Vistra Corp. (NYSE:VST) Receives $228.56 Average PT from Brokerages

Shares of Vistra Corp. (NYSE:VST) have been given a consensus rating of “Buy” by the seventeen ratings firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $228.5625.

VST has been the subject of several recent research reports. JPMorgan Chase & Co. dropped their price objective on shares of Vistra from $240.00 to $231.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Weiss Ratings lowered shares of Vistra from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, August 13th. TD Cowen decreased their price target on shares of Vistra from $230.00 to $222.00 and set a “buy” rating for the company in a research report on Monday, July 27th. Jefferies Financial Group reaffirmed a “buy” rating and set a $190.00 price target on shares of Vistra in a research report on Thursday, May 21st. Finally, UBS Group lowered their price target on Vistra from $233.00 to $227.00 and set a “buy” rating for the company in a report on Tuesday, July 28th.

Vistra Stock Down 3.9%

Shares of NYSE:VST opened at $140.39 on Friday. The company has a debt-to-equity ratio of 5.87, a quick ratio of 0.87 and a current ratio of 0.97. Vistra has a 1 year low of $132.66 and a 1 year high of $219.82. The stock has a market capitalization of $47.12 billion, a P/E ratio of 23.71 and a beta of 1.41. The stock has a 50-day simple moving average of $154.02 and a 200-day simple moving average of $156.25.

Vistra (NYSE:VST) last posted its quarterly earnings results on Friday, August 7th. The company reported $0.76 EPS for the quarter, missing the consensus estimate of $1.61 by ($0.85). The business had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $5.46 billion. Vistra had a net margin of 11.55% and a return on equity of 108.68%. Equities analysts forecast that Vistra will post 9.23 earnings per share for the current year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be given a $0.23 dividend. The ex-dividend date of this dividend is Monday, September 21st. This is a positive change from Vistra’s previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a dividend yield of 0.7%. Vistra’s dividend payout ratio (DPR) is currently 15.54%.

Insider Buying and Selling

In related news, Director John R. Sult sold 6,500 shares of the business’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 transaction of $1,105,000.00. Following the transaction, the director directly owned 70,714 shares of the company’s stock, valued at approximately $12,021,380. The trade was a 8.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Scott B. Helm sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $160.00, for a total value of $4,000,000.00. Following the transaction, the director directly owned 232,200 shares in the company, valued at $37,152,000. This trade represents 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. Insiders have sold a total of 41,588 shares of company stock worth $6,739,227 in the last ninety days. 0.92% of the stock is owned by corporate insiders.

Institutional Trading of Vistra

A number of hedge funds have recently made changes to their positions in VST. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Vistra during the 4th quarter valued at $25,000. Mcguire Capital Advisors Inc. purchased a new stake in Vistra during the 4th quarter worth $28,000. Kemnay Advisory Services Inc. acquired a new position in Vistra in the 4th quarter worth $30,000. Strive Financial Group LLC acquired a new position in Vistra in the 4th quarter worth $33,000. Finally, Salomon & Ludwin LLC boosted its position in Vistra by 74.8% in the 4th quarter. Salomon & Ludwin LLC now owns 215 shares of the company’s stock valued at $35,000 after buying an additional 92 shares during the last quarter. 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.