Vistra Corp. (NYSE:VST) Receives $233.33 Consensus Target Price from Analysts

Shares of Vistra Corp. (NYSE:VST) have earned an average recommendation of “Buy” from the sixteen ratings firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, thirteen have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $233.3333.

Several brokerages have recently issued reports on VST. JPMorgan Chase & Co. lowered their price objective on shares of Vistra from $240.00 to $231.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Wells Fargo & Company lowered their price objective on shares of Vistra from $236.00 to $234.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. Jefferies Financial Group reissued a “buy” rating and set a $190.00 price objective on shares of Vistra in a research note on Thursday, May 21st. Morgan Stanley reaffirmed an “overweight” rating and set a $212.00 price target on shares of Vistra in a research report on Thursday, May 21st. Finally, TD Cowen decreased their price target on shares of Vistra from $253.00 to $230.00 and set a “buy” rating for the company in a research report on Monday, May 4th.

Insider Activity

In other Vistra news, CAO Margaret Montemayor sold 5,000 shares of the firm’s stock in a transaction dated 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. This trade represents a 25.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Stephanie Zapata Moore sold 10,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 114,409 shares in the company, valued at $18,340,906.79. This trade represents a 8.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 19,600 shares of company stock worth $3,163,900 over the last three months. 0.92% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Payden & Rygel raised its position in shares of Vistra by 3,118.2% in the 4th quarter. Payden & Rygel now owns 35,400 shares of the company’s stock valued at $5,711,000 after purchasing an additional 34,300 shares in the last quarter. Norges Bank acquired a new position in Vistra during the 4th quarter worth $746,729,000. Signature Estate & Investment Advisors LLC acquired a new position in Vistra during the 4th quarter worth $29,875,000. Legal & General Group Plc grew its holdings in Vistra by 12.2% during the 4th quarter. Legal & General Group Plc now owns 1,768,694 shares of the company’s stock worth $285,343,000 after acquiring an additional 192,274 shares in the last quarter. Finally, Intech Investment Management LLC grew its holdings in Vistra by 34.4% during the 4th quarter. Intech Investment Management LLC now owns 188,921 shares of the company’s stock worth $30,479,000 after acquiring an additional 48,378 shares in the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Vistra Stock Down 3.2%

Shares of NYSE VST opened at $148.72 on Tuesday. Vistra has a 52-week low of $132.66 and a 52-week high of $219.82. The firm has a fifty day moving average of $154.21 and a 200-day moving average of $161.22. The stock has a market capitalization of $50.15 billion, a PE ratio of 24.91 and a beta of 1.40. 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 announced its quarterly earnings data on Thursday, May 7th. The company reported $2.87 earnings per share (EPS) 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 105.64%. The company had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.22 billion. On average, analysts anticipate that Vistra will post 9.3 EPS for the current year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd will be given a $0.229 dividend. This represents a $0.92 annualized dividend and a 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 dividend payout ratio is 15.24%.

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.