BMO Capital Markets Issues Positive Forecast for Vistra (NYSE:VST) Stock Price

Vistra (NYSE:VST) had its price objective upped by research analysts at BMO Capital Markets from $146.00 to $147.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective would indicate a potential upside of 18.46% from the company’s previous close.

VST has been the topic of a number of other research reports. JPMorgan Chase & Co. started coverage on shares of Vistra in a report on Thursday, October 17th. They set an “overweight” rating and a $178.00 price target on the stock. UBS Group lowered their price objective on shares of Vistra from $157.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, October 22nd. Morgan Stanley increased their price objective on shares of Vistra from $110.00 to $132.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. Jefferies Financial Group increased their price objective on shares of Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Finally, Royal Bank of Canada increased their price objective on shares of Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Ten analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $145.40.

Vistra Stock Performance

Shares of NYSE VST opened at $124.09 on Tuesday. The firm’s 50-day moving average price is $106.31 and its 200-day moving average price is $91.86. The company has a quick ratio of 0.88, a current ratio of 0.98 and a debt-to-equity ratio of 2.89. The company has a market cap of $43.12 billion, a PE ratio of 76.13 and a beta of 1.10. Vistra has a 52-week low of $32.34 and a 52-week high of $143.87.

Vistra (NYSE:VST) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.69). The company had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $4.04 billion. Vistra had a net margin of 4.61% and a return on equity of 21.05%. During the same period in the previous year, the business earned $1.03 EPS. As a group, analysts anticipate that Vistra will post 4.02 EPS for the current year.

Institutional Investors Weigh In On Vistra

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Vistra during the 3rd quarter worth approximately $30,000. CVA Family Office LLC raised its stake in Vistra by 1,505.9% during the 3rd quarter. CVA Family Office LLC now owns 273 shares of the company’s stock worth $32,000 after acquiring an additional 256 shares during the period. Redwood Wealth Management Group LLC bought a new stake in Vistra during the 2nd quarter worth approximately $26,000. ORG Wealth Partners LLC bought a new stake in shares of Vistra during the third quarter valued at approximately $40,000. Finally, Fortitude Family Office LLC lifted its holdings in shares of Vistra by 125.0% in the third quarter. Fortitude Family Office LLC now owns 360 shares of the company’s stock worth $43,000 after buying an additional 200 shares in the last quarter. 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.