Vistra (NYSE:VST) Price Target Cut to $154.00 by Analysts at UBS Group

Vistra (NYSE:VST) had its target price trimmed by UBS Group from $174.00 to $154.00 in a research report released on Friday morning,Benzinga reports. The firm currently has a buy rating on the stock.

VST has been the topic of several other research reports. JPMorgan Chase & Co. lowered their price objective on shares of Vistra from $203.00 to $186.00 and set an “overweight” rating on the stock in a report on Friday, March 28th. The Goldman Sachs Group started coverage on Vistra in a report on Friday, April 4th. They set a “neutral” rating and a $134.00 price objective for the company. Bank of America raised Vistra from a “neutral” rating to a “buy” rating and cut their target price for the company from $164.00 to $152.00 in a research report on Tuesday, March 4th. Daiwa Capital Markets started coverage on Vistra in a research report on Wednesday, March 5th. They issued a “neutral” rating and a $120.00 price target for the company. Finally, Daiwa America raised shares of Vistra to a “hold” rating in a report on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $159.69.

Vistra Stock Up 2.3 %

Shares of NYSE:VST opened at $111.72 on Friday. The firm has a market cap of $38.00 billion, a P/E ratio of 20.84, a PEG ratio of 1.12 and a beta of 1.21. Vistra has a 52-week low of $64.26 and a 52-week high of $199.84. The business’s 50 day simple moving average is $133.17 and its two-hundred day simple moving average is $141.54. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 20th were given a $0.2235 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This is a boost from Vistra’s previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a dividend yield of 0.80%. Vistra’s payout ratio is 12.62%.

Insider Buying and Selling

In other Vistra news, Director John William Pitesa acquired 1,500 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were bought at an average price of $126.75 per share, for a total transaction of $190,125.00. Following the completion of the transaction, the director now owns 3,467 shares of the company’s stock, valued at approximately $439,442.25. This represents a 76.26 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul M. Barbas sold 24,136 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $124.19, for a total value of $2,997,449.84. Following the transaction, the director now 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 ownership of the stock. The disclosure for this sale can be found here. 1.42% of the stock is currently owned by insiders.

Institutional Trading of Vistra

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Morse Asset Management Inc purchased a new position in shares of Vistra in the 3rd quarter worth about $631,000. Orion Portfolio Solutions LLC boosted its stake in shares of Vistra by 56.5% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 5,067 shares of the company’s stock valued at $601,000 after purchasing an additional 1,829 shares in the last quarter. Sunbelt Securities Inc. raised its position in Vistra by 37.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 6,311 shares of the company’s stock worth $748,000 after purchasing an additional 1,704 shares during the period. Virtu Financial LLC bought a new stake in Vistra in the third quarter worth $1,466,000. Finally, Fulcrum Equity Management grew its stake in shares of Vistra by 2.8% during the third quarter. Fulcrum Equity Management now owns 13,549 shares of the company’s stock valued at $1,606,000 after buying an additional 364 shares during the last quarter. Hedge funds and other 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.