Vistra (NYSE:VST) Now Covered by TD Cowen

Key Points

• TD Cowen has initiated coverage on Vistra (NYSE: VST) with a "buy" rating and a price target of $250.00, indicating an 18.51% potential upside from its previous close.
• Several analysts have recently raised their price targets for Vistra, with UBS setting it at $230.00 and Morgan Stanley at $223.00, while the consensus rating remains a solid "Buy".
• Vistra reported earnings of $1.01 per share, which missed the consensus estimate of $1.63, with revenue of $4.25 billion against an expected $5.15 billion.

Stock analysts at TD Cowen began coverage on shares of Vistra (NYSE:VST - Get Free Report) in a research note issued to investors on Thursday, Marketbeat reports. The firm set a "buy" rating and a $250.00 price target on the stock. TD Cowen's price objective points to a potential upside of 18.51% from the company's previous close.

Other research analysts have also recently issued reports about the company. UBS Group boosted their price target on Vistra from $207.00 to $230.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Morgan Stanley boosted their target price on Vistra from $207.00 to $223.00 and gave the company an "overweight" rating in a research report on Thursday, September 25th. Cowen started coverage on Vistra in a research report on Wednesday. They issued a "buy" rating on the stock. JPMorgan Chase & Co. upped their price objective on Vistra from $227.00 to $248.00 and gave the company an "overweight" rating in a research report on Wednesday, September 24th. Finally, Daiwa America upgraded Vistra from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 17th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $229.31.

Vistra Stock Performance

Shares of Vistra stock opened at $210.96 on Thursday. Vistra has a 12 month low of $90.51 and a 12 month high of $219.82. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 6.58. The business has a fifty day simple moving average of $200.50 and a two-hundred day simple moving average of $174.32. The firm has a market capitalization of $71.48 billion, a P/E ratio of 33.65, a P/E/G ratio of 3.05 and a beta of 1.33.

Vistra (NYSE:VST - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($0.62). Vistra had a net margin of 12.90% and a return on equity of 108.41%. The company had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $5.15 billion. On average, equities analysts forecast that Vistra will post 7 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO James A. Burke sold 21,370 shares of the company's stock in a transaction dated Tuesday, October 14th. The stock was sold at an average price of $205.58, for a total transaction of $4,393,244.60. Following the completion of the transaction, the chief executive officer directly owned 277,315 shares of the company's stock, valued at approximately $57,010,417.70. This represents a 7.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders sold 547,510 shares of company stock worth $112,585,800. 1.42% of the stock is owned by corporate insiders.

Institutional Trading of Vistra

A number of hedge funds have recently added to or reduced their stakes in the stock. Bridgewater Advisors Inc. lifted its holdings in shares of Vistra by 4.0% in the 2nd quarter. Bridgewater Advisors Inc. now owns 1,734 shares of the company's stock valued at $333,000 after buying an additional 67 shares during the period. Verdence Capital Advisors LLC grew its position in shares of Vistra by 2.2% in the second quarter. Verdence Capital Advisors LLC now owns 3,256 shares of the company's stock valued at $631,000 after purchasing an additional 71 shares during the period. Fogel Capital Management Inc. grew its position in shares of Vistra by 0.9% in the second quarter. Fogel Capital Management Inc. now owns 7,897 shares of the company's stock valued at $1,531,000 after purchasing an additional 72 shares during the period. Red Mountain Financial LLC grew its position in Vistra by 3.1% during the second quarter. Red Mountain Financial LLC now owns 2,435 shares of the company's stock valued at $472,000 after acquiring an additional 74 shares during the period. Finally, Parallel Advisors LLC grew its position in Vistra by 3.1% during the second quarter. Parallel Advisors LLC now owns 2,528 shares of the company's stock valued at $490,000 after acquiring an additional 75 shares during the period. 90.88% of the stock is owned by institutional investors and hedge funds.

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.

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