Vistra (NYSE:VST) Reaches New 52-Week High at $83.95

Vistra Corp. (NYSE:VST) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $83.95 and last traded at $83.95, with a volume of 77925 shares changing hands. The stock had previously closed at $81.49.

Analysts Set New Price Targets

Several brokerages have recently issued reports on VST. BMO Capital Markets lifted their price target on Vistra from $52.00 to $60.00 and gave the company an “outperform” rating in a research note on Monday, March 4th. Morgan Stanley restated an “overweight” rating and set a $78.00 price objective on shares of Vistra in a research report on Monday, March 25th. Janney Montgomery Scott assumed coverage on Vistra in a research report on Thursday, April 18th. They set a “buy” rating and a $82.00 price objective on the stock. Finally, Evercore ISI boosted their price objective on Vistra from $72.00 to $79.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Vistra has an average rating of “Buy” and a consensus target price of $67.20.

Vistra Price Performance

The business has a 50-day simple moving average of $66.79 and a 200 day simple moving average of $48.28. The stock has a market cap of $28.90 billion, a P/E ratio of 22.76 and a beta of 1.02. The company has a current ratio of 1.18, a quick ratio of 1.11 and a debt-to-equity ratio of 4.26.

Vistra (NYSE:VST) last released its quarterly earnings results on Wednesday, February 28th. The company reported ($0.48) EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($1.02). Vistra had a net margin of 10.10% and a return on equity of 20.05%. The company had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $5.48 billion. On average, analysts forecast that Vistra Corp. will post 3.61 earnings per share for the current year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Wednesday, June 19th will be given a $0.218 dividend. This represents a $0.87 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date is Tuesday, June 18th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is 24.02%.

Insider Buying and Selling at Vistra

In other Vistra news, EVP Stephanie Zapata Moore sold 98,020 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $58.50, for a total value of $5,734,170.00. Following the sale, the executive vice president now owns 161,888 shares in the company, valued at approximately $9,470,448. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Stephanie Zapata Moore sold 98,020 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $58.50, for a total value of $5,734,170.00. Following the transaction, the executive vice president now directly owns 161,888 shares of the company’s stock, valued at approximately $9,470,448. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Carrie Lee Kirby sold 72,748 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $62.63, for a total value of $4,556,207.24. Following the completion of the transaction, the executive vice president now directly owns 184,201 shares in the company, valued at $11,536,508.63. The disclosure for this sale can be found here. In the last quarter, insiders have sold 257,285 shares of company stock worth $15,404,397. Insiders own 1.42% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Lindbrook Capital LLC lifted its stake in shares of Vistra by 16.8% in the 1st quarter. Lindbrook Capital LLC now owns 981 shares of the company’s stock valued at $68,000 after purchasing an additional 141 shares during the period. State of Alaska Department of Revenue raised its stake in Vistra by 0.5% during the 1st quarter. State of Alaska Department of Revenue now owns 36,465 shares of the company’s stock worth $2,539,000 after buying an additional 170 shares during the period. Venturi Wealth Management LLC raised its stake in Vistra by 1.1% during the 1st quarter. Venturi Wealth Management LLC now owns 23,720 shares of the company’s stock worth $1,652,000 after buying an additional 261 shares during the period. GAMMA Investing LLC raised its stake in Vistra by 17.4% during the 1st quarter. GAMMA Investing LLC now owns 2,108 shares of the company’s stock worth $147,000 after buying an additional 312 shares during the period. Finally, Mather Group LLC. purchased a new stake in shares of Vistra in the first quarter worth approximately $26,000. 90.88% of the stock is owned by institutional investors and hedge funds.

About Vistra

Vistra Corp., together with its subsidiaries, operates as an integrated retail electricity and power generation company. The company operates through six segments: Retail, Texas, East, West, Sunset, and Asset Closure. It retails electricity and natural gas to residential, commercial, and industrial customers across states in the United States and the District of Columbia.