Vistra (NYSE:VST) Stock Price Target Cut by Wells Fargo & Company

Vistra (NYSE:VST) had its price objective cut by equities research analysts at Wells Fargo & Company from $212.00 to $198.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price suggests a potential upside of 37.95% from the company’s current price.

A number of other equities analysts have also recently commented on VST. UBS Group set a $176.00 target price on Vistra in a report on Wednesday, October 21st. Bank of America reduced their target price on Vistra from $196.00 to $194.00 and set a “buy” rating on the stock in a research report on Tuesday. Lake Street Capital set a $194.00 price target on Vistra in a research note on Tuesday. Scotiabank increased their price target on Vistra from $293.00 to $298.00 and gave the stock an “outperform” rating in a report on Wednesday, July 15th. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $181.00 price objective on shares of Vistra in a research report on Thursday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Vistra has an average rating of “Moderate Buy” and a consensus target price of $208.57.

Vistra Price Performance

Vistra stock traded down $3.13 during trading hours on Wednesday, hitting $143.53. The company had a trading volume of 1,215,897 shares, compared to its average volume of 5,136,765. Vistra has a 1 year low of $132.66 and a 1 year high of $200.73. The company has a 50-day moving average price of $145.08 and a two-hundred day moving average price of $154.05.

Vistra (NYSE:VST) last posted its quarterly earnings results on Friday, August 7th. The company reported $0.76 EPS for the quarter, missing the consensus estimate of $1.61 by ($0.85). The firm had revenue of $4.02 billion for the quarter, compared to analyst estimates of $5.46 billion. On average, research analysts forecast that Vistra will post 9.13 earnings per share for the current year.

Insider Activity

In other Vistra news, CEO James Burke purchased 4,465 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The stock was purchased at an average price of $135.25 per share, for a total transaction of $603,891.25. Following the purchase, the chief executive officer directly owned 1,146,352 shares in the company, valued at approximately $155,044,108. This trade represents a 0.39% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Scott A. Hudson sold 44,444 shares of the firm’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $151.82, for a total value of $6,747,488.08. Following the transaction, the executive vice president directly owned 331,137 shares in the company, valued at approximately $50,273,219.34. This represents a 11.83% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.92% of the company’s stock.

Institutional Trading of Vistra

Hedge funds have recently added to or reduced their stakes in the stock. Willner & Heller LLC increased its stake in shares of Vistra by 26.0% during the third quarter. Willner & Heller LLC now owns 3,092 shares of the company’s stock worth $428,000 after acquiring an additional 638 shares during the period. Segra Capital Management LLC boosted its holdings in Vistra by 26.2% in the 3rd quarter. Segra Capital Management LLC now owns 373,456 shares of the company’s stock valued at $51,668,000 after purchasing an additional 77,500 shares in the last quarter. Pinnacle Wealth Planning Services Inc. boosted its holdings in Vistra by 29.4% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 748 shares of the company’s stock valued at $103,000 after purchasing an additional 170 shares in the last quarter. North Dakota State Investment Board increased its position in Vistra by 2.4% during the 3rd quarter. North Dakota State Investment Board now owns 10,303 shares of the company’s stock worth $1,425,000 after purchasing an additional 243 shares during the period. Finally, VestGen Advisors LLC lifted its holdings in shares of Vistra by 12.6% in the 3rd quarter. VestGen Advisors LLC now owns 18,424 shares of the company’s stock valued at $2,549,000 after buying an additional 2,066 shares during the period. 90.88% of the stock is owned by institutional investors and hedge funds.

Vistra Company Profile

Vistra Corp. (NYSE: VST) is an integrated energy company based in Irving, Texas. The company operates across electricity generation, power distribution support, energy marketing and retail electricity sales, serving residential, commercial and industrial customers primarily in the United States.

Vistra owns and operates a diverse portfolio of power generation and energy storage facilities. Its assets include natural gas, nuclear, coal and renewable generation, as well as battery storage projects.