Vistra (NYSE:VST) Price Target Cut to $186.00 by Analysts at JPMorgan Chase & Co.

Vistra (NYSE:VST) had its price target reduced by stock analysts at JPMorgan Chase & Co. from $203.00 to $186.00 in a report released on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 55.85% from the stock’s previous close.

Several other research analysts also recently commented on VST. Daiwa America upgraded shares of Vistra to a “hold” rating in a research report on Wednesday, March 5th. BMO Capital Markets boosted their price target on Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Evercore ISI started coverage on Vistra in a research report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price objective for the company. UBS Group lifted their target price on Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Finally, Bank of America raised shares of Vistra from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $164.00 to $152.00 in a report on Tuesday, March 4th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $163.50.

Vistra Price Performance

VST stock opened at $119.35 on Friday. The company’s 50-day moving average price is $148.43 and its two-hundred day moving average price is $139.65. Vistra has a 12 month low of $64.26 and a 12 month high of $199.84. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. The firm has a market cap of $40.60 billion, a P/E ratio of 22.27, a P/E/G ratio of 1.12 and a beta of 1.21.

Insiders Place Their Bets

In related news, Director John William Pitesa purchased 1,500 shares of Vistra stock in a transaction on Wednesday, March 12th. The shares were purchased at an average price of $126.75 per share, for a total transaction of $190,125.00. Following 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 purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Paul M. Barbas sold 24,136 shares of the firm’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 $6,341,513.97. This trade represents a 32.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.42% of the company’s stock.

Institutional Investors Weigh In On Vistra

A number of institutional investors have recently modified their holdings of the company. Lionsbridge Wealth Management LLC acquired a new position in Vistra in the fourth quarter valued at $277,000. Dakota Wealth Management bought a new stake in shares of Vistra during the 4th quarter valued at about $231,000. Retirement Systems of Alabama grew its stake in Vistra by 9.6% during the third quarter. Retirement Systems of Alabama now owns 78,965 shares of the company’s stock worth $9,361,000 after purchasing an additional 6,920 shares during the period. First Sabrepoint Capital Management LP acquired a new position in Vistra in the third quarter valued at approximately $17,781,000. Finally, Legal Advantage Investments Inc. acquired a new stake in shares of Vistra during the 4th quarter worth approximately $565,000. 90.88% of the stock is 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.