UBS Group Trims Vistra (NYSE:VST) Target Price to $150.00

Vistra (NYSE:VST) had its price objective reduced by UBS Group from $157.00 to $150.00 in a research note released on Tuesday, Benzinga reports. UBS Group currently has a buy rating on the stock.

Several other research firms also recently commented on VST. JPMorgan Chase & Co. assumed 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. BNP Paribas began coverage on shares of Vistra in a research note on Monday, October 14th. They issued an “outperform” rating and a $231.00 price objective for the company. Morgan Stanley raised their price target on Vistra from $110.00 to $132.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. Guggenheim boosted their price objective on Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Finally, Jefferies Financial Group raised their target price on Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Ten analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $145.30.

Vistra Trading Down 0.4 %

Shares of Vistra stock opened at $125.56 on Tuesday. The stock has a fifty day moving average price of $103.54 and a 200-day moving average price of $90.43. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.98 and a quick ratio of 0.88. The firm has a market cap of $43.63 billion, a PE ratio of 77.03 and a beta of 1.10. Vistra has a 1 year low of $31.92 and a 1 year high of $143.87.

Vistra (NYSE:VST) last released 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). Vistra had a net margin of 4.61% and a return on equity of 21.05%. The company had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $4.04 billion. During the same quarter in the previous year, the firm earned $1.03 earnings per share. Equities research analysts anticipate that Vistra will post 4.73 EPS for the current year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 20th were issued a $0.2195 dividend. This is a boost from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date was Friday, September 20th. Vistra’s dividend payout ratio is presently 53.37%.

Hedge Funds Weigh In On Vistra

A number of large investors have recently modified their holdings of VST. Terra Nova Asset Management LLC purchased a new position in shares of Vistra during the third quarter worth approximately $842,000. Czech National Bank lifted its stake in Vistra by 12.4% in 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 during the last quarter. Viking Fund Management LLC purchased a new stake in Vistra during the third quarter valued at about $1,185,000. Atria Investments Inc bought a new position in shares of Vistra during the first quarter valued at about $1,675,000. Finally, M&R Capital Management Inc. increased its holdings in shares of Vistra by 38,929.0% in the third quarter. M&R Capital Management Inc. now owns 117,087 shares of the company’s stock worth $13,879,000 after buying an additional 116,787 shares during the period. 90.88% of the stock is owned by hedge funds and other 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.