Vistra (NYSE:VST) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Vistra (NYSE:VST) had its target price increased by BMO Capital Markets from $236.00 to $245.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price target would suggest a potential upside of 28.51% from the company’s previous close.

VST has been the topic of several other research reports. Jefferies Financial Group reaffirmed a “hold” rating and set a $230.00 target price (down previously from $241.00) on shares of Vistra in a report on Monday, September 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of Vistra in a research report on Thursday, October 30th. Wall Street Zen downgraded Vistra from a “hold” rating to a “sell” rating in a report on Friday, September 5th. Daiwa America raised Vistra from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 17th. Finally, UBS Group raised their price target on Vistra from $207.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Four research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Vistra presently has an average rating of “Buy” and a consensus target price of $234.21.

Vistra Price Performance

Shares of Vistra stock opened at $190.65 on Friday. The firm has a market capitalization of $64.60 billion, a PE ratio of 68.83, a price-to-earnings-growth ratio of 2.71 and a beta of 1.30. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 6.58. Vistra has a 12 month low of $90.51 and a 12 month high of $219.82. The business’s 50-day moving average price is $199.04 and its 200-day moving average price is $184.79.

Vistra (NYSE:VST) last issued its earnings results on Thursday, November 6th. The company reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.78 by ($0.03). Vistra had a return on equity of 64.88% and a net margin of 6.70%.The firm had revenue of $4.97 billion during the quarter, compared to analysts’ expectations of $6.60 billion. Sell-side analysts forecast that Vistra will post 7 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO James A. Burke sold 9,641 shares of Vistra stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $192.30, for a total value of $1,853,964.30. Following the sale, the chief executive officer directly owned 298,967 shares in the company, valued at approximately $57,491,354.10. This trade represents a 3.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders sold 723,910 shares of company stock valued at $148,086,569. Company insiders own 1.42% of the company’s stock.

Institutional Trading of Vistra

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VST. ELCO Management Co. LLC bought a new stake in Vistra during the second quarter worth about $499,000. Peak Financial Advisors LLC purchased a new position in shares of Vistra during the second quarter valued at approximately $547,000. Envestnet Asset Management Inc. lifted its holdings in shares of Vistra by 29.1% during the first quarter. Envestnet Asset Management Inc. now owns 255,629 shares of the company’s stock valued at $30,021,000 after purchasing an additional 57,551 shares during the last quarter. Tcfg Wealth Management LLC bought a new stake in shares of Vistra in the 2nd quarter worth approximately $258,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of Vistra by 55.3% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 6,232 shares of the company’s stock worth $1,208,000 after purchasing an additional 2,220 shares in the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Vistra Company Profile

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.