Vistra (NYSE:VST) Given New $248.00 Price Target at JPMorgan Chase & Co.

Vistra (NYSE:VST) had its target price increased by JPMorgan Chase & Co. from $227.00 to $248.00 in a report published on Wednesday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

VST has been the subject of a number of other research reports. Jefferies Financial Group reiterated a “hold” rating and issued a $230.00 price objective (down previously from $241.00) on shares of Vistra in a research note on Monday. Morgan Stanley set a $207.00 price target on shares of Vistra and gave the company an “overweight” rating in a research report on Thursday, August 21st. The Goldman Sachs Group raised their price objective on shares of Vistra from $179.00 to $203.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 13th. UBS Group upped their target price on shares of Vistra from $207.00 to $230.00 and gave the company a “buy” rating in a report on Friday, July 25th. Finally, Melius started coverage on Vistra in a report on Wednesday, August 20th. They set a “buy” rating and a $295.00 price target on the stock. Three research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $218.20.

Vistra Stock Performance

NYSE VST opened at $207.27 on Wednesday. The company has a fifty day moving average of $199.88 and a two-hundred day moving average of $167.41. The company has a market capitalization of $70.23 billion, a PE ratio of 33.06, a P/E/G ratio of 3.15 and a beta of 1.33. Vistra has a 1 year low of $90.51 and a 1 year high of $219.82. The company has a debt-to-equity ratio of 6.58, a current ratio of 0.90 and a quick ratio of 0.80.

Vistra (NYSE:VST) last posted its earnings results on Thursday, August 7th. The company reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.62). Vistra had a return on equity of 108.41% and a net margin of 12.90%.The firm had revenue of $4.25 billion for the quarter, compared to analyst estimates of $5.15 billion. As a group, analysts expect that Vistra will post 7 earnings per share for the current year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 19th will be given a $0.226 dividend. The ex-dividend date is Friday, September 19th. This is an increase from Vistra’s previous quarterly dividend of $0.23. This represents a $0.90 dividend on an annualized basis and a yield of 0.4%. Vistra’s payout ratio is 14.35%.

Insiders Place Their Bets

In other Vistra news, CEO James A. Burke sold 21,379 shares of the business’s stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $199.90, for a total transaction of $4,273,662.10. Following the transaction, the chief executive officer owned 243,770 shares in the company, valued at approximately $48,729,623. The trade was a 8.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last 90 days, insiders sold 276,319 shares of company stock valued at $57,544,816. 1.42% of the stock is currently owned by insiders.

Institutional Trading of Vistra

Institutional investors have recently modified their holdings of the business. CacheTech Inc. acquired a new position in Vistra during the second quarter worth $388,000. Adams Wealth Management acquired a new position in shares of Vistra during the 2nd quarter worth $388,000. Valeo Financial Advisors LLC increased its holdings in shares of Vistra by 25.5% in the 2nd quarter. Valeo Financial Advisors LLC now owns 7,966 shares of the company’s stock valued at $1,544,000 after purchasing an additional 1,619 shares in the last quarter. WT Wealth Management acquired a new stake in shares of Vistra in the second quarter valued at about $234,000. Finally, Reynders McVeigh Capital Management LLC purchased a new stake in Vistra during the second quarter worth about $262,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

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.