Vistra (NYSE:VST) Trading Down 2.1% – What’s Next?

Vistra Corp. (NYSE:VST)’s stock price dropped 2.1% during trading on Monday . The company traded as low as $133.86 and last traded at $136.6830. Approximately 6,296,234 shares were traded during mid-day trading, an increase of 21% from the average daily volume of 5,184,683 shares. The stock had previously closed at $139.68.

Wall Street Analyst Weigh In

VST has been the subject of a number of research reports. The Goldman Sachs Group upgraded shares of Vistra from a “neutral” rating to a “buy” rating and set a $205.00 price target for the company in a report on Friday, February 6th. Raymond James Financial set a $208.00 price target on shares of Vistra in a report on Monday, April 27th. BMO Capital Markets restated an “outperform” rating and issued a $241.00 price target on shares of Vistra in a report on Monday, March 2nd. JPMorgan Chase & Co. reduced their price target on shares of Vistra from $240.00 to $231.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Finally, Wells Fargo & Company reduced their price target on shares of Vistra from $236.00 to $234.00 and set an “overweight” rating for the company in a report on Friday, February 27th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $233.93.

Vistra Price Performance

The stock has a market capitalization of $48.61 billion, a P/E ratio of 24.15, a price-to-earnings-growth ratio of 0.78 and a beta of 1.43. The business’s 50 day simple moving average is $155.24 and its two-hundred day simple moving average is $163.71. The company has a quick ratio of 0.79, a current ratio of 0.90 and a debt-to-equity ratio of 5.51.

Vistra (NYSE:VST) last released its quarterly earnings data on Thursday, May 7th. The company reported $2.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $1.55. Vistra had a net margin of 11.52% and a return on equity of 105.64%. The firm had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.22 billion. As a group, sell-side analysts forecast that Vistra Corp. will post 9.31 earnings per share for the current fiscal year.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd will be paid a $0.229 dividend. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, June 22nd. This represents a $0.92 dividend on an annualized basis and a yield of 0.6%. Vistra’s dividend payout ratio is currently 15.24%.

Insider Transactions at Vistra

In other Vistra news, EVP Stephanie Zapata Moore sold 10,000 shares of the company’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $160.31, for a total value of $1,603,100.00. Following the completion of the transaction, the executive vice president owned 114,409 shares in the company, valued at $18,340,906.79. This represents a 8.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.92% of the stock is owned by company insiders.

Institutional Trading of Vistra

Several hedge funds have recently added to or reduced their stakes in the stock. Bridgewater Advisors Inc. raised its position in Vistra by 3.1% in the third quarter. Bridgewater Advisors Inc. now owns 1,787 shares of the company’s stock worth $350,000 after acquiring an additional 53 shares during the period. Y.D. More Investments Ltd raised its position in Vistra by 7.1% in the third quarter. Y.D. More Investments Ltd now owns 916 shares of the company’s stock worth $168,000 after acquiring an additional 61 shares during the period. Equitable Holdings Inc. raised its position in Vistra by 0.9% in the third quarter. Equitable Holdings Inc. now owns 7,045 shares of the company’s stock worth $1,380,000 after acquiring an additional 61 shares during the period. Ballentine Partners LLC increased its stake in shares of Vistra by 2.0% in the third quarter. Ballentine Partners LLC now owns 3,275 shares of the company’s stock worth $642,000 after purchasing an additional 63 shares in the last quarter. Finally, SOA Wealth Advisors LLC. increased its stake in shares of Vistra by 21.7% in the fourth quarter. SOA Wealth Advisors LLC. now owns 365 shares of the company’s stock worth $59,000 after purchasing an additional 65 shares in the last quarter. Institutional investors own 90.88% of the company’s stock.

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.