Vistra (NYSE:VST) Coverage Initiated at The Goldman Sachs Group

The Goldman Sachs Group assumed coverage on shares of Vistra (NYSE:VST) in a report released on Friday, Marketbeat Ratings reports. The brokerage set a “neutral” rating and a $134.00 price target on the stock. The Goldman Sachs Group’s price objective points to a potential upside of 37.07% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. Daiwa Capital Markets initiated coverage on Vistra in a report on Wednesday, March 5th. They issued a “neutral” rating and a $120.00 price target for the company. UBS Group increased their price target on Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Bank of America upgraded shares of Vistra from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $164.00 to $152.00 in a research note on Tuesday, March 4th. Evercore ISI began coverage on shares of Vistra in a research note on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price objective on the stock. Finally, JPMorgan Chase & Co. cut their target price on shares of Vistra from $203.00 to $186.00 and set an “overweight” rating on the stock in a research note on Friday, March 28th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $161.23.

Vistra Stock Down 9.7 %

Shares of NYSE VST opened at $97.76 on Friday. The stock has a fifty day moving average price of $140.32 and a 200 day moving average price of $141.42. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. Vistra has a 12-month low of $64.26 and a 12-month high of $199.84. The company has a market cap of $33.25 billion, a P/E ratio of 18.24, a P/E/G ratio of 1.12 and a beta of 1.21.

Insider Activity at Vistra

In related news, Director Paul M. Barbas sold 24,136 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $124.19, for a total transaction of $2,997,449.84. Following the completion of the sale, the director now directly owns 51,063 shares of the company’s stock, valued at $6,341,513.97. This represents a 32.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John William Pitesa purchased 1,500 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was acquired at an average price of $126.75 per share, for a total transaction of $190,125.00. Following the transaction, the director now owns 3,467 shares of the company’s stock, valued at $439,442.25. The trade was a 76.26 % increase in their position. The disclosure for this purchase can be found here. 1.42% of the stock is owned by insiders.

Hedge Funds Weigh In On Vistra

A number of hedge funds have recently modified their holdings of VST. State Street Corp boosted its position in shares of Vistra by 6.8% in the 3rd quarter. State Street Corp now owns 16,355,255 shares of the company’s stock valued at $1,938,752,000 after purchasing an additional 1,037,402 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Vistra by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 8,539,243 shares of the company’s stock worth $1,174,326,000 after buying an additional 219,055 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Vistra by 63.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,260,363 shares of the company’s stock worth $863,116,000 after acquiring an additional 2,433,732 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Vistra by 10.9% during the fourth quarter. Northern Trust Corp now owns 3,026,484 shares of the company’s stock valued at $417,261,000 after acquiring an additional 296,714 shares during the period. Finally, Norges Bank acquired a new stake in shares of Vistra in the fourth quarter worth $409,087,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

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.