Morgan Stanley Issues Positive Forecast for Vistra (NYSE:VST) Stock Price

Vistra (NYSE:VST) had its price target raised by stock analysts at Morgan Stanley from $135.00 to $169.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Morgan Stanley’s price target suggests a potential upside of 4.46% from the company’s current price.

A number of other brokerages also recently issued reports on VST. Jefferies Financial Group increased their price target on shares of Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. JPMorgan Chase & Co. initiated coverage on shares of Vistra in a report on Thursday, October 17th. They issued an “overweight” rating and a $178.00 price target for the company. Royal Bank of Canada boosted their price target on shares of Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Guggenheim increased their price objective on Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Finally, BNP Paribas began coverage on Vistra in a research report on Monday, October 14th. They set an “outperform” rating and a $231.00 target price for the company. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $149.10.

Vistra Stock Performance

Shares of Vistra stock traded down $4.82 during trading hours on Friday, reaching $161.79. The company had a trading volume of 4,025,474 shares, compared to its average volume of 6,883,554. The firm has a market cap of $55.05 billion, a PE ratio of 30.19, a price-to-earnings-growth ratio of 1.99 and a beta of 1.09. Vistra has a one year low of $34.61 and a one year high of $168.67. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. The business has a fifty day simple moving average of $125.72 and a 200 day simple moving average of $99.36.

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

Institutional Trading of Vistra

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Mark Sheptoff Financial Planning LLC purchased a new position in Vistra in the third quarter worth about $30,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Vistra in the 3rd quarter worth approximately $30,000. CVA Family Office LLC lifted its position in Vistra by 1,505.9% in the 3rd quarter. CVA Family Office LLC now owns 273 shares of the company’s stock valued at $32,000 after acquiring an additional 256 shares in the last quarter. RPg Family Wealth Advisory LLC purchased a new stake in Vistra during the 3rd quarter valued at $36,000. Finally, Redwood Wealth Management Group LLC bought a new stake in shares of Vistra in the 2nd quarter worth $26,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

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.