Vistra (NYSE:VST) Trading Down 3.3% – Should You Sell?

Vistra Corp. (NYSE:VSTGet Free Report) shares were down 3.3% on Tuesday . The company traded as low as $126.52 and last traded at $127.84. Approximately 3,371,148 shares traded hands during trading, a decline of 52% from the average daily volume of 6,962,672 shares. The stock had previously closed at $132.26.

Analyst Ratings Changes

VST has been the topic of several recent research reports. Morgan Stanley lifted their target price on shares of Vistra from $110.00 to $132.00 and gave the company an “overweight” rating in a research report on Monday, September 23rd. BNP Paribas assumed coverage on Vistra in a report on Monday. They issued an “outperform” rating and a $231.00 price target for the company. Jefferies Financial Group increased their price objective on Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. BMO Capital Markets reiterated an “outperform” rating and issued a $146.00 price objective (up from $125.00) on shares of Vistra in a research report on Friday, October 4th. Finally, Guggenheim increased their price objective on shares of Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $137.22.

Read Our Latest Research Report on VST

Vistra Stock Down 2.1 %

The stock’s fifty day moving average price is $95.45 and its 200-day moving average price is $87.50. The company has a quick ratio of 0.88, a current ratio of 0.98 and a debt-to-equity ratio of 2.89. The company has a market capitalization of $44.50 billion, a price-to-earnings ratio of 95.35 and a beta of 1.10.

Vistra (NYSE:VSTGet Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.69). The company had revenue of $3.85 billion for the quarter, compared to analyst estimates of $4.04 billion. Vistra had a return on equity of 21.05% and a net margin of 4.61%. During the same period last year, the firm earned $1.03 EPS. On average, sell-side analysts predict that Vistra Corp. will post 4.7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 20th were paid a $0.2195 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date was Friday, September 20th. This is a boost from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio is 64.71%.

Institutional Investors Weigh In On Vistra

A number of institutional investors have recently made changes to their positions in VST. Lone Pine Capital LLC raised its position in shares of Vistra by 6.6% in the second quarter. Lone Pine Capital LLC now owns 6,838,007 shares of the company’s stock valued at $587,932,000 after buying an additional 425,126 shares in the last quarter. Castle Hook Partners LP boosted its position in shares of Vistra by 470.0% during the 1st quarter. Castle Hook Partners LP now owns 3,769,842 shares of the company’s stock worth $262,569,000 after acquiring an additional 3,108,511 shares in the last quarter. Wellington Management Group LLP increased its stake in Vistra by 11.5% in the fourth quarter. Wellington Management Group LLP now owns 3,519,475 shares of the company’s stock valued at $135,570,000 after acquiring an additional 363,897 shares during the last quarter. TD Asset Management Inc raised its position in Vistra by 9,668.5% during the first quarter. TD Asset Management Inc now owns 2,940,113 shares of the company’s stock valued at $204,779,000 after purchasing an additional 2,910,015 shares in the last quarter. Finally, GQG Partners LLC lifted its stake in Vistra by 25.1% during the first quarter. GQG Partners LLC now owns 2,564,705 shares of the company’s stock worth $178,632,000 after purchasing an additional 514,722 shares during the last quarter. Institutional investors own 90.88% of the company’s stock.

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.

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