Vistra (NYSE:VST - Free Report) had its price target reduced by JPMorgan Chase & Co. from $203.00 to $186.00 in a report issued on Friday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.
Several other equities research analysts have also issued reports on the stock. BMO Capital Markets raised their target price on shares of Vistra from $151.00 to $191.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd. Daiwa Capital Markets started coverage on shares of Vistra in a research note on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 price objective for the company. Bank of America upgraded Vistra from a "neutral" rating to a "buy" rating and dropped their target price for the company from $164.00 to $152.00 in a research report on Tuesday, March 4th. UBS Group increased their price target on Vistra from $161.00 to $174.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. Finally, Evercore ISI assumed coverage on Vistra in a report on Tuesday, January 21st. They set an "outperform" rating and a $202.00 price objective for the company. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $163.50.
Read Our Latest Report on VST
Vistra Trading Down 1.9 %
Shares of NYSE:VST traded down $2.29 during trading on Friday, hitting $116.76. The company had a trading volume of 4,473,097 shares, compared to its average volume of 7,710,999. The stock has a market cap of $39.72 billion, a price-to-earnings ratio of 21.57, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. The company has a fifty day simple moving average of $147.39 and a two-hundred day simple moving average of $140.83. Vistra has a one year low of $64.26 and a one year high of $199.84.
Vistra Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 20th will be issued a dividend of $0.2235 per share. This represents a $0.89 annualized dividend and a yield of 0.77%. This is a boost from Vistra's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, March 20th. Vistra's dividend payout ratio is presently 12.62%.
Insider Buying and Selling at Vistra
In related news, 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 transaction of $2,997,449.84. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John William Pitesa bought 1,500 shares of Vistra stock in a transaction on Wednesday, March 12th. The stock was purchased at an average price of $126.75 per share, with a total value of $190,125.00. Following the completion of the acquisition, the director now directly owns 3,467 shares of the company's stock, valued at $439,442.25. This represents a 76.26 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.42% of the company's stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the company. Avior Wealth Management LLC boosted its stake in Vistra by 56.5% in the fourth quarter. Avior Wealth Management LLC now owns 180 shares of the company's stock valued at $25,000 after acquiring an additional 65 shares in the last quarter. Pathway Financial Advisers LLC boosted its position in shares of Vistra by 616.0% in the 4th quarter. Pathway Financial Advisers LLC now owns 179 shares of the company's stock worth $25,000 after purchasing an additional 154 shares in the last quarter. Founders Capital Management purchased a new position in Vistra during the 4th quarter worth $28,000. West Branch Capital LLC purchased a new position in Vistra during the 4th quarter worth $28,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new position in Vistra during the 4th quarter valued at about $28,000. Hedge funds and other institutional investors own 90.88% of the company's stock.
Vistra Company Profile
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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.
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