Vistra Corp. Forecasted to Post FY2024 Earnings of $4.04 Per Share (NYSE:VST)

Vistra Corp. (NYSE:VST - Free Report) - Research analysts at Seaport Res Ptn dropped their FY2024 earnings per share estimates for shares of Vistra in a research report issued on Sunday, April 14th. Seaport Res Ptn analyst A. Storozynski now anticipates that the company will post earnings per share of $4.04 for the year, down from their prior estimate of $4.14. The consensus estimate for Vistra's current full-year earnings is $4.28 per share. Seaport Res Ptn also issued estimates for Vistra's FY2028 earnings at $9.01 EPS.

Vistra (NYSE:VST - Get Free Report) last announced its quarterly earnings data 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). Vistra had a net margin of 10.10% and a return on equity of 20.05%. The firm had revenue of $3.08 billion during the quarter, compared to analysts' expectations of $5.48 billion.

A number of other brokerages also recently issued reports on VST. Morgan Stanley reissued an "overweight" rating and set a $78.00 price objective on shares of Vistra in a research report on Monday, March 25th. BMO Capital Markets raised their price objective on Vistra from $52.00 to $60.00 and gave the stock an "outperform" rating in a research report on Monday, March 4th. Finally, Evercore ISI raised 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. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $63.50.

Vistra Trading Down 0.9 %

Shares of NYSE:VST traded down $0.62 during midday trading on Tuesday, reaching $67.60. 6,553,588 shares of the company's stock were exchanged, compared to its average volume of 5,023,526. The firm's 50 day simple moving average is $59.65 and its two-hundred day simple moving average is $44.57. The company has a debt-to-equity ratio of 4.26, a current ratio of 1.18 and a quick ratio of 1.11. The stock has a market cap of $23.52 billion, a price-to-earnings ratio of 18.88 and a beta of 1.05. Vistra has a fifty-two week low of $22.67 and a fifty-two week high of $75.89.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Wednesday, March 20th were given a $0.215 dividend. This is an increase from Vistra's previous quarterly dividend of $0.21. This represents a $0.86 annualized dividend and a yield of 1.27%. The ex-dividend date was Tuesday, March 19th. Vistra's payout ratio is currently 24.02%.

Insider Buying and Selling at Vistra

In other news, EVP Carrie Lee Kirby sold 72,748 shares of Vistra stock in a transaction dated 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 transaction, the executive vice president now owns 184,201 shares in the company, valued at approximately $11,536,508.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Carrie Lee Kirby sold 72,748 shares of Vistra stock in a transaction dated 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 transaction, the executive vice president now owns 184,201 shares in the company, valued at approximately $11,536,508.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Scott A. Hudson sold 86,517 shares of the business's stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $59.11, for a total value of $5,114,019.87. Following the sale, the executive vice president now owns 254,932 shares of the company's stock, valued at approximately $15,069,030.52. The disclosure for this sale can be found here. Insiders sold a total of 257,285 shares of company stock valued at $15,404,397 in the last three months. 1.42% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Vistra

Several institutional investors have recently added to or reduced their stakes in VST. MetLife Investment Management LLC purchased a new stake in Vistra during the first quarter worth approximately $223,000. Rhumbline Advisers lifted its stake in Vistra by 2.5% in the first quarter. Rhumbline Advisers now owns 458,182 shares of the company's stock valued at $10,653,000 after buying an additional 11,136 shares during the last quarter. BlackRock Inc. lifted its stake in Vistra by 2.3% in the first quarter. BlackRock Inc. now owns 23,939,759 shares of the company's stock valued at $556,597,000 after buying an additional 534,299 shares during the last quarter. Yousif Capital Management LLC lifted its stake in Vistra by 15.5% in the first quarter. Yousif Capital Management LLC now owns 26,786 shares of the company's stock valued at $623,000 after buying an additional 3,595 shares during the last quarter. Finally, Raymond James Trust N.A. lifted its stake in Vistra by 44.8% in the first quarter. Raymond James Trust N.A. now owns 39,151 shares of the company's stock valued at $910,000 after buying an additional 12,108 shares during the last quarter. Hedge funds and other institutional investors own 90.88% of the company's stock.

Vistra Company Profile

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.