Vistra Corp. (NYSE:VST – Get Free Report) was down 2.4% during trading on Friday . The stock traded as low as $163.19 and last traded at $163.6940. Approximately 5,346,855 shares traded hands during mid-day trading, an increase of 4% from the average session volume of 5,121,398 shares. The stock had previously closed at $167.77.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on VST shares. Wells Fargo & Company lowered their price target on shares of Vistra from $236.00 to $234.00 and set an “overweight” rating for the company in a report on Friday, February 27th. TD Cowen cut their price target on shares of Vistra from $253.00 to $230.00 and set a “buy” rating on the stock in a report on Monday, May 4th. Morgan Stanley restated an “overweight” rating and issued a $210.00 price objective on shares of Vistra in a research report on Wednesday. JPMorgan Chase & Co. dropped their target price on shares of Vistra from $240.00 to $231.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $190.00 target price on shares of Vistra in a report on Thursday, May 21st. Two 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 stock. According to MarketBeat, Vistra has an average rating of “Buy” and a consensus target price of $230.31.
Check Out Our Latest Research Report on VST
Vistra Stock Performance
Vistra (NYSE:VST – Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported $2.87 earnings per share 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 analysts’ expectations of $5.22 billion. Vistra had a net margin of 11.52% and a return on equity of 105.64%. On average, equities analysts predict that Vistra Corp. will post 9.31 EPS for the current year.
Vistra Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd will be given a $0.229 dividend. The ex-dividend date of this dividend is Monday, June 22nd. This represents a $0.92 annualized dividend and a dividend yield of 0.6%. This is a positive change from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio is 15.24%.
Insider Activity at Vistra
In related news, Director Paul M. Barbas sold 244 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $153.00, for a total transaction of $37,332.00. Following the transaction, the director owned 53,006 shares in the company, valued at $8,109,918. The trade was a 0.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Scott B. Helm sold 25,000 shares of the stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $160.00, for a total transaction of $4,000,000.00. Following the completion of the transaction, the director directly owned 232,200 shares of the company’s stock, valued at approximately $37,152,000. The trade was a 9.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 41,588 shares of company stock worth $6,739,227. 0.92% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Vistra in the 4th quarter valued at approximately $746,729,000. Capital World Investors bought a new position in Vistra in the fourth quarter worth $574,499,000. Rubric Capital Management LP bought a new position in Vistra in the fourth quarter worth $322,660,000. Amundi raised its holdings in Vistra by 72.3% in the fourth quarter. Amundi now owns 1,949,568 shares of the company’s stock worth $314,524,000 after purchasing an additional 817,876 shares in the last quarter. Finally, Corient Private Wealth LLC lifted its position in Vistra by 585.0% during the fourth quarter. Corient Private Wealth LLC now owns 907,611 shares of the company’s stock valued at $146,425,000 after buying an additional 775,104 shares during the period. Institutional investors own 90.88% of the company’s stock.
Vistra Company Profile
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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