Vistra Corp. (NYSE:VST – Get Free Report) was down 1.5% during trading on Monday. The stock traded as low as $145.85 and last traded at $149.7090. 4,264,808 shares traded hands during mid-day trading, a decline of 17% from the average session volume of 5,130,907 shares. The stock had previously closed at $152.02.
Analyst Ratings Changes
A number of equities analysts have weighed in on the company. Sanford C. Bernstein reissued an “outperform” rating and issued a $181.00 target price on shares of Vistra in a research report on Thursday, October 1st. Wells Fargo & Company reaffirmed an “overweight” rating and set a $212.00 price target on shares of Vistra in a report on Monday, August 10th. Morgan Stanley lifted their price target on shares of Vistra from $212.00 to $227.00 and gave the stock an “overweight” rating in a research note on Friday, August 21st. Mizuho began coverage on shares of Vistra in a research note on Monday, August 24th. They issued an “outperform” rating and a $169.00 price target for the company. Finally, TD Cowen decreased their price objective on shares of Vistra from $222.00 to $221.00 and set a “buy” rating for the company in a report on Wednesday, August 19th. Sixteen research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Vistra currently has an average rating of “Moderate Buy” and an average target price of $216.74.
Read Our Latest Analysis on VST
Vistra Stock Down 1.5%
The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 5.87. The company has a market cap of $50.25 billion, a P/E ratio of 25.29 and a beta of 1.38. The company has a fifty day moving average of $145.07 and a 200 day moving average of $151.31.
Vistra (NYSE:VST – Get Free Report) last posted its earnings results on Friday, August 7th. The company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.85). Vistra had a net margin of 11.55% and a return on equity of 108.68%. The firm had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $5.46 billion. On average, research analysts anticipate that Vistra Corp. will post 9.04 earnings per share for the current fiscal year.
Vistra Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st were paid a dividend of $0.23 per share. The ex-dividend date was Monday, September 21st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.6%. This is an increase from Vistra’s previous quarterly dividend of $0.2290. Vistra’s dividend payout ratio is presently 15.54%.
Insider Activity
In other news, EVP Scott Hudson sold 22,222 shares of the stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $160.14, for a total value of $3,558,631.08. Following the transaction, the executive vice president owned 308,915 shares in the company, valued at $49,469,648.10. This represents a 6.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO James A. Burke acquired 4,465 shares of the stock in a transaction dated Tuesday, September 1st. The stock was acquired at an average price of $135.25 per share, for a total transaction of $603,891.25. Following the purchase, the chief executive officer directly owned 1,146,352 shares in the company, valued at approximately $155,044,108. This trade represents a 0.39% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.92% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in Vistra in the 2nd quarter worth $4,610,496,000. Envestnet Asset Management Inc. lifted its position in Vistra by 16.1% during the second quarter. Envestnet Asset Management Inc. now owns 258,337 shares of the company’s stock valued at $40,979,000 after purchasing an additional 35,862 shares in the last quarter. Fifth Third Bancorp grew its holdings in Vistra by 95.1% during the first quarter. Fifth Third Bancorp now owns 177,199 shares of the company’s stock valued at $26,638,000 after purchasing an additional 86,393 shares during the period. Wealth High Governance Capital Ltda bought a new stake in Vistra during the first quarter valued at about $10,543,000. Finally, Lazard Asset Management LLC grew its holdings in Vistra by 353.5% during the first quarter. Lazard Asset Management LLC now owns 11,690 shares of the company’s stock valued at $1,757,000 after purchasing an additional 9,112 shares during the period. 90.88% of the stock is currently owned by institutional investors.
Vistra Company Profile
Vistra Corp. (NYSE: VST) is an integrated energy company based in Irving, Texas. The company operates across electricity generation, power distribution support, energy marketing and retail electricity sales, serving residential, commercial and industrial customers primarily in the United States.
Vistra owns and operates a diverse portfolio of power generation and energy storage facilities. Its assets include natural gas, nuclear, coal and renewable generation, as well as battery storage projects.
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