Vistra (NYSE:VST) Price Target Raised to $137.00 at Jefferies Financial Group

Vistra (NYSE:VST) had its target price raised by equities researchers at Jefferies Financial Group from $99.00 to $137.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 19.96% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Morgan Stanley raised their target price on Vistra from $110.00 to $132.00 and gave the stock an “overweight” rating in a research report on Monday. BMO Capital Markets lifted their target price on Vistra from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Friday. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $110.83.

Vistra Trading Up 2.3 %

Shares of NYSE VST traded up $2.57 during midday trading on Tuesday, reaching $114.20. The company had a trading volume of 2,848,897 shares, compared to its average volume of 6,666,592. The stock has a market cap of $39.68 billion, a PE ratio of 70.06 and a beta of 1.08. Vistra has a one year low of $31.16 and a one year high of $115.57. The company has a quick ratio of 0.88, a current ratio of 0.98 and a debt-to-equity ratio of 2.89. The firm’s fifty day moving average price is $80.66 and its 200-day moving average price is $81.20.

Vistra (NYSE:VST) last announced its earnings results on Thursday, August 8th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.69). The firm had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $4.04 billion. Vistra had a return on equity of 21.05% and a net margin of 4.61%. During the same period in the prior year, the company posted $1.03 EPS. On average, equities research analysts anticipate that Vistra will post 4.52 earnings per share for the current year.

Hedge Funds Weigh In On Vistra

Institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its position in Vistra by 89.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 10,124 shares of the company’s stock worth $390,000 after purchasing an additional 4,772 shares in the last quarter. D.A. Davidson & CO. purchased a new position in shares of Vistra in the 4th quarter valued at about $510,000. Corient Private Wealth LLC grew its holdings in Vistra by 106.0% during the 4th quarter. Corient Private Wealth LLC now owns 111,802 shares of the company’s stock worth $4,308,000 after acquiring an additional 57,538 shares in the last quarter. Commerce Bank purchased a new position in Vistra in the fourth quarter valued at $201,000. Finally, Intech Investment Management LLC increased its stake in Vistra by 15.0% in the fourth quarter. Intech Investment Management LLC now owns 28,651 shares of the company’s stock valued at $1,104,000 after purchasing an additional 3,738 shares during the last quarter. 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.