Vistra (NYSE:VST) Price Target Raised to $169.00

Vistra (NYSE:VST) had its price objective upped by equities research analysts at Morgan Stanley from $135.00 to $169.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s price target would indicate a potential upside of 4.46% from the company’s current price.

Several other equities analysts also recently commented on the stock. Guggenheim increased their price objective on shares of Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. UBS Group cut their price objective on Vistra from $157.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, October 22nd. BMO Capital Markets boosted their price objective on Vistra from $146.00 to $147.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. JPMorgan Chase & Co. initiated coverage on Vistra in a research report on Thursday, October 17th. They issued an “overweight” rating and a $178.00 target price for the company. Finally, Jefferies Financial Group boosted their price target on Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $149.10.

Vistra Price Performance

NYSE VST traded down $4.82 during trading on Friday, hitting $161.79. 4,025,474 shares of the company’s stock were exchanged, compared to its average volume of 6,883,554. The company has a market cap of $55.05 billion, a PE ratio of 30.19, a P/E/G ratio of 1.99 and a beta of 1.09. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. Vistra has a fifty-two week low of $34.61 and a fifty-two week high of $168.67. The stock’s 50 day moving average price is $125.72 and its two-hundred day moving average price is $99.36.

Vistra announced that its Board of Directors has approved a stock repurchase program on Thursday, November 7th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 2.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Hedge Funds Weigh In On Vistra

Large investors have recently bought and sold shares of the stock. UniSuper Management Pty Ltd increased its holdings in Vistra by 84.6% during the first quarter. UniSuper Management Pty Ltd now owns 4,800 shares of the company’s stock worth $334,000 after buying an additional 2,200 shares during the last quarter. Shell Asset Management Co. bought a new stake in shares of Vistra in the 1st quarter worth approximately $576,000. CreativeOne Wealth LLC purchased a new position in Vistra in the first quarter valued at approximately $215,000. Advisors Asset Management Inc. grew its holdings in Vistra by 44.0% during the first quarter. Advisors Asset Management Inc. now owns 10,758 shares of the company’s stock valued at $749,000 after purchasing an additional 3,288 shares during the period. Finally, Gabelli Funds LLC purchased a new stake in Vistra in the first quarter worth $348,000. 90.88% of the stock is currently owned by 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.