Vistra (NYSE:VST) Price Target Cut to $221.00 by Analysts at TD Cowen

Vistra (NYSE:VST) had its price target cut by investment analysts at TD Cowen from $222.00 to $221.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. TD Cowen’s target price would indicate a potential upside of 56.72% from the stock’s previous close.

A number of other research analysts have also weighed in on VST. Scotiabank raised their price target on shares of Vistra from $293.00 to $298.00 and gave the company an “outperform” rating in a research note on Wednesday, July 15th. Jefferies Financial Group reiterated a “buy” rating and set a $190.00 price objective on shares of Vistra in a research note on Thursday, May 21st. Seaport Research Partners reissued a “buy” rating and set a $230.00 target price on shares of Vistra in a report on Monday, June 15th. UBS Group decreased their target price on Vistra from $233.00 to $227.00 and set a “buy” rating on the stock in a research report on Tuesday, July 28th. Finally, JPMorgan Chase & Co. lowered their price target on Vistra from $240.00 to $231.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Vistra presently has a consensus rating of “Buy” and a consensus price target of $228.50.

Vistra Price Performance

VST traded up $0.50 during midday trading on Wednesday, hitting $141.02. 970,169 shares of the company traded hands, compared to its average volume of 4,924,055. The company has a current ratio of 0.97, a quick ratio of 0.87 and a debt-to-equity ratio of 5.87. The company has a market capitalization of $47.33 billion, a price-to-earnings ratio of 23.59 and a beta of 1.41. Vistra has a 52-week low of $132.66 and a 52-week high of $219.82. The business has a 50 day simple moving average of $154.02 and a two-hundred day simple moving average of $156.25.

Vistra (NYSE:VST) last announced its earnings results on Friday, August 7th. The company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by ($0.85). The company had revenue of $4.02 billion during the quarter, compared to analyst estimates of $5.46 billion. Vistra had a net margin of 11.55% and a return on equity of 108.68%. On average, equities analysts forecast that Vistra will post 9.23 earnings per share for the current fiscal year.

Insider Buying and Selling at Vistra

In related news, Director Scott B. Helm sold 25,000 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $160.00, for a total transaction of $4,000,000.00. Following the completion of the sale, the director owned 232,200 shares of the company’s stock, valued at approximately $37,152,000. This represents a 9.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paul M. Barbas sold 244 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $153.00, for a total transaction of $37,332.00. Following the completion of the sale, the director owned 53,006 shares of the company’s stock, valued at approximately $8,109,918. The trade was a 0.46% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 41,588 shares of company stock valued at $6,739,227. Insiders own 0.92% of the company’s stock.

Institutional Investors Weigh In On Vistra

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Vistra by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 41,588,784 shares of the company’s stock worth $6,709,519,000 after buying an additional 390,157 shares in the last quarter. BlackRock Inc. purchased a new stake in Vistra in the 2nd quarter valued at $4,610,496,000. State Street Corp increased its stake in shares of Vistra by 2.7% in the 4th quarter. State Street Corp now owns 16,474,869 shares of the company’s stock worth $2,657,891,000 after acquiring an additional 432,028 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Vistra by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 8,965,648 shares of the company’s stock worth $1,441,112,000 after acquiring an additional 97,424 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Vistra in the 4th quarter worth $746,729,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

About Vistra

Vistra (NYSE: VST) is an integrated power company that develops, owns and operates electricity generation and retail businesses in the United States. The company’s operations span wholesale power production—through a diversified fleet of thermal and lower‑carbon generation assets—and retail electricity supply to residential, commercial and industrial customers. Vistra serves organized wholesale markets and competitive retail markets, with a notable presence in Texas and other regional U.S. power markets.

Vistra’s core activities include the ownership and operation of generation facilities, the commercial dispatch and optimization of those assets into wholesale markets, and the sale of electricity and related services to end-use customers through its retail brands.