Shares of Vistra Corp. (NYSE:VST – Get Free Report) dropped 1% during trading on Monday . The company traded as low as $145.21 and last traded at $146.58. 4,017,713 shares were traded during mid-day trading, a decline of 19% from the average daily volume of 4,954,758 shares. The stock had previously closed at $148.13.
Analysts Set New Price Targets
VST has been the subject of a number of analyst reports. Sanford C. Bernstein set a $187.00 target price on shares of Vistra and gave the company an “outperform” rating in a research report on Tuesday, June 16th. JPMorgan Chase & Co. cut their price target on shares of Vistra from $240.00 to $231.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. UBS Group reduced their price objective on shares of Vistra from $233.00 to $227.00 and set a “buy” rating for the company in a research note on Tuesday, July 28th. TD Cowen decreased their price objective on Vistra from $230.00 to $222.00 and set a “buy” rating for the company in a report on Monday, July 27th. Finally, Zacks Research raised Vistra from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Vistra has a consensus rating of “Buy” and an average target price of $228.56.
Read Our Latest Report on Vistra
Vistra Price Performance
Vistra (NYSE:VST – Get Free Report) last announced its quarterly earnings data 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 the consensus estimate of $5.46 billion. Vistra had a net margin of 11.55% and a return on equity of 108.68%. As a group, sell-side analysts expect that Vistra Corp. will post 9.23 EPS for the current fiscal year.
Vistra Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be paid a $0.23 dividend. This is an increase from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, September 21st. This represents a $0.92 annualized dividend and a yield of 0.6%. Vistra’s dividend payout ratio (DPR) is 15.54%.
Insiders Place Their Bets
In other Vistra news, Director John R. Sult sold 6,500 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $170.00, for a total value of $1,105,000.00. Following the sale, the director owned 70,714 shares in the company, valued at $12,021,380. This represents a 8.42% decrease in their ownership of the stock. The transaction was disclosed in a filing 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, Director Scott B. Helm sold 25,000 shares of the firm’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 sale, 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. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 41,588 shares of company stock worth $6,739,227. Company insiders own 0.92% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Empowered Funds LLC raised its stake in Vistra by 24.1% in the 1st quarter. Empowered Funds LLC now owns 20,190 shares of the company’s stock valued at $2,371,000 after acquiring an additional 3,920 shares during the period. Woodline Partners LP boosted its position in Vistra by 40.7% during the first quarter. Woodline Partners LP now owns 28,744 shares of the company’s stock worth $3,376,000 after purchasing an additional 8,312 shares during the period. Focus Partners Wealth boosted its position in Vistra by 37.3% during the first quarter. Focus Partners Wealth now owns 7,828 shares of the company’s stock worth $920,000 after purchasing an additional 2,125 shares during the period. Sivia Capital Partners LLC acquired a new position in shares of Vistra in the second quarter valued at $269,000. Finally, Slocum Gordon & Co LLP increased its holdings in shares of Vistra by 20.0% in the second quarter. Slocum Gordon & Co LLP now owns 1,200 shares of the company’s stock valued at $233,000 after purchasing an additional 200 shares during the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.
About Vistra
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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