Vistra (NYSE:VST) Trading Up 2.9% – Here’s What Happened

Vistra Corp. (NYSE:VST) was up 2.9% during mid-day trading on Monday . The company traded as high as $152.75 and last traded at $151.9620. Approximately 5,356,275 shares were traded during trading, an increase of 4% from the average daily volume of 5,140,265 shares. The stock had previously closed at $147.72.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on VST. JPMorgan Chase & Co. dropped their price objective on shares of Vistra from $240.00 to $231.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Morgan Stanley reissued an “overweight” rating and issued a $208.00 price objective on shares of Vistra in a report on Tuesday, April 21st. TD Cowen dropped their price objective on shares of Vistra from $253.00 to $230.00 and set a “buy” rating on the stock in a report on Monday, May 4th. UBS Group raised their price objective on shares of Vistra from $230.00 to $233.00 and gave the stock a “buy” rating in a report on Monday, January 12th. Finally, Jefferies Financial Group raised shares of Vistra from a “hold” rating to a “buy” rating and raised their price objective for the stock from $191.00 to $203.00 in a report on Tuesday, February 10th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Vistra presently has an average rating of “Buy” and an average price target of $233.93.

Vistra Price Performance

The company has a quick ratio of 0.69, a current ratio of 0.78 and a debt-to-equity ratio of 6.01. The firm has a market cap of $51.45 billion, a PE ratio of 25.45, a P/E/G ratio of 0.85 and a beta of 1.43. The firm’s fifty day simple moving average is $159.25 and its two-hundred day simple moving average is $166.57.

Vistra (NYSE:VST) last issued its quarterly earnings results on Thursday, May 7th. The company reported $2.87 earnings per share for the quarter, beating the consensus estimate of $1.32 by $1.55. Vistra had a net margin of 11.52% and a return on equity of 111.30%. The business had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.22 billion. As a group, research analysts expect that Vistra Corp. will post 9.16 EPS for the current year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd will be issued a $0.229 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.6%. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Monday, June 22nd. Vistra’s payout ratio is presently 15.24%.

Insider Activity at Vistra

In other news, EVP Stephanie Zapata Moore sold 10,000 shares of the business’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $160.31, for a total value of $1,603,100.00. Following the transaction, the executive vice president owned 114,409 shares of the company’s stock, valued at approximately $18,340,906.79. The trade was a 8.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.92% of the company’s stock.

Hedge Funds Weigh In On Vistra

Several hedge funds have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd bought a new stake in Vistra in the third quarter worth $1,445,000. Teamwork Financial Advisors LLC increased its position in Vistra by 39.9% in the fourth quarter. Teamwork Financial Advisors LLC now owns 78,855 shares of the company’s stock worth $12,722,000 after purchasing an additional 22,492 shares during the last quarter. CIBC Bancorp USA Inc. bought a new stake in Vistra in the third quarter worth $8,755,000. Envestnet Asset Management Inc. increased its position in Vistra by 49.2% in the third quarter. Envestnet Asset Management Inc. now owns 371,497 shares of the company’s stock worth $72,784,000 after purchasing an additional 122,545 shares during the last quarter. Finally, Fisher Funds Management LTD bought a new stake in Vistra in the third quarter worth $1,241,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

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.