Vistra (NYSE:VST) Given New $150.00 Price Target at UBS Group

Vistra (NYSE:VST) had its target price decreased by UBS Group from $157.00 to $150.00 in a research note issued to investors on Tuesday morning, Benzinga reports. UBS Group currently has a buy rating on the stock.

Other research analysts also recently issued research reports about the stock. BMO Capital Markets restated an “outperform” rating and issued a $146.00 price target (up previously from $125.00) on shares of Vistra in a research report on Friday, October 4th. Morgan Stanley lifted their price objective on shares of Vistra from $110.00 to $132.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. Guggenheim lifted their price objective on shares of Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. assumed coverage on shares of Vistra in a research note on Thursday, October 17th. They issued an “overweight” rating and a $178.00 price objective for the company. Finally, Royal Bank of Canada lifted their price objective on shares of Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Vistra has a consensus rating of “Buy” and a consensus target price of $145.30.

Vistra Stock Down 1.2 %

NYSE:VST opened at $124.06 on Tuesday. The firm’s 50 day simple moving average is $104.43 and its 200 day simple moving average is $90.78. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.98 and a quick ratio of 0.88. Vistra has a one year low of $31.92 and a one year high of $143.87. The company has a market cap of $43.11 billion, a PE ratio of 76.11 and a beta of 1.10.

Vistra (NYSE:VST) last posted its earnings results on Thursday, August 8th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.69). Vistra had a return on equity of 21.05% and a net margin of 4.61%. The business had revenue of $3.85 billion for the quarter, compared to analyst estimates of $4.04 billion. During the same quarter in the prior year, the business earned $1.03 earnings per share. On average, research analysts anticipate that Vistra will post 4.73 earnings per share for the current year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 20th were issued a $0.2195 dividend. The ex-dividend date was Friday, September 20th. This represents a $0.88 annualized dividend and a yield of 0.71%. This is a boost from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is currently 53.37%.

Institutional Trading of Vistra

Several institutional investors and hedge funds have recently modified their holdings of the company. Terra Nova Asset Management LLC purchased a new position in shares of Vistra in the 3rd quarter worth $842,000. Czech National Bank raised its holdings in shares of Vistra by 12.4% in the third quarter. Czech National Bank now owns 69,987 shares of the company’s stock worth $8,296,000 after buying an additional 7,747 shares during the last quarter. Viking Fund Management LLC acquired a new stake in shares of Vistra in the third quarter worth $1,185,000. Atria Investments Inc acquired a new stake in Vistra during the first quarter valued at $1,675,000. Finally, M&R Capital Management Inc. grew its position in shares of Vistra by 38,929.0% in the third quarter. M&R Capital Management Inc. now owns 117,087 shares of the company’s stock valued at $13,879,000 after purchasing an additional 116,787 shares during the period. 90.88% of the stock is currently 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.