Vistra (NYSE:VST) Stock Price Down 1.7% – Time to Sell?

Vistra Corp. (NYSE:VST)’s stock price fell 1.7% during mid-day trading on Tuesday . The stock traded as low as $124.34 and last traded at $125.57. 1,477,963 shares traded hands during trading, a decline of 79% from the average session volume of 6,906,718 shares. The stock had previously closed at $127.78.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on VST. Royal Bank of Canada boosted their price objective on shares of Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. UBS Group dropped their price objective on shares of Vistra from $157.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, October 22nd. JPMorgan Chase & Co. began coverage on shares of Vistra in a report on Thursday, October 17th. They set an “overweight” rating and a $178.00 price objective on the stock. Morgan Stanley boosted their price objective on shares of Vistra from $110.00 to $132.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. Finally, Jefferies Financial Group boosted their price objective on shares of Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Vistra currently has an average rating of “Buy” and an average target price of $145.40.

Vistra Stock Performance

The firm has a market cap of $43.12 billion, a P/E ratio of 76.13 and a beta of 1.10. The stock’s 50 day moving average is $106.31 and its two-hundred day moving average is $91.86. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.98 and a quick ratio of 0.88.

Vistra (NYSE:VST) last posted its 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 business had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $4.04 billion. Vistra had a net margin of 4.61% and a return on equity of 21.05%. During the same period in the previous year, the firm earned $1.03 EPS. As a group, equities analysts predict that Vistra Corp. will post 4.02 EPS for the current year.

Hedge Funds Weigh In On Vistra

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Terra Nova Asset Management LLC acquired a new position in shares of Vistra during the third quarter worth approximately $842,000. Czech National Bank lifted its position in shares of Vistra by 12.4% during the third quarter. Czech National Bank now owns 69,987 shares of the company’s stock worth $8,296,000 after purchasing an additional 7,747 shares in the last quarter. Viking Fund Management LLC acquired a new position in shares of Vistra during the third quarter worth approximately $1,185,000. Atria Investments Inc acquired a new position in shares of Vistra during the first quarter worth approximately $1,675,000. Finally, M&R Capital Management Inc. lifted its position in shares of Vistra by 38,929.0% during the third quarter. M&R Capital Management Inc. now owns 117,087 shares of the company’s stock worth $13,879,000 after purchasing an additional 116,787 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

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.