Brokerages Set Vistra Corp. (NYSE:VST) Target Price at $171.64

Vistra Corp. (NYSE:VST) has earned an average rating of “Moderate Buy” from the eleven brokerages that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $171.64.

Several brokerages have commented on VST. UBS Group lifted their price target on Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Bank of America assumed coverage on shares of Vistra in a research report on Monday, January 27th. They set a “neutral” rating and a $206.00 target price on the stock. BMO Capital Markets increased their price target on shares of Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Evercore ISI began coverage on shares of Vistra in a report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price objective on the stock. Finally, Morgan Stanley increased their target price on shares of Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd.

Vistra Trading Up 0.9 %

Shares of NYSE:VST opened at $169.21 on Wednesday. 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 50-day moving average is $159.26 and its 200-day moving average is $130.88. The company has a market cap of $57.57 billion, a P/E ratio of 31.57, a P/E/G ratio of 1.17 and a beta of 1.22. Vistra has a 52-week low of $45.52 and a 52-week high of $199.84.

Vistra declared that its board has initiated a stock repurchase program on Thursday, November 7th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to repurchase up to 2.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity

In other news, EVP Scott A. Hudson sold 115,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $164.16, for a total value of $18,878,400.00. Following the transaction, the executive vice president now directly owns 254,932 shares of the company’s stock, valued at $41,849,637.12. The trade was a 31.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Stephen J. Muscato sold 207,100 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $161.34, for a total value of $33,413,514.00. Following the sale, the executive vice president now directly owns 318,287 shares of the company’s stock, valued at $51,352,424.58. This represents a 39.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 342,100 shares of company stock worth $55,087,314. Corporate insiders own 1.42% of the company’s stock.

Hedge Funds Weigh In On Vistra

Institutional investors and hedge funds have recently bought and sold shares of the business. Sunbelt Securities Inc. raised its holdings in shares of Vistra by 1.6% in the fourth quarter. Sunbelt Securities Inc. now owns 6,409 shares of the company’s stock valued at $898,000 after buying an additional 98 shares during the last quarter. Fourth Dimension Wealth LLC acquired a new stake in Vistra in the 4th quarter valued at about $86,000. Vise Technologies Inc. raised its stake in shares of Vistra by 91.5% in the fourth quarter. Vise Technologies Inc. now owns 7,493 shares of the company’s stock worth $1,033,000 after acquiring an additional 3,580 shares during the last quarter. Gordian Capital Singapore Pte Ltd lifted its position in shares of Vistra by 100.8% during the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 11,040 shares of the company’s stock worth $1,522,000 after purchasing an additional 5,541 shares in the last quarter. Finally, Pinkerton Retirement Specialists LLC grew its stake in shares of Vistra by 31.1% during the fourth quarter. Pinkerton Retirement Specialists LLC now owns 8,220 shares of the company’s stock valued at $1,133,000 after purchasing an additional 1,952 shares during the last quarter. Institutional investors and hedge funds 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.