Vistra (NYSE:VST) Given New $207.00 Price Target at UBS Group

Vistra (NYSE:VST) had its price target raised by UBS Group from $160.00 to $207.00 in a research note released on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other research analysts have also recently issued reports on VST. 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 research note on Friday, May 23rd. Daiwa America raised shares of Vistra to a “hold” rating in a research note on Wednesday, March 5th. Evercore ISI set a $192.00 price target on shares of Vistra and gave the stock an “outperform” rating in a research note on Thursday, May 15th. Bank of America upgraded shares of Vistra from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $164.00 to $152.00 in a report on Tuesday, March 4th. Finally, 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. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $176.31.

Vistra Stock Up 0.3%

VST stock opened at $177.80 on Tuesday. The stock has a market cap of $60.33 billion, a PE ratio of 27.96, a price-to-earnings-growth ratio of 2.27 and a beta of 1.22. The firm’s 50-day simple moving average is $145.69 and its 200 day simple moving average is $145.60. Vistra has a fifty-two week low of $66.50 and a fifty-two week high of $199.84. The company has a quick ratio of 0.77, a current ratio of 0.86 and a debt-to-equity ratio of 6.53.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th will be paid a dividend of $0.225 per share. The ex-dividend date is Wednesday, June 18th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. This represents a $0.90 annualized dividend and a dividend yield of 0.51%. Vistra’s dividend payout ratio (DPR) is currently 13.99%.

Insider Buying and Selling

In related news, EVP Stephanie Zapata Moore sold 35,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $161.44, for a total value of $5,650,400.00. Following the completion of the transaction, the executive vice president now owns 88,073 shares of the company’s stock, valued at approximately $14,218,505.12. This trade represents a 28.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Scott B. Helm sold 20,000 shares of Vistra stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $156.80, for a total transaction of $3,136,000.00. Following the transaction, the director now owns 325,192 shares in the company, valued at approximately $50,990,105.60. The trade was a 5.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 294,000 shares of company stock worth $47,461,490 in the last three months. 1.42% of the stock is currently owned by insiders.

Institutional Trading of Vistra

A number of hedge funds have recently modified their holdings of VST. Banque Transatlantique SA lifted its stake in Vistra by 132.0% in the 1st quarter. Banque Transatlantique SA now owns 232 shares of the company’s stock worth $25,000 after acquiring an additional 132 shares in the last quarter. HM Payson & Co. increased its holdings in shares of Vistra by 275.4% in the 1st quarter. HM Payson & Co. now owns 229 shares of the company’s stock valued at $27,000 after purchasing an additional 168 shares during the period. Tucker Asset Management LLC acquired a new position in shares of Vistra in the 4th quarter valued at about $28,000. Cherry Tree Wealth Management LLC lifted its position in shares of Vistra by 2,030.0% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 213 shares of the company’s stock worth $29,000 after purchasing an additional 203 shares in the last quarter. Finally, Ameriflex Group Inc. acquired a new stake in shares of Vistra during the fourth quarter worth approximately $32,000. 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.