UBS Group Forecasts Strong Price Appreciation for Vistra (NYSE:VST) Stock

Vistra (NYSE:VST - Get Free Report) had its price objective hoisted by stock analysts at UBS Group from $160.00 to $207.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the stock. UBS Group's price objective would indicate a potential upside of 17.88% from the stock's previous close.

A number of other equities analysts have also issued reports on the company. Raymond James assumed coverage on Vistra in a report on Friday. They set a "strong-buy" rating and a $216.00 price target on the stock. JPMorgan Chase & Co. dropped their target price on Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. The Goldman Sachs Group increased their price target on Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Evercore ISI set a $192.00 price objective on shares of Vistra and gave the company an "outperform" rating in a research note on Thursday, May 15th. Finally, Bank of America upgraded shares of Vistra from a "neutral" rating to a "buy" rating and reduced their target price for the stock from $164.00 to $152.00 in a research note on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $176.31.

Vistra Price Performance

Vistra stock opened at $175.61 on Tuesday. The stock has a market cap of $59.59 billion, a P/E ratio of 33.39, a price-to-earnings-growth ratio of 1.12 and a beta of 1.22. The company has a fifty day simple moving average of $144.52 and a 200-day simple moving average of $145.37. 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 $66.50 and a 12-month high of $199.84.

Insider Activity at Vistra

In related news, EVP Carrie Lee Kirby sold 108,000 shares of Vistra stock in a transaction on Monday, May 19th. The stock was sold at an average price of $156.98, for a total value of $16,953,840.00. Following the transaction, the executive vice president now directly owns 218,239 shares in the company, valued at $34,259,158.22. The trade was a 33.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Scott B. Helm sold 20,000 shares of the company's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $156.80, for a total value of $3,136,000.00. Following the sale, the director now directly owns 325,192 shares of the company's stock, valued at approximately $50,990,105.60. This represents a 5.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 294,000 shares of company stock worth $47,461,490 over the last ninety days. 1.42% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Vistra

Institutional investors have recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Vistra in the fourth quarter worth $409,087,000. Massachusetts Financial Services Co. MA boosted its position in Vistra by 63.6% during the 4th 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 during the period. Capital International Investors acquired a new stake in Vistra during the 4th quarter worth about $286,414,000. Nuveen LLC purchased a new position in Vistra during the 1st quarter valued at about $209,149,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Vistra in the 4th quarter valued at about $237,441,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.