Vistra (NYSE:VST) Shares Up 3.8% – Here’s What Happened

Vistra Corp. (NYSE:VST – Get Free Report) shot up 3.8% during mid-day trading on Tuesday. The company traded as high as $142.40 and last traded at $139.6630. 5,847,253 shares traded hands during mid-day trading, an increase of 13% from the average session volume of 5,155,147 shares. The stock had previously closed at $134.61.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Mizuho assumed coverage on shares of Vistra in a research note on Monday, August 24th. They set an “outperform” rating and a $169.00 price objective for the company. Lake Street Capital set a $194.00 target price on shares of Vistra in a research report on Tuesday, October 27th. BMO Capital Markets cut their target price on shares of Vistra from $231.00 to $210.00 and set an “outperform” rating on the stock in a research note on Monday, October 5th. Canadian Imperial Bank of Commerce decreased their price target on shares of Vistra from $201.00 to $181.00 and set an “outperformer” rating for the company in a report on Wednesday, October 28th. Finally, HSBC began coverage on Vistra in a research note on Thursday, October 22nd. They issued a “buy” rating and a $190.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Vistra presently has an average rating of “Moderate Buy” and a consensus target price of $202.43.

Read Our Latest Report on Vistra

Vistra Stock Performance

The company has a debt-to-equity ratio of 5.87, a current ratio of 0.97 and a quick ratio of 0.87. The firm has a market cap of $46.88 billion, a P/E ratio of 23.59 and a beta of 1.38. The stock’s 50 day moving average is $145.03 and its two-hundred day moving average is $153.52.

Vistra (NYSE:VST – Get Free Report) last announced its quarterly 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 company had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $5.46 billion. As a group, equities analysts predict that Vistra Corp. will post 9.13 EPS for the current year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 22nd will be paid a dividend of $0.2310 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.7%. This is an increase from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Tuesday, December 22nd. Vistra’s payout ratio is currently 15.54%.

Insider Buying and Selling at Vistra

In other Vistra news, EVP Scott Hudson sold 22,222 shares of the business’s stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $160.14, for a total transaction of $3,558,631.08. Following the completion of the sale, the executive vice president directly owned 308,915 shares of the company’s stock, valued at approximately $49,469,648.10. The trade was a 6.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO James A. Burke acquired 4,465 shares of the business’s stock in a transaction that occurred on 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 completion of the acquisition, the chief executive officer directly owned 1,146,352 shares of the company’s stock, valued at $155,044,108. This trade represents a 0.39% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.92% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Vistra

Several institutional investors have recently modified their holdings of the business. Premier Financial Group acquired a new stake in shares of Vistra during the second quarter worth $34,000. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in Vistra in the 2nd quarter worth $37,000. Silicon Valley Capital Partners acquired a new position in Vistra in the 2nd quarter worth $39,000. Latitude Advisors LLC bought a new position in Vistra during the 3rd quarter worth about $42,000. Finally, Provenance Wealth Advisors LLC bought a new position in Vistra during the 3rd quarter worth about $43,000. Institutional investors own 90.88% of the company’s stock.

About Vistra

(Get Free Report)

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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