JPMorgan Chase & Co. Has Lowered Expectations for Vistra (NYSE:VST) Stock Price

Vistra (NYSE:VST) had its price target cut by analysts at JPMorgan Chase & Co. from $203.00 to $186.00 in a report issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 56.24% from the company’s previous close.

Several other equities analysts have also issued reports on the company. BMO Capital Markets upped their price target on Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Evercore ISI initiated coverage on shares of Vistra in a research note on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 target price on the stock. Bank of America raised shares of Vistra from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $164.00 to $152.00 in a research note on Tuesday, March 4th. Daiwa Capital Markets started coverage on shares of Vistra in a research note on Wednesday, March 5th. They issued a “neutral” rating and a $120.00 price objective on the stock. Finally, UBS Group increased their price target on Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $163.50.

Vistra Stock Down 0.2 %

NYSE:VST opened at $119.05 on Friday. The company has a market cap of $40.49 billion, a price-to-earnings ratio of 22.21, a P/E/G ratio of 1.12 and a beta of 1.21. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. The stock’s fifty day moving average price is $147.39 and its two-hundred day moving average price is $140.40. Vistra has a 52-week low of $64.26 and a 52-week high of $199.84.

Insider Buying and Selling at Vistra

In related news, Director Paul M. Barbas sold 24,136 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $124.19, for a total value of $2,997,449.84. Following the sale, the director now directly owns 51,063 shares of the company’s stock, valued at approximately $6,341,513.97. The trade was a 32.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John William Pitesa bought 1,500 shares of Vistra stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average cost of $126.75 per share, with a total value of $190,125.00. Following the completion of the purchase, the director now owns 3,467 shares in the company, valued at approximately $439,442.25. This trade represents a 76.26 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.42% of the company’s stock.

Institutional Investors Weigh In On Vistra

Several institutional investors have recently bought and sold shares of VST. Norges Bank bought a new position in Vistra in the fourth quarter valued at approximately $409,087,000. Massachusetts Financial Services Co. MA boosted its holdings in shares of Vistra by 63.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,260,363 shares of the company’s stock valued at $863,116,000 after buying an additional 2,433,732 shares during the last quarter. Capital International Investors acquired a new position in Vistra during the fourth quarter worth $286,414,000. Raymond James Financial Inc. bought a new stake in Vistra during the fourth quarter worth $237,441,000. Finally, Appaloosa LP raised its position in Vistra by 112.5% during the fourth quarter. Appaloosa LP now owns 2,700,000 shares of the company’s stock worth $372,249,000 after acquiring an additional 1,429,612 shares in the last quarter. 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.