Shares of Vistra Corp. (NYSE:VST – Get Free Report) fell 2.9% during trading on Monday. The stock traded as low as $134.21 and last traded at $134.3710. 4,772,080 shares were traded during trading, a decline of 7% from the average session volume of 5,156,653 shares. The stock had previously closed at $138.37.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on VST. Siebert Williams Shank assumed coverage on shares of Vistra in a research report on Friday, October 2nd. They issued a “buy” rating and a $202.00 price target on the stock. Wells Fargo & Company dropped their target price on shares of Vistra from $212.00 to $198.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 28th. Scotiabank reduced their target price on Vistra from $207.00 to $189.00 and set a “sector outperform” rating for the company in a report on Wednesday, October 28th. TD Cowen reduced their price target on shares of Vistra from $222.00 to $221.00 and set a “buy” rating for the company in a research report on Wednesday, August 19th. Finally, Weiss Ratings downgraded shares of Vistra from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $202.43.
Get Our Latest Analysis on VST
Vistra Price Performance
The firm has a market cap of $45.10 billion, a price-to-earnings ratio of 22.70 and a beta of 1.38. 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 stock’s 50-day moving average price is $145.08 and its 200 day moving average price is $153.71.
Vistra (NYSE:VST – Get Free Report) last issued its earnings results on Friday, August 7th. The company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.85). The firm had revenue of $4.02 billion during the quarter, compared to analyst estimates of $5.46 billion. Vistra had a net margin of 11.55% and a return on equity of 108.68%. Equities research analysts predict that Vistra Corp. will post 9.13 earnings per share for the current year.
Vistra Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 22nd will be issued a dividend of $0.2310 per share. The ex-dividend date of this dividend is Tuesday, December 22nd. This represents a $0.92 dividend on an annualized basis and a yield of 0.7%. This is an increase from Vistra’s previous quarterly dividend of $0.23. Vistra’s payout ratio is currently 15.54%.
Insider Activity
In related news, EVP Scott A. Hudson sold 22,222 shares of the firm’s 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 completion of the sale, the executive vice president owned 308,915 shares of the company’s stock, valued at $49,469,648.10. This trade represents a 6.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO James Burke acquired 4,465 shares of Vistra stock in a transaction on Tuesday, September 1st. The shares were purchased at an average cost of $135.25 per share, for a total transaction of $603,891.25. Following the acquisition, the chief executive officer owned 1,146,352 shares in the company, valued at approximately $155,044,108. This represents a 0.39% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.92% of the company’s stock.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in VST. Premier Financial Group acquired a new stake in shares of Vistra during the 2nd quarter worth approximately $34,000. Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in Vistra during the 2nd quarter worth $37,000. Silicon Valley Capital Partners bought a new stake in shares of Vistra during the 2nd quarter valued at $39,000. Latitude Advisors LLC bought a new stake in shares of Vistra during the 3rd quarter valued at $42,000. Finally, Provenance Wealth Advisors LLC acquired a new position in shares of Vistra in the 3rd quarter valued at $43,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.
About Vistra
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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