Vistra (NYSE:VST) Stock Rating Upgraded by Zacks Investment Research

Vistra (NYSE:VSTGet Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, Zacks.com reports. The brokerage presently has a $28.00 target price on the stock. Zacks Investment Research‘s price objective would suggest a potential upside of 11.42% from the stock’s current price.

According to Zacks, “Vistra Energy Corp. is an energy company. It offers electricity and power generation, distribution and transmission solutions. Vistra Energy Corp. is based in Dallas, United States. “

VST stock opened at $25.13 on Friday. The business has a 50 day moving average price of $23.19 and a 200 day moving average price of $21.78. The stock has a market cap of $11.08 billion, a price-to-earnings ratio of -9.38, a PEG ratio of 0.21 and a beta of 0.94. Vistra has a fifty-two week low of $15.47 and a fifty-two week high of $26.63. The company has a quick ratio of 1.24, a current ratio of 1.35 and a debt-to-equity ratio of 1.67.

Vistra (NYSE:VSTGet Rating) last posted its earnings results on Friday, February 25th. The company reported $1.45 earnings per share for the quarter, missing the consensus estimate of $3.14 by ($1.69). The business had revenue of $3.31 billion for the quarter, compared to analysts’ expectations of $4.66 billion. Vistra had a negative return on equity of 20.42% and a negative net margin of 10.55%. As a group, sell-side analysts anticipate that Vistra will post 1.98 EPS for the current year.

In other Vistra news, EVP Stephen J. Muscato sold 50,000 shares of Vistra stock in a transaction that occurred on Tuesday, March 1st. The stock was sold at an average price of $22.39, for a total transaction of $1,119,500.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.89% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Franklin Resources Inc. lifted its holdings in shares of Vistra by 8.1% during the third quarter. Franklin Resources Inc. now owns 13,637,662 shares of the company’s stock worth $233,204,000 after purchasing an additional 1,026,364 shares during the period. Mizuho Markets Americas LLC acquired a new stake in shares of Vistra in the 4th quarter worth $175,101,000. Goldman Sachs Group Inc. lifted its stake in shares of Vistra by 12.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 7,428,453 shares of the company’s stock worth $169,146,000 after acquiring an additional 809,543 shares during the period. Thompson Siegel & Walmsley LLC lifted its stake in shares of Vistra by 5.0% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 6,866,381 shares of the company’s stock worth $117,415,000 after acquiring an additional 327,349 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Vistra by 4.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 6,813,062 shares of the company’s stock worth $116,501,000 after acquiring an additional 280,995 shares during the period. 92.47% of the stock is currently owned by institutional investors.

About Vistra (Get Rating)

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 20 states in the United States and the District of Columbia.

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