Vistra (NYSE:VST) Price Target Raised to $169.00

Vistra (NYSE:VST) had its price target increased by Morgan Stanley from $135.00 to $169.00 in a report issued on Friday,Benzinga reports. The firm currently has an overweight rating on the stock.

Other research analysts also recently issued reports about the stock. Jefferies Financial Group raised their price target on shares of Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. UBS Group dropped their price target on Vistra from $157.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, October 22nd. BMO Capital Markets lifted their price target on shares of Vistra from $146.00 to $147.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. Guggenheim lifted their price objective on Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Finally, Royal Bank of Canada raised their price target on Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $149.10.

Vistra Stock Performance

NYSE:VST opened at $161.92 on Friday. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. The firm has a market cap of $55.09 billion, a price-to-earnings ratio of 30.21, a PEG ratio of 2.14 and a beta of 1.09. Vistra has a 52-week low of $34.61 and a 52-week high of $168.67. The business’s fifty day moving average is $127.24 and its 200 day moving average is $100.11.

Vistra declared that its Board of Directors has initiated a stock repurchase plan on Thursday, November 7th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 2.1% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be given a $0.221 dividend. This is a positive change from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date is Friday, December 20th. Vistra’s dividend payout ratio (DPR) is currently 16.42%.

Institutional Trading of Vistra

Several large investors have recently bought and sold shares of VST. Redwood Wealth Management Group LLC purchased a new position in shares of Vistra in the 2nd quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Vistra during the third quarter valued at $30,000. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Vistra during the 3rd quarter valued at $30,000. New Covenant Trust Company N.A. purchased a new stake in shares of Vistra in the 1st quarter worth about $32,000. Finally, CVA Family Office LLC increased its stake in shares of Vistra by 1,505.9% in the 3rd quarter. CVA Family Office LLC now owns 273 shares of the company’s stock worth $32,000 after acquiring an additional 256 shares in the last quarter. 90.88% of the stock is owned by institutional investors.

About Vistra

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.