Daiwa Capital Markets Initiates Coverage on Vistra (NYSE:VST)

Research analysts at Daiwa Capital Markets began coverage on shares of Vistra (NYSE:VST) in a research report issued to clients and investors on Wednesday, MarketBeat reports. The firm set a “neutral” rating and a $120.00 price target on the stock. Daiwa Capital Markets’ price target suggests a potential upside of 5.32% from the company’s current price.

Several other equities research analysts have also issued reports on the company. Bank of America upgraded Vistra from a “neutral” rating to a “buy” rating and reduced their price target for the company from $164.00 to $152.00 in a report on Tuesday. Morgan Stanley boosted their target price on Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. UBS Group boosted their target price on Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Evercore ISI assumed coverage on Vistra in a report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 target price for the company. Finally, BMO Capital Markets boosted their target price on Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $162.83.

Vistra Stock Down 10.2 %

Shares of Vistra stock opened at $113.94 on Wednesday. The firm has a market cap of $38.77 billion, a price-to-earnings ratio of 21.26, a P/E/G ratio of 1.12 and a beta of 1.21. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. Vistra has a 52-week low of $57.50 and a 52-week high of $199.84. The stock has a 50-day simple moving average of $159.13 and a 200-day simple moving average of $135.40.

Vistra declared that its Board of Directors has approved a share repurchase program on Thursday, November 7th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to repurchase up to 2.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Transactions at Vistra

In other news, Director Scott B. Helm sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $139.77, for a total transaction of $2,795,400.00. Following the sale, the director now directly owns 343,350 shares in the company, valued at approximately $47,990,029.50. The trade was a 5.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.42% of the company’s stock.

Institutional Trading of Vistra

Institutional investors and hedge funds have recently modified their holdings of the company. Pathway Financial Advisers LLC increased its position in shares of Vistra by 616.0% during the fourth quarter. Pathway Financial Advisers LLC now owns 179 shares of the company’s stock valued at $25,000 after purchasing an additional 154 shares during the period. Avior Wealth Management LLC increased its position in shares of Vistra by 56.5% during the fourth quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock valued at $25,000 after purchasing an additional 65 shares during the period. Founders Capital Management bought a new stake in shares of Vistra during the fourth quarter valued at approximately $28,000. West Branch Capital LLC bought a new stake in shares of Vistra during the fourth quarter valued at approximately $28,000. Finally, Comprehensive Financial Planning Inc. PA bought a new stake in shares of Vistra during the fourth quarter valued at approximately $28,000. 90.88% of the stock is currently owned by 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.