Vistra (NYSE:VST - Free Report) had its price objective hoisted by Evercore ISI from $72.00 to $79.00 in a report released on Thursday morning, Benzinga reports. The brokerage currently has an outperform rating on the stock.
Several other equities research analysts also recently commented on the stock. BMO Capital Markets upped their price objective on shares of Vistra from $52.00 to $60.00 and gave the company an outperform rating in a report on Monday, March 4th. Morgan Stanley reissued an overweight rating and issued a $78.00 price target on shares of Vistra in a report on Monday, March 25th. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of Buy and an average target price of $63.50.
View Our Latest Report on VST
Vistra Stock Performance
NYSE VST traded down $3.23 during trading on Thursday, hitting $70.53. 5,657,815 shares of the company's stock traded hands, compared to its average volume of 4,927,512. The stock has a market capitalization of $24.54 billion, a price-to-earnings ratio of 19.70, a PEG ratio of 0.95 and a beta of 1.05. Vistra has a 12-month low of $22.67 and a 12-month high of $75.89. The company has a debt-to-equity ratio of 4.26, a quick ratio of 1.11 and a current ratio of 1.18. The business has a 50 day moving average of $55.06 and a 200-day moving average of $42.32.
Vistra (NYSE:VST - Get Free Report) last released its quarterly earnings data on Wednesday, February 28th. The company reported ($0.48) EPS for the quarter, missing the consensus estimate of $0.54 by ($1.02). The business had revenue of $3.08 billion for the quarter, compared to analysts' expectations of $5.48 billion. Vistra had a net margin of 10.10% and a return on equity of 20.05%. As a group, equities research analysts anticipate that Vistra will post 4.28 earnings per share for the current fiscal year.
Vistra Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Wednesday, March 20th were issued a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.22%. This is an increase from Vistra's previous quarterly dividend of $0.21. The ex-dividend date was Tuesday, March 19th. Vistra's dividend payout ratio is presently 24.02%.
Insider Transactions at Vistra
In related news, EVP Carrie Lee Kirby sold 72,748 shares of the firm's stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 184,201 shares of the company's stock, valued at $11,536,508.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related 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 sale, the executive vice president now directly owns 161,888 shares of the company's stock, valued at $9,470,448. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Carrie Lee Kirby sold 72,748 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $62.63, for a total transaction of $4,556,207.24. Following the transaction, 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. Over the last ninety days, insiders have sold 257,285 shares of company stock valued at $15,404,397. 1.36% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of VST. FinTrust Capital Advisors LLC bought a new position in Vistra during the third quarter valued at approximately $26,000. Blue Trust Inc. grew its position in Vistra by 160.7% during the fourth quarter. Blue Trust Inc. now owns 717 shares of the company's stock valued at $28,000 after acquiring an additional 442 shares during the last quarter. Fifth Third Bancorp bought a new position in Vistra during the third quarter valued at approximately $29,000. Quarry LP bought a new position in Vistra during the second quarter valued at approximately $29,000. Finally, Lindbrook Capital LLC grew its holdings in shares of Vistra by 64.4% in the fourth quarter. Lindbrook Capital LLC now owns 840 shares of the company's stock worth $32,000 after purchasing an additional 329 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors.
About Vistra
(
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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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