Vistra Corp. (NYSE:VST) Receives Average Recommendation of “Buy” from Brokerages

Vistra Corp. (NYSE:VSTGet Free Report) has received an average recommendation of “Buy” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $82.50.

A number of equities analysts have recently issued reports on VST shares. Evercore ISI increased their price objective on shares of Vistra from $72.00 to $79.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. Guggenheim upgraded Vistra to a “strong-buy” rating in a research note on Tuesday, May 7th. BMO Capital Markets increased their price target on Vistra from $79.00 to $109.00 and gave the company an “outperform” rating in a research report on Friday, May 10th. UBS Group raised their target price on Vistra from $85.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Finally, Janney Montgomery Scott assumed coverage on shares of Vistra in a report on Thursday, April 18th. They issued a “buy” rating and a $82.00 price objective for the company.

Read Our Latest Research Report on Vistra

Vistra Trading Up 1.0 %

VST opened at $94.08 on Monday. The stock has a market cap of $32.69 billion, a PE ratio of 57.72 and a beta of 1.02. The company has a quick ratio of 1.11, a current ratio of 1.08 and a debt-to-equity ratio of 3.06. Vistra has a twelve month low of $23.53 and a twelve month high of $97.90. The company has a fifty day moving average of $73.72 and a 200-day moving average of $52.37.

Vistra (NYSE:VSTGet Free Report) last issued its earnings results on Wednesday, February 28th. The company reported ($0.48) earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($1.02). The business had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $5.48 billion. Vistra had a return on equity of 24.72% and a net margin of 5.66%. On average, sell-side analysts predict that Vistra will post 3.61 EPS for the current year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Wednesday, June 19th will be paid a $0.218 dividend. The ex-dividend date of this dividend is Tuesday, June 18th. This is an increase from Vistra’s previous quarterly dividend of $0.22. This represents a $0.87 annualized dividend and a yield of 0.93%. Vistra’s payout ratio is currently 53.37%.

Insider Activity at Vistra

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

Institutional Investors Weigh In On Vistra

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VST. Mather Group LLC. bought a new position in shares of Vistra during the first quarter valued at approximately $26,000. Blue Trust Inc. raised its holdings in Vistra by 160.7% in the 4th quarter. Blue Trust Inc. now owns 717 shares of the company’s stock worth $28,000 after acquiring an additional 442 shares during the last quarter. Fifth Third Bancorp purchased a new stake in Vistra during the 3rd quarter valued at $29,000. Lindbrook Capital LLC lifted its holdings in shares of Vistra by 64.4% during the fourth quarter. Lindbrook Capital LLC now owns 840 shares of the company’s stock valued at $32,000 after purchasing an additional 329 shares in the last quarter. Finally, New Covenant Trust Company N.A. purchased a new position in shares of Vistra in the 1st quarter worth $32,000. 90.88% of the stock is owned by hedge funds and other institutional investors.

Vistra Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for Vistra (NYSE:VST)

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