Vistra (NYSE:VST) Stock Price Down 3.4% – Here’s Why

Shares of Vistra Corp. (NYSE:VST) traded down 3.4% during mid-day trading on Tuesday . The stock traded as low as $145.66 and last traded at $146.8980. 4,848,061 shares changed hands during mid-day trading, a decline of 6% from the average session volume of 5,143,041 shares. The stock had previously closed at $152.05.

Analyst Ratings Changes

VST has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their target price on shares of Vistra from $240.00 to $231.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Wells Fargo & Company dropped their target price on shares of Vistra from $236.00 to $234.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. Morgan Stanley reiterated an “overweight” rating and issued a $208.00 target price on shares of Vistra in a report on Tuesday, April 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Vistra in a report on Friday, March 27th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $241.00 target price on shares of Vistra in a report on Monday, March 2nd. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $233.93.

Vistra Stock Performance

The firm’s fifty day moving average price is $158.20 and its 200-day moving average price is $166.00. The company has a current ratio of 0.78, a quick ratio of 0.69 and a debt-to-equity ratio of 6.01. The company has a market cap of $49.73 billion, a P/E ratio of 24.61, a P/E/G ratio of 0.85 and a beta of 1.43.

Vistra (NYSE:VST) last posted its quarterly earnings data on Thursday, May 7th. The company reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $1.55. Vistra had a net margin of 11.52% and a return on equity of 111.30%. The company had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.22 billion. As a group, research analysts forecast that Vistra Corp. will post 9.16 EPS for the current fiscal year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd will be issued a dividend of $0.229 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Monday, June 22nd. This is a positive change from Vistra’s previous quarterly dividend of $0.23. Vistra’s payout ratio is presently 15.24%.

Insider Activity

In other news, EVP Stephanie Zapata Moore sold 10,000 shares of the business’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $160.31, for a total transaction of $1,603,100.00. Following the transaction, the executive vice president owned 114,409 shares in the company, valued at approximately $18,340,906.79. The trade was a 8.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.92% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Vistra during the 3rd quarter valued at about $1,445,000. Teamwork Financial Advisors LLC boosted its position in shares of Vistra by 39.9% during the 4th quarter. Teamwork Financial Advisors LLC now owns 78,855 shares of the company’s stock valued at $12,722,000 after acquiring an additional 22,492 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new stake in shares of Vistra during the 3rd quarter valued at about $8,755,000. Envestnet Asset Management Inc. boosted its position in shares of Vistra by 49.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 371,497 shares of the company’s stock valued at $72,784,000 after acquiring an additional 122,545 shares in the last quarter. Finally, Fisher Funds Management LTD acquired a new stake in shares of Vistra during the 3rd quarter valued at about $1,241,000. Institutional investors own 90.88% of the company’s stock.

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.