Vistra Corp. (NYSE:VST) Receives $230.62 Average Price Target from Analysts

Shares of Vistra Corp. (NYSE:VST) have been given a consensus rating of “Buy” by the seventeen research firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $230.6250.

A number of analysts have recently weighed in on the stock. Seaport Research Partners reiterated a “buy” rating and issued a $230.00 price objective on shares of Vistra in a research note on Monday, June 15th. Morgan Stanley reaffirmed an “overweight” rating on shares of Vistra in a report on Wednesday. Weiss Ratings lowered Vistra from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, July 16th. TD Cowen dropped their target price on Vistra from $253.00 to $230.00 and set a “buy” rating on the stock in a research report on Monday, May 4th. Finally, Sanford C. Bernstein set a $187.00 price target on shares of Vistra and gave the company an “outperform” rating in a research note on Tuesday, June 16th.

Insider Buying and Selling at Vistra

In other news, Director John R. Sult sold 6,500 shares of the company’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 value of $1,105,000.00. Following the completion of the sale, the director directly owned 70,714 shares in the company, valued at $12,021,380. This represents a 8.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Margaret Montemayor sold 4,600 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $160.00, for a total value of $736,000.00. Following the completion of the sale, the chief accounting officer directly owned 9,760 shares of the company’s stock, valued at $1,561,600. This trade represents a 32.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 41,588 shares of company stock worth $6,739,227 over the last three months. 0.92% of the stock is owned by corporate insiders.

Institutional Trading of Vistra

A number of hedge funds and other institutional investors have recently made changes to their positions in VST. Vanguard Group Inc. lifted its holdings in Vistra by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 41,588,784 shares of the company’s stock valued at $6,709,519,000 after acquiring an additional 390,157 shares during the last quarter. State Street Corp increased its stake in Vistra by 2.7% during the fourth quarter. State Street Corp now owns 16,474,869 shares of the company’s stock worth $2,657,891,000 after acquiring an additional 432,028 shares during the last quarter. Geode Capital Management LLC increased its stake in Vistra by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 8,965,648 shares of the company’s stock worth $1,441,112,000 after acquiring an additional 97,424 shares during the last quarter. Norges Bank purchased a new stake in Vistra in the fourth quarter valued at $746,729,000. Finally, Invesco Ltd. raised its position in Vistra by 0.8% in the third quarter. Invesco Ltd. now owns 4,572,642 shares of the company’s stock valued at $895,872,000 after purchasing an additional 35,258 shares during the period. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Price Performance

Shares of NYSE:VST opened at $163.15 on Wednesday. Vistra has a twelve month low of $132.66 and a twelve month high of $219.82. The company’s 50 day moving average is $156.05 and its 200 day moving average is $158.44. The company has a current ratio of 0.90, a quick ratio of 0.79 and a debt-to-equity ratio of 5.51. The company has a market cap of $55.01 billion, a PE ratio of 27.33 and a beta of 1.40.

Vistra (NYSE:VST) last announced its quarterly earnings data on Thursday, May 7th. The company reported $2.87 EPS for the quarter, beating the consensus estimate of $1.32 by $1.55. The business had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.22 billion. Vistra had a net margin of 11.52% and a return on equity of 105.64%. On average, sell-side analysts forecast that Vistra will post 9.52 EPS for the current year.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 22nd were given a dividend of $0.229 per share. The ex-dividend date was Monday, June 22nd. 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 0.6%. Vistra’s dividend payout ratio (DPR) is presently 15.41%.

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.