Vistra Corp. (NYSE:VST) Receives Average Rating of “Buy” from Analysts

Vistra Corp. (NYSE:VSTGet Free Report) has received a consensus rating of “Buy” from the sixteen brokerages that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $230.3125.

A number of research firms recently commented on VST. JPMorgan Chase & Co. lowered their price objective on shares of Vistra from $240.00 to $231.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. 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. Weiss Ratings raised Vistra from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Sanford C. Bernstein set a $187.00 price target on Vistra and gave the stock an “outperform” rating in a report on Tuesday, June 16th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $210.00 price target on shares of Vistra in a research report on Wednesday, June 24th.

Check Out Our Latest Stock Report on VST

Insider Activity at Vistra

In other news, Director Scott B. Helm sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $160.00, for a total value of $4,000,000.00. Following the completion of the transaction, the director owned 232,200 shares in the company, valued at $37,152,000. This represents a 9.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Margaret Montemayor sold 4,600 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $160.00, for a total transaction of $736,000.00. Following the sale, the chief accounting officer directly owned 9,760 shares of the company’s stock, valued at $1,561,600. This represents a 32.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 41,588 shares of company stock valued at $6,739,227. Corporate insiders own 0.92% of the company’s stock.

Institutional Investors Weigh In On Vistra

Several institutional investors have recently added to or reduced their stakes in VST. Norges Bank bought a new stake in shares of Vistra in the fourth quarter worth $746,729,000. Payden & Rygel grew its position in Vistra by 3,118.2% in the fourth quarter. Payden & Rygel now owns 35,400 shares of the company’s stock valued at $5,711,000 after purchasing an additional 34,300 shares in the last quarter. Signature Estate & Investment Advisors LLC bought a new position in Vistra in the fourth quarter valued at $29,875,000. Legal & General Group Plc increased its stake in Vistra by 12.2% in the 4th quarter. Legal & General Group Plc now owns 1,768,694 shares of the company’s stock valued at $285,343,000 after buying an additional 192,274 shares during the last quarter. Finally, Intech Investment Management LLC increased its stake in Vistra by 34.4% in the 4th quarter. Intech Investment Management LLC now owns 188,921 shares of the company’s stock valued at $30,479,000 after buying an additional 48,378 shares during the last quarter. 90.88% of the stock is owned by institutional investors.

Vistra Stock Down 0.0%

Shares of NYSE:VST opened at $150.98 on Friday. The company has a 50 day moving average price of $154.37 and a two-hundred day moving average price of $158.92. The company has a debt-to-equity ratio of 5.51, a quick ratio of 0.79 and a current ratio of 0.90. The company has a market capitalization of $50.91 billion, a PE ratio of 25.29 and a beta of 1.40. Vistra has a 52 week low of $132.66 and a 52 week high of $219.82.

Vistra (NYSE:VSTGet Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $1.55. Vistra had a net margin of 11.52% and a return on equity of 105.64%. The company had revenue of $5.64 billion for the quarter, compared to analysts’ expectations of $5.22 billion. Analysts forecast that Vistra will post 9.52 earnings per share for the current year.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 22nd were paid a dividend of $0.229 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Monday, June 22nd. This is a positive change from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio (DPR) is currently 15.41%.

Vistra Company Profile

(Get Free Report)

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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Analyst Recommendations for Vistra (NYSE:VST)

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