Vistra (NYSE:VST) Stock Price Up 1.2% – Here’s Why

Vistra Corp. (NYSE:VST)’s share price shot up 1.2% on Monday. The company traded as high as $143.52 and last traded at $141.8380. 4,286,015 shares were traded during mid-day trading, a decline of 17% from the average session volume of 5,157,474 shares. The stock had previously closed at $140.16.

Analysts Set New Price Targets

Several brokerages have commented on VST. HSBC initiated coverage on Vistra in a research report on Thursday, October 22nd. They issued a “buy” rating and a $190.00 price objective on the stock. Morgan Stanley decreased their target price on Vistra from $227.00 to $226.00 and set an “overweight” rating for the company in a research report on Wednesday, October 21st. Siebert Williams Shank began coverage on shares of Vistra in a research note on Friday, October 2nd. They set a “buy” rating and a $202.00 target price for the company. Raymond James Financial set a $176.00 target price on shares of Vistra in a research note on Wednesday, October 21st. Finally, Lake Street Capital set a $194.00 price target on shares of Vistra in a report on Tuesday. One 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $202.43.

Vistra Trading Down 2.8%

The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 5.87. The stock’s 50 day moving average price is $145.08 and its 200-day moving average price is $154.05. The stock has a market capitalization of $47.86 billion, a P/E ratio of 24.09 and a beta of 1.38.

Vistra (NYSE:VST) last issued its quarterly earnings data on Friday, August 7th. The company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.85). The business had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $5.46 billion. Vistra had a return on equity of 108.68% and a net margin of 11.55%. As a group, equities research analysts expect that Vistra Corp. will post 9.13 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Scott Hudson sold 44,444 shares of the business’s stock in a transaction on 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 completion of the transaction, the executive vice president directly owned 331,137 shares of the company’s stock, valued at approximately $50,273,219.34. The trade was a 11.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO James A. Burke acquired 4,465 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The shares were bought at an average price of $135.25 per share, with a total value of $603,891.25. Following the completion of the purchase, the chief executive officer directly owned 1,146,352 shares in the company, valued at $155,044,108. The trade was a 0.39% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.92% of the company’s stock.

Hedge Funds Weigh In On Vistra

A number of large investors have recently added to or reduced their stakes in VST. Premier Financial Group bought a new stake in shares of Vistra in the 2nd quarter valued at about $34,000. Stonehage Fleming Financial Services Holdings Ltd bought a new position in shares of Vistra during the 2nd quarter worth approximately $37,000. Silicon Valley Capital Partners bought a new position in shares of Vistra during the 2nd quarter worth approximately $39,000. Physician Wealth Advisors Inc. raised its stake in shares of Vistra by 46.6% during the 1st quarter. Physician Wealth Advisors Inc. now owns 302 shares of the company’s stock worth $45,000 after acquiring an additional 96 shares in the last quarter. Finally, Latitude Advisors LLC bought a new position in shares of Vistra during the 3rd quarter worth approximately $42,000. 90.88% of the stock is currently owned by institutional investors.

About Vistra

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.