Vistra Maintains $210 Price Target as $6.3B Share Buyback Continues
VST•Morgan Stanley reiterated an Overweight rating for Vistra Corp., maintaining a $210 price target after the slight cut from $212. Vistra has repurchased $6.30 billion of shares since November 2021, with $1.50 billion remaining under its buyback program and Q1 adjusted EBITDA of $1.49 billion supporting cash flow.
1. Analyst Rating and Price Target
Morgan Stanley has maintained an Overweight rating on Vistra Corp. while trimming its price target to $210 from $212, signaling confidence in the company’s ability to outperform sector peers.
2. Share Buyback Program
Since November 2021, Vistra has repurchased $6.30 billion of its shares, with $1.50 billion still available under the current authorization. This program aims to reduce share count, boost earnings per share and enhance shareholder value.
3. Financial Performance and Growth Strategy
Vistra generated a first-quarter adjusted EBITDA of $1.49 billion, driven by strong operational cash flow. The company is also expanding into nuclear, solar and energy storage segments to diversify revenue streams and capture high-growth market opportunities.
