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Vistra Energy, Dynegy to combine in all-stock deal

31 October 2017

The institutional investor purchased 443,795 shares of the company's stock, valued at approximately $7,451,000. "The scale and quantity of the Dynegy generation portfolio will be a great addition to Vistra Energy's ERCOT-only operation".

Several other equities research analysts also recently issued reports on VST.

The merger would create a company that would have "a diverse generation fleet" in the Electric Reliability Council of Texas (ERCOT) and and a top combined-cycle power plant fleet in PJM and ISO-New England, "creating a platform for Vistra Energy to expand its industry leading retail capabilities in the Midwest and the Northeast, starting from Dynegy's existing retail positions in Illinois, Ohio, Pennsylvania and MA", said Vistra CEO Curtis Morgan. Vistra Energy estimates the full run-rate of EBITDA value levers will be achieved in approximately 12 months of closing. Apollo Management Holdings L.P. acquired a new position in shares of Vistra Energy Corp.in the 2nd quarter valued at $887,790,000. Finally, OZ Management LP acquired a new stake in shares of Vistra Energy Corp. during the 2nd quarter worth approximately $168,582,000.

ILLEGAL ACTIVITY NOTICE: This story was first posted by Week Herald and is owned by of Week Herald. If you are accessing this article on another site, it was illegally stolen and republished in violation of U.S. & worldwide trademark & copyright legislation. The correct version of this article can be viewed at https://www.truebluetribune.com/2017/10/30/vistra-energy-corp-vst-now-covered-by-analysts-at-evercore-isi.html. (NYSE:VST) in a research note issued on Friday, October 20th, Marketbeat reports. Analysts pegging the company with a rating of 3 would be indicating a Hold recommendation. Deutsche Bank AG reissued a "buy" rating and issued a $20.00 price objective on shares of Vistra Energy Corp.in a research note on Saturday, July 22nd. They issued a "buy" rating and a $22.00 price target on the stock. Finally, Guggenheim initiated coverage on Vistra Energy Corp.in a research note on Tuesday, September 5th. Tudor Pickering initiated coverage on Vistra Energy Corp.in a research note on Monday, June 26th. They issued an "outperform" rating and a $21.50 price target on the stock. The company had a trading volume of 4,052,794 shares. Vistra Energy Corp. has a 12 month low of $13.50 and a 12 month high of $20.66. The company's 50-day moving average is $18.71 and its 200 day moving average is $16.87. The stock has a market capitalization of $8.68 billion and a P/E ratio of 11.88.

Vistra Energy Corp. (NYSE:VST) last released its earnings results on Friday, August 4th. The current consensus recommendation provided by covering analysts is 1.70.

Vistra shareholders will own about 79 percent and Dynegy shareholders will own 21 percent stock of the combined company. Vistra Energy's strength in retail combined with Dynegy's infrastructure and generation capabilities will provide an unmatched, highly efficient integrated business in key competitive markets.

Vistra Energy, Dynegy to combine in all-stock deal