JPMorgan Chase & Co. Has Lowered Expectations for Vistra (NYSE:VST) Stock Price

Vistra (NYSE:VST) had its target price decreased by JPMorgan Chase & Co. from $203.00 to $186.00 in a report published on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Several other research firms have also issued reports on VST. BMO Capital Markets increased their price objective on Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Daiwa America raised shares of Vistra to a “hold” rating in a report on Wednesday, March 5th. Daiwa Capital Markets began coverage on shares of Vistra in a report on Wednesday, March 5th. They set a “neutral” rating and a $120.00 price target for the company. UBS Group boosted their price target on shares of Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Finally, Bank of America raised shares of Vistra from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $164.00 to $152.00 in a report on Tuesday, March 4th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Vistra presently has an average rating of “Moderate Buy” and an average target price of $163.50.

Vistra Trading Down 0.2 %

Shares of VST opened at $119.05 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. The stock has a market cap of $40.49 billion, a PE ratio of 22.21, a PEG ratio of 1.12 and a beta of 1.21. Vistra has a 1 year low of $64.26 and a 1 year high of $199.84. The stock has a 50 day simple moving average of $147.39 and a 200-day simple moving average of $140.83.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 20th will be paid a dividend of $0.2235 per share. This is a boost from Vistra’s previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Thursday, March 20th. Vistra’s dividend payout ratio is 12.62%.

Insider Activity at Vistra

In other Vistra news, Director Paul M. Barbas sold 24,136 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 51,063 shares in the company, valued at approximately $6,341,513.97. This represents a 32.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John William Pitesa purchased 1,500 shares of the stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average price of $126.75 per share, with a total value of $190,125.00. Following the transaction, the director now owns 3,467 shares in the company, valued at $439,442.25. This trade represents a 76.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.42% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Vistra

Hedge funds and other institutional investors have recently bought and sold shares of the business. Peregrine Asset Advisers Inc. increased its holdings in Vistra by 3.2% in the fourth quarter. Peregrine Asset Advisers Inc. now owns 2,064 shares of the company’s stock valued at $285,000 after purchasing an additional 64 shares during the last quarter. Avior Wealth Management LLC grew its position in shares of Vistra by 56.5% during the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock worth $25,000 after buying an additional 65 shares during the period. Galvin Gaustad & Stein LLC increased its stake in shares of Vistra by 3.6% in the 4th quarter. Galvin Gaustad & Stein LLC now owns 2,077 shares of the company’s stock valued at $286,000 after acquiring an additional 73 shares during the last quarter. Paloma Partners Management Co raised its position in shares of Vistra by 1.0% in the 4th quarter. Paloma Partners Management Co now owns 8,000 shares of the company’s stock valued at $1,103,000 after acquiring an additional 81 shares during the period. Finally, Csenge Advisory Group boosted its stake in Vistra by 1.7% during the 4th quarter. Csenge Advisory Group now owns 5,096 shares of the company’s stock worth $703,000 after acquiring an additional 83 shares during the last quarter. 90.88% of the stock is 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.