Vistra (NYSE:VST) PT Raised to $137.00

Vistra (NYSE:VST) had its price objective boosted by investment analysts at Jefferies Financial Group from $99.00 to $137.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 15.09% from the company’s previous close.

Other equities analysts have also issued research reports about the company. Morgan Stanley lifted their price target on Vistra from $110.00 to $132.00 and gave the company an “overweight” rating in a research note on Monday. BMO Capital Markets raised their price objective on Vistra from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Friday, September 20th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Vistra currently has a consensus rating of “Buy” and an average target price of $110.83.

Vistra Stock Up 5.9 %

Shares of NYSE VST opened at $119.04 on Tuesday. The stock has a market capitalization of $40.90 billion, a P/E ratio of 73.03 and a beta of 1.08. The stock’s fifty day moving average is $82.05 and its 200 day moving average is $81.83. Vistra has a 52 week low of $31.16 and a 52 week high of $120.61. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.88 and a current ratio of 0.98.

Vistra (NYSE:VST) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.69). The firm had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $4.04 billion. Vistra had a return on equity of 21.05% and a net margin of 4.61%. During the same period last year, the company posted $1.03 EPS. Sell-side analysts forecast that Vistra will post 4.78 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vistra

Several hedge funds have recently modified their holdings of VST. Atria Investments Inc bought a new position in Vistra in the first quarter valued at about $1,675,000. Teachers Retirement System of The State of Kentucky boosted its position in Vistra by 41.2% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 115,600 shares of the company’s stock worth $4,453,000 after buying an additional 33,738 shares during the period. Stephens Inc. AR increased its position in Vistra by 633.7% in the 4th quarter. Stephens Inc. AR now owns 58,668 shares of the company’s stock valued at $2,260,000 after acquiring an additional 50,672 shares during the period. Intech Investment Management LLC raised its stake in shares of Vistra by 8.1% during the second quarter. Intech Investment Management LLC now owns 206,648 shares of the company’s stock valued at $17,768,000 after acquiring an additional 15,407 shares during the last quarter. Finally, Banco Santander S.A. bought a new stake in shares of Vistra in the first quarter worth $673,000. Institutional investors and hedge funds 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.