Shares of Vistra Corp. (NYSE:VST – Get Free Report) were down 1.5% during trading on Thursday after Canadian Imperial Bank of Commerce lowered their price target on the stock from $201.00 to $181.00. Canadian Imperial Bank of Commerce currently has an outperformer rating on the stock. Vistra traded as low as $140.06 and last traded at $140.6350. Approximately 4,836,476 shares were traded during mid-day trading, a decline of 6% from the average daily volume of 5,156,977 shares. The stock had previously closed at $142.72.
A number of other analysts have also issued reports on the company. Raymond James Financial set a $176.00 price target on Vistra in a report on Wednesday, October 21st. TD Cowen lowered their target price on Vistra from $222.00 to $221.00 and set a “buy” rating for the company in a report on Wednesday, August 19th. Williams Trading set a $202.00 price objective on Vistra in a report on Friday, October 2nd. BNP Paribas Exane set a $255.00 price objective on shares of Vistra in a research note on Wednesday, August 19th. Finally, Siebert Williams Shank assumed coverage on shares of Vistra in a report on Friday, October 2nd. They set a “buy” rating and a $202.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $202.43.
View Our Latest Analysis on VST
Insider Activity at Vistra
In related news, EVP Scott A. Hudson sold 44,444 shares of Vistra stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $151.82, for a total transaction of $6,747,488.08. Following the sale, the executive vice president directly owned 331,137 shares in the company, valued at $50,273,219.34. The trade was a 11.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO James Burke acquired 4,465 shares of the company’s stock in a transaction dated Tuesday, September 1st. The stock was purchased at an average cost of $135.25 per share, for a total transaction of $603,891.25. Following the purchase, the chief executive officer directly owned 1,146,352 shares in the company, valued at approximately $155,044,108. This represents a 0.39% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.92% of the company’s stock.
Key Headlines Impacting Vistra
Here are the key news stories impacting Vistra this week:
- Positive Sentiment: Wells Fargo maintained an “overweight” rating and reduced its price target from $212 to $198, still implying roughly 39%–41% upside from recent trading levels. The firm’s bullish view suggests the selloff has created an attractive entry point. Vistra Stock Has Slumped for a Year: Why Wells Fargo Still Sees 39% Upside
- Positive Sentiment: Bank of America reaffirmed its buy rating, providing additional support for the long-term investment case despite recent weakness. Bank of America Securities Reaffirms Their Buy Rating on Vistra Corp
- Positive Sentiment: Trefis is examining whether Vistra can rally approximately 50% after the dip, reflecting potential upside from the company’s power-generation exposure and longer-term demand trends. Can Vistra Stock Rally 50% After This Dip?
Institutional Trading of Vistra
Institutional investors have recently added to or reduced their stakes in the business. Bank Julius Baer & Co. Ltd Zurich lifted its stake in shares of Vistra by 3.1% in the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 422,066 shares of the company’s stock valued at $58,563,000 after purchasing an additional 12,875 shares during the period. Nippon Life Global Investors Americas Inc. raised its holdings in shares of Vistra by 29.2% during the third quarter. Nippon Life Global Investors Americas Inc. now owns 156,890 shares of the company’s stock valued at $21,706,000 after purchasing an additional 35,460 shares during the period. Columbia Bank boosted its position in shares of Vistra by 8.0% during the 3rd quarter. Columbia Bank now owns 3,586 shares of the company’s stock worth $496,000 after purchasing an additional 265 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Vistra during the 3rd quarter worth about $28,833,000. Finally, Pilgrim Partners Asia Pte Ltd grew its stake in shares of Vistra by 56.9% in the 3rd quarter. Pilgrim Partners Asia Pte Ltd now owns 565 shares of the company’s stock valued at $78,000 after buying an additional 205 shares during the period. 90.88% of the stock is currently owned by institutional investors and hedge funds.
Vistra Stock Performance
The company has a debt-to-equity ratio of 5.87, a quick ratio of 0.87 and a current ratio of 0.97. The company has a 50 day moving average price of $145.13 and a 200 day moving average price of $154.01. The company has a market capitalization of $47.20 billion, a price-to-earnings ratio of 23.76 and a beta of 1.38.
Vistra (NYSE:VST – Get Free Report) last issued its earnings results on Friday, August 7th. The company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.85). The firm had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $5.46 billion. Vistra had a net margin of 11.55% and a return on equity of 108.68%. Equities research analysts predict that Vistra Corp. will post 9.13 earnings per share for the current fiscal year.
About Vistra
Vistra Corp. (NYSE: VST) is an integrated energy company based in Irving, Texas. The company operates across electricity generation, power distribution support, energy marketing and retail electricity sales, serving residential, commercial and industrial customers primarily in the United States.
Vistra owns and operates a diverse portfolio of power generation and energy storage facilities. Its assets include natural gas, nuclear, coal and renewable generation, as well as battery storage projects.
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