Vistra (NYSE:VST) Stock Price Down 0.1% – What’s Next?

Shares of Vistra Corp. (NYSE:VST) traded down 0.1% during trading on Monday . The stock traded as low as $166.11 and last traded at $166.79. 2,174,649 shares were traded during trading, a decline of 77% from the average session volume of 9,619,196 shares. The stock had previously closed at $166.90.

Analyst Ratings Changes

VST has been the topic of several research analyst reports. Morgan Stanley increased their target price on shares of Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. JPMorgan Chase & Co. assumed coverage on Vistra in a research note on Thursday, October 17th. They issued an “overweight” rating and a $178.00 target price for the company. Evercore ISI began coverage on Vistra in a research note on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price target on the stock. Bank of America initiated coverage on Vistra in a report on Monday, January 27th. They issued a “neutral” rating and a $206.00 price target on the stock. Finally, UBS Group lifted their price target on shares of Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Vistra has an average rating of “Moderate Buy” and an average target price of $171.64.

Vistra Price Performance

The business has a 50 day moving average price of $157.97 and a two-hundred day moving average price of $127.57. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. The stock has a market cap of $56.65 billion, a PE ratio of 31.07, a P/E/G ratio of 1.17 and a beta of 1.22.

Vistra declared that its Board of Directors has authorized a share buyback program on Thursday, November 7th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 2.1% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Insider Activity at Vistra

In other Vistra news, Director Scott B. Helm sold 20,000 shares of the business’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $139.77, for a total value of $2,795,400.00. Following the sale, the director now directly owns 343,350 shares in the company, valued at $47,990,029.50. The trade was a 5.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Scott A. Hudson sold 115,000 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $164.16, for a total value of $18,878,400.00. Following the transaction, the executive vice president now owns 254,932 shares of the company’s stock, valued at $41,849,637.12. The trade was a 31.09 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 342,100 shares of company stock worth $55,087,314. 1.42% of the stock is owned by company insiders.

Hedge Funds Weigh In On Vistra

Several large investors have recently modified their holdings of the business. CWM LLC boosted its position in shares of Vistra by 26.8% in the third quarter. CWM LLC now owns 7,158 shares of the company’s stock valued at $849,000 after acquiring an additional 1,514 shares during the period. UMB Bank n.a. increased its holdings in shares of Vistra by 126.2% in the third quarter. UMB Bank n.a. now owns 414 shares of the company’s stock worth $49,000 after purchasing an additional 231 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Vistra by 113.4% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,100 shares of the company’s stock worth $249,000 after buying an additional 1,116 shares in the last quarter. Sound Income Strategies LLC bought a new stake in Vistra during the third quarter valued at $74,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in Vistra during the third quarter worth about $30,000. 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.