Shares of Vistra Corp. (NYSE:VST – Get Free Report) were up 4.9% during trading on Friday . The stock traded as high as $157.57 and last traded at $156.40. Approximately 7,820,868 shares were traded during mid-day trading, an increase of 49% from the average daily volume of 5,240,676 shares. The stock had previously closed at $149.08.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on VST shares. BMO Capital Markets reiterated an “outperform” rating and issued a $241.00 price target on shares of Vistra in a research report on Monday, March 2nd. Weiss Ratings upgraded shares of Vistra from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. The Goldman Sachs Group upgraded shares of Vistra from a “neutral” rating to a “buy” rating and set a $205.00 price target on the stock in a research report on Friday, February 6th. Morgan Stanley reiterated an “overweight” rating and issued a $212.00 price target on shares of Vistra in a research report on Thursday. Finally, JPMorgan Chase & Co. lowered their price target on shares of Vistra from $240.00 to $231.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Vistra currently has an average rating of “Buy” and an average price target of $233.33.
Check Out Our Latest Report on VST
Vistra Stock Up 4.9%
Vistra (NYSE:VST – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $1.55. The business had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.22 billion. Vistra had a net margin of 11.52% and a return on equity of 105.64%. As a group, equities research analysts expect that Vistra Corp. will post 9.31 earnings per share for the current fiscal year.
Vistra Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 22nd will be paid a dividend of $0.229 per share. The ex-dividend date of this dividend is Monday, June 22nd. This is a positive change from Vistra’s previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a dividend yield of 0.6%. Vistra’s payout ratio is currently 15.24%.
Insider Activity
In related news, EVP Stephanie Zapata Moore sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $160.31, for a total transaction of $1,603,100.00. Following the transaction, the executive vice president owned 114,409 shares of the company’s stock, valued at approximately $18,340,906.79. This represents a 8.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.92% of the company’s stock.
Hedge Funds Weigh In On Vistra
Several institutional investors and hedge funds have recently modified their holdings of VST. Bridgewater Advisors Inc. raised its stake in Vistra by 3.1% during the third quarter. Bridgewater Advisors Inc. now owns 1,787 shares of the company’s stock worth $350,000 after purchasing an additional 53 shares during the period. Y.D. More Investments Ltd raised its stake in Vistra by 7.1% during the third quarter. Y.D. More Investments Ltd now owns 916 shares of the company’s stock worth $168,000 after purchasing an additional 61 shares during the period. Equitable Holdings Inc. raised its stake in Vistra by 0.9% during the third quarter. Equitable Holdings Inc. now owns 7,045 shares of the company’s stock worth $1,380,000 after purchasing an additional 61 shares during the period. Ballentine Partners LLC raised its stake in Vistra by 2.0% during the third quarter. Ballentine Partners LLC now owns 3,275 shares of the company’s stock worth $642,000 after purchasing an additional 63 shares during the period. Finally, SOA Wealth Advisors LLC. raised its stake in Vistra by 21.7% during the fourth quarter. SOA Wealth Advisors LLC. now owns 365 shares of the company’s stock worth $59,000 after purchasing an additional 65 shares during the period. Hedge funds and other institutional investors own 90.88% of the company’s stock.
About Vistra
Vistra (NYSE: VST) is an integrated power company that develops, owns and operates electricity generation and retail businesses in the United States. The company’s operations span wholesale power production—through a diversified fleet of thermal and lower‑carbon generation assets—and retail electricity supply to residential, commercial and industrial customers. Vistra serves organized wholesale markets and competitive retail markets, with a notable presence in Texas and other regional U.S. power markets.
Vistra’s core activities include the ownership and operation of generation facilities, the commercial dispatch and optimization of those assets into wholesale markets, and the sale of electricity and related services to end-use customers through its retail brands.
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