Vistra (NYSE:VST) Trading Down 1.2% – Here’s What Happened

Vistra Corp. (NYSE:VST)’s share price was down 1.2% during mid-day trading on Monday . The company traded as low as $146.38 and last traded at $146.9630. Approximately 3,310,210 shares were traded during mid-day trading, a decline of 36% from the average daily volume of 5,160,743 shares. The stock had previously closed at $148.76.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on VST shares. JPMorgan Chase & Co. reduced their price target on Vistra from $240.00 to $231.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Raymond James Financial set a $208.00 price target on Vistra in a report on Monday, April 27th. Wells Fargo & Company reduced their price target on Vistra from $236.00 to $234.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. BMO Capital Markets restated an “outperform” rating and set a $241.00 price target on shares of Vistra in a report on Monday, March 2nd. Finally, Morgan Stanley restated an “overweight” rating and set a $212.00 price target on shares of Vistra in a report on Thursday, May 21st. Two investment 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. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $233.33.

Vistra Stock Performance

The company has a market capitalization of $46.63 billion, a P/E ratio of 23.17 and a beta of 1.40. The company has a debt-to-equity ratio of 5.51, a current ratio of 0.90 and a quick ratio of 0.79. The company has a fifty day moving average price of $153.91 and a two-hundred day moving average price of $160.70.

Vistra (NYSE:VST) last posted its quarterly earnings data on Thursday, May 7th. The company reported $2.87 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $1.55. The company had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.22 billion. Vistra had a return on equity of 105.64% and a net margin of 11.52%. Equities analysts forecast that Vistra Corp. will post 9.3 earnings per share for the current fiscal year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 22nd will be paid a $0.229 dividend. This is an increase from Vistra’s previous quarterly dividend of $0.23. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, June 22nd. Vistra’s payout ratio is presently 15.24%.

Insider Activity at Vistra

In related news, CAO Margaret Montemayor sold 5,000 shares of Vistra stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $164.96, for a total value of $824,800.00. Following the transaction, the chief accounting officer directly owned 14,360 shares of the company’s stock, valued at $2,368,825.60. The trade was a 25.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.92% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Vistra

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Vistra in the fourth quarter worth approximately $25,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in shares of Vistra in the third quarter worth approximately $28,000. Mcguire Capital Advisors Inc. acquired a new position in shares of Vistra in the fourth quarter worth approximately $28,000. Kemnay Advisory Services Inc. acquired a new position in Vistra in the fourth quarter valued at approximately $30,000. Finally, Strive Financial Group LLC acquired a new position in Vistra in the fourth quarter valued at approximately $33,000. 90.88% of the stock is owned by institutional investors and hedge funds.

Vistra Company Profile

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.