Pharmaceuticals, AMN Healthcare Services, Vistra Energy, and Helen of Troy — Research Highlights Growth, Revenue, and Consolidated Results

    NEW YORK, Feb. 22, 2019 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.

  • Vistra Energy Corp. (VST) Earnings Expected to Grow: Should You Buy?
    Zacks

    Vistra Energy Corp. (VST) Earnings Expected to Grow: Should You Buy?

    Vistra Energy Corp. (VST) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • CNW Group

    Vistra Energy and Crius Energy Trust Agree to Amend Purchase Agreement to Reflect an Improved Purchase Price for Vistra's Pending Acquisition of Crius Energy's Attractive Retail Electricity and Gas Portfolio

    IRVING, TX, Feb. 20, 2019 /CNW/ - Vistra Energy (NYSE:VST - News) and Crius Energy Trust (TSX: KWH.UN) have entered into an amendment to their existing purchase agreement pursuant to which Vistra has agreed to increase its acquisition price for Crius Energy such that unitholders of Crius Energy will now receive C$8.80 per trust unit, an increase of C$1.23 per trust unit from the parties' prior agreement. The purchase price is in addition to Crius Energy's previously-declared C$0.209 per unit distribution for the first quarter of 2019. Vistra and Crius Energy negotiated the amendment in response to the receipt by the Crius Energy Board of Directors of an unsolicited acquisition proposal from a third party bidder dated Feb. 14, 2019 that was higher than the purchase price previously agreed by Vistra and Crius Energy. Vistra's management and Board of Directors carefully reviewed the terms of the third party acquisition proposal and determined that the Crius Energy transaction remained attractive and accretive at the new price of C$8.80 per trust unit, or approximately US$378 million plus the assumption of Crius Energy net debt of approximately US$108 million.

  • GlobeNewswire

    Vistra Energy and Crius Energy Trust Announce Agreement for Vistra to Acquire Crius Energy, Creating the Leading Residential Electricity Provider in the Nation

    Today, Vistra Energy (VST) and Crius Energy Trust (TSX:  KWH.UN) announced they have entered into a definitive agreement pursuant to which Vistra will acquire Crius Energy for cash consideration of C$7.57 per trust unit.  Following the closing of the transaction, Vistra will be the leading residential electricity provider in the nation with operations in 19 states and the District of Columbia.