Vistra (NYSE:VST) Stock Gets Price Target Reduction from Wells Fargo & Company

Vistra (NYSE:VST) had its price objective lowered by stock analysts at Wells Fargo & Company from $212.00 to $198.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 37.95% from the company’s previous close.

A number of other analysts have also commented on VST. Canadian Imperial Bank of Commerce began coverage on Vistra in a research note on Thursday, October 15th. They set an “outperform” rating and a $201.00 price objective on the stock. TD Cowen cut their target price on shares of Vistra from $222.00 to $221.00 and set a “buy” rating for the company in a research note on Wednesday, August 19th. The Goldman Sachs Group set a $206.00 target price on shares of Vistra in a research note on Wednesday, August 12th. Lake Street Capital set a $194.00 target price on shares of Vistra in a report on Tuesday. Finally, HSBC started coverage on shares of Vistra in a research note on Thursday, October 22nd. They set a “buy” rating and a $190.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Vistra presently has an average rating of “Moderate Buy” and a consensus price target of $208.57.

Vistra Stock Performance

Shares of NYSE:VST traded down $3.13 on Wednesday, reaching $143.53. 1,215,897 shares of the company were exchanged, compared to its average volume of 5,136,765. Vistra has a 1-year low of $132.66 and a 1-year high of $200.73. The company has a 50-day moving average of $145.08 and a 200-day moving average of $154.05.

Vistra (NYSE:VST) last issued its quarterly earnings data on Friday, August 7th. The company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by ($0.85). The company had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $5.46 billion. Analysts expect that Vistra will post 9.13 earnings per share for the current fiscal year.

Insider Activity at Vistra

In other news, EVP Scott A. Hudson sold 22,222 shares of the company’s stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $160.14, for a total value of $3,558,631.08. Following the completion of the transaction, the executive vice president directly owned 308,915 shares in the company, valued at approximately $49,469,648.10. This represents a 6.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO James Burke purchased 4,465 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The stock was bought at an average cost of $135.25 per share, for a total transaction of $603,891.25. Following the completion of the acquisition, the chief executive officer directly owned 1,146,352 shares of the company’s stock, valued at $155,044,108. This represents a 0.39% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.92% of the stock is owned by insiders.

Hedge Funds Weigh In On Vistra

Hedge funds have recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Vistra in the 2nd quarter worth approximately $4,610,496,000. Bank of America Corp DE acquired a new stake in shares of Vistra during the 2nd quarter valued at approximately $468,354,000. Bank of New York Mellon Corp acquired a new stake in shares of Vistra during the 2nd quarter valued at approximately $381,938,000. Jupiter Topco LLC bought a new position in Vistra during the second quarter worth $262,169,000. Finally, Deutsche Bank AG bought a new position in Vistra during the second quarter worth $138,267,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

About Vistra

Vistra Corp. (NYSE: VST) is an integrated energy company based in Irving, Texas. The company operates across electricity generation, power distribution support, energy marketing and retail electricity sales, serving residential, commercial and industrial customers primarily in the United States.

Vistra owns and operates a diverse portfolio of power generation and energy storage facilities. Its assets include natural gas, nuclear, coal and renewable generation, as well as battery storage projects.