Vistra Corp. (NYSE:VST) Stock Position Boosted by Fortitude Family Office LLC

Fortitude Family Office LLC raised its stake in shares of Vistra Corp. (NYSE:VST) by 125.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 360 shares of the company’s stock after buying an additional 200 shares during the period. Fortitude Family Office LLC’s holdings in Vistra were worth $43,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Vistra during the third quarter valued at approximately $30,000. CVA Family Office LLC boosted its stake in Vistra by 1,505.9% during the 3rd quarter. CVA Family Office LLC now owns 273 shares of the company’s stock valued at $32,000 after purchasing an additional 256 shares in the last quarter. Redwood Wealth Management Group LLC acquired a new position in shares of Vistra during the 2nd quarter valued at $26,000. ORG Wealth Partners LLC bought a new stake in shares of Vistra in the 3rd quarter worth $40,000. Finally, EdgeRock Capital LLC acquired a new stake in shares of Vistra in the second quarter valued at $34,000. 90.88% of the stock is currently owned by institutional investors.

Vistra Stock Performance

Shares of VST stock opened at $126.67 on Wednesday. The stock’s fifty day simple moving average is $106.31 and its 200-day simple moving average is $91.86. The company has a market capitalization of $44.01 billion, a price-to-earnings ratio of 77.71 and a beta of 1.10. The company has a current ratio of 0.98, a quick ratio of 0.88 and a debt-to-equity ratio of 2.89. Vistra Corp. has a 1-year low of $32.17 and a 1-year high of $143.87.

Vistra (NYSE:VST) last released its earnings results on Thursday, August 8th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.69). The business had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $4.04 billion. Vistra had a net margin of 4.61% and a return on equity of 21.05%. During the same period last year, the firm earned $1.03 EPS. On average, sell-side analysts predict that Vistra Corp. will post 4.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on VST. BMO Capital Markets lifted their target price on Vistra from $146.00 to $147.00 and gave the stock an “outperform” rating in a report on Tuesday. Morgan Stanley boosted their target price on shares of Vistra from $110.00 to $132.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. Jefferies Financial Group increased their target price on shares of Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Royal Bank of Canada lifted their price target on shares of Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Finally, UBS Group cut their price objective on Vistra from $157.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, October 22nd. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Vistra currently has an average rating of “Buy” and an average price target of $145.40.

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.