Vistra (NYSE:VST) Price Target Raised to $137.00

Vistra (NYSE:VST) had its price objective boosted by Jefferies Financial Group from $99.00 to $137.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price target indicates a potential upside of 15.09% from the stock’s previous close.

Several other research analysts have also recently weighed in on VST. BMO Capital Markets boosted their price target on shares of Vistra from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, September 20th. Morgan Stanley upped their target price on Vistra from $110.00 to $132.00 and gave the company an “overweight” rating in a report on Monday. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Vistra currently has an average rating of “Buy” and an average price target of $110.83.

Vistra Stock Performance

Shares of VST stock opened at $119.04 on Tuesday. The firm has a market capitalization of $40.90 billion, a PE ratio of 73.03 and a beta of 1.08. The firm has a fifty day simple moving average of $82.05 and a two-hundred day simple moving average of $81.83. Vistra has a 12 month low of $31.16 and a 12 month high of $120.61. The company has a current ratio of 0.98, a quick ratio of 0.88 and a debt-to-equity ratio of 2.89.

Vistra (NYSE:VST) last announced its earnings results on Thursday, August 8th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.69). Vistra had a net margin of 4.61% and a return on equity of 21.05%. The company had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $4.04 billion. During the same period in the previous year, the firm earned $1.03 EPS. Analysts forecast that Vistra will post 4.78 EPS for the current fiscal year.

Institutional Investors Weigh In On Vistra

Several large investors have recently added to or reduced their stakes in VST. PNC Financial Services Group Inc. lifted its position in Vistra by 89.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 10,124 shares of the company’s stock worth $390,000 after buying an additional 4,772 shares during the last quarter. D.A. Davidson & CO. purchased a new stake in Vistra in the fourth quarter worth about $510,000. Corient Private Wealth LLC boosted its position in shares of Vistra by 106.0% during the fourth quarter. Corient Private Wealth LLC now owns 111,802 shares of the company’s stock valued at $4,308,000 after purchasing an additional 57,538 shares in the last quarter. Commerce Bank bought a new stake in shares of Vistra during the 4th quarter valued at $201,000. Finally, Intech Investment Management LLC grew its holdings in Vistra by 15.0% in the fourth quarter. Intech Investment Management LLC now owns 28,651 shares of the company’s stock worth $1,104,000 after purchasing an additional 3,738 shares during the period. Institutional investors own 90.88% of the company’s stock.

About Vistra

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.