Vistra (NYSE:VST – Get Free Report) had its target price dropped by equities researchers at JPMorgan Chase & Co. from $249.00 to $233.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 35.96% from the stock’s current price.
A number of other brokerages have also commented on VST. Morgan Stanley reissued an “overweight” rating and set a $228.00 price objective on shares of Vistra in a report on Tuesday. Scotiabank initiated coverage on shares of Vistra in a research report on Monday, September 22nd. They set a “sector outperform” rating and a $256.00 target price on the stock. Daiwa Capital Markets raised shares of Vistra from a “neutral” rating to a “buy” rating and set a $250.00 price target for the company in a report on Wednesday, September 17th. Cowen started coverage on shares of Vistra in a research report on Wednesday, October 15th. They issued a “buy” rating for the company. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Vistra in a research report on Monday, December 8th. Four investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $232.40.
VST stock traded up $3.13 during midday trading on Tuesday, hitting $171.38. 1,208,889 shares of the stock were exchanged, compared to its average volume of 6,209,375. The stock’s 50-day moving average price is $184.63 and its 200-day moving average price is $190.22. The company has a debt-to-equity ratio of 5.74, a quick ratio of 0.88 and a current ratio of 0.99. The stock has a market cap of $58.07 billion, a price-to-earnings ratio of 61.88, a PEG ratio of 2.94 and a beta of 1.39. Vistra has a fifty-two week low of $90.51 and a fifty-two week high of $219.82.
Vistra (NYSE:VST – Get Free Report) last announced its quarterly earnings data on Friday, November 7th. The company reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.78 by ($0.03). The firm had revenue of $4.97 billion for the quarter, compared to analysts’ expectations of $6.60 billion. Vistra had a net margin of 6.70% and a return on equity of 64.04%. Research analysts predict that Vistra will post 7 earnings per share for the current year.
In other news, EVP Carrie Lee Kirby sold 58,275 shares of the company’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $174.75, for a total value of $10,183,556.25. Following the completion of the transaction, the executive vice president owned 218,239 shares of the company’s stock, valued at $38,137,265.25. This represents a 21.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO James A. Burke sold 41,426 shares of the firm’s stock in a transaction on Monday, October 13th. The shares were sold at an average price of $201.32, for a total transaction of $8,339,882.32. Following the transaction, the chief executive officer directly owned 246,522 shares of the company’s stock, valued at $49,629,809.04. The trade was a 14.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 763,830 shares of company stock worth $150,539,816 over the last three months. 1.42% of the stock is currently owned by company insiders.
Several institutional investors have recently made changes to their positions in VST. Banque Transatlantique SA grew its position in Vistra by 132.0% during the 1st quarter. Banque Transatlantique SA now owns 232 shares of the company’s stock worth $25,000 after purchasing an additional 132 shares during the last quarter. Salomon & Ludwin LLC acquired a new stake in shares of Vistra during the third quarter worth $25,000. Quent Capital LLC purchased a new stake in shares of Vistra during the third quarter valued at $25,000. Archer Investment Corp increased its position in shares of Vistra by 2,700.0% in the 3rd quarter. Archer Investment Corp now owns 140 shares of the company’s stock valued at $27,000 after acquiring an additional 135 shares during the period. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in Vistra in the 2nd quarter worth $28,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.
Vistra Corp., together with its subsidiaries, operates as an integrated retail electricity and power generation company. The company operates through six segments: Retail, Texas, East, West, Sunset, and Asset Closure. It retails electricity and natural gas to residential, commercial, and industrial customers across states in the United States and the District of Columbia.
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