Vistra (NYSE:VST) Stock Price Up 1% – What’s Next?

Shares of Vistra Corp. (NYSE:VST) rose 1% during mid-day trading on Wednesday . The company traded as high as $149.38 and last traded at $146.39. 2,630,313 shares were traded during mid-day trading, a decline of 47% from the average daily volume of 4,984,281 shares. The stock had previously closed at $144.92.

Wall Street Analysts Forecast Growth

VST has been the subject of several recent research reports. TD Cowen decreased their price objective on Vistra from $230.00 to $222.00 and set a “buy” rating for the company in a research note on Monday, July 27th. Morgan Stanley upped their target price on shares of Vistra from $208.00 to $212.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 28th. Seaport Research Partners reaffirmed a “buy” rating and issued a $230.00 target price on shares of Vistra in a report on Monday, June 15th. Scotiabank lifted their price target on shares of Vistra from $293.00 to $298.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 15th. Finally, Raymond James Financial set a $208.00 price target on shares of Vistra in a report on Monday, April 27th. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $228.56.

Vistra Price Performance

The company has a market capitalization of $50.13 billion, a PE ratio of 25.21 and a beta of 1.41. 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 stock has a fifty day simple moving average of $154.15 and a 200-day simple moving average of $156.62.

Vistra Increases Dividend

The firm 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 dividend of $0.23 per share. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Monday, September 21st. This represents a $0.92 annualized dividend and a dividend yield of 0.6%. Vistra’s dividend payout ratio is 15.54%.

Insiders Place Their Bets

In related news, Director Paul M. Barbas sold 244 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $153.00, for a total transaction of $37,332.00. Following the completion of the sale, the director owned 53,006 shares in the company, valued at $8,109,918. The trade was a 0.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Margaret Montemayor sold 4,600 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $160.00, for a total value of $736,000.00. Following the completion of the transaction, 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 have sold 41,588 shares of company stock worth $6,739,227 in the last three months. 0.92% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of VST. BlackRock Inc. purchased a new stake in Vistra in the second quarter valued at $4,610,496,000. Norges Bank purchased a new position in shares of Vistra during the fourth quarter worth about $746,729,000. Capital World Investors acquired a new stake in shares of Vistra during the fourth quarter worth about $574,499,000. Bank of New York Mellon Corp acquired a new stake in shares of Vistra during the second quarter worth about $381,938,000. Finally, Rubric Capital Management LP purchased a new stake in shares of Vistra in the 4th quarter valued at about $322,660,000. 90.88% of the stock is owned by hedge funds and other institutional investors.

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.