Vistra (NYSE:VST) Trading Up 9.6%

Vistra Corp. (NYSE:VST - Get Free Report) rose 9.6% during mid-day trading on Wednesday . The stock traded as high as $89.74 and last traded at $89.57. Approximately 3,891,118 shares were traded during trading, a decline of 35% from the average daily volume of 6,027,164 shares. The stock had previously closed at $81.74.

Analysts Set New Price Targets

Several brokerages have recently weighed in on VST. Evercore ISI boosted their target price on Vistra from $72.00 to $79.00 and gave the stock an "outperform" rating in a report on Thursday, April 4th. BMO Capital Markets increased their price target on Vistra from $52.00 to $60.00 and gave the stock an "outperform" rating in a report on Monday, March 4th. 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 on the stock. Finally, Morgan Stanley reiterated an "overweight" rating and set a $78.00 price target on shares of Vistra in a research report on Monday, March 25th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Vistra presently has an average rating of "Buy" and an average target price of $67.20.

Vistra Trading Up 9.2 %

The company has a quick ratio of 1.11, a current ratio of 1.18 and a debt-to-equity ratio of 4.26. The firm has a market capitalization of $31.06 billion, a price-to-earnings ratio of 24.94 and a beta of 1.02. The business's 50-day simple moving average is $68.83 and its two-hundred day simple moving average is $49.27.

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). The business had revenue of $3.08 billion during the quarter, compared to analyst estimates of $5.48 billion. Vistra had a net margin of 10.10% and a return on equity of 20.05%. Equities analysts forecast that Vistra Corp. will post 3.61 earnings per share for the current year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Wednesday, June 19th will be given a $0.218 dividend. The ex-dividend date is Tuesday, June 18th. This is an increase from Vistra's previous quarterly dividend of $0.22. This represents a $0.87 dividend on an annualized basis and a dividend yield of 0.98%. Vistra's dividend payout ratio is currently 24.02%.

Insider Transactions at Vistra

In related news, EVP Stephanie Zapata Moore sold 98,020 shares of the stock in a transaction on Tuesday, March 5th. The stock was 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 of the company's stock, valued at $9,470,448. The transaction was disclosed in a filing 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 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 transaction, the executive vice president now directly owns 184,201 shares of the company's stock, valued at approximately $11,536,508.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Stephanie Zapata Moore sold 98,020 shares of the business's stock in a transaction that occurred on Tuesday, March 5th. The stock was 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 approximately $9,470,448. The disclosure for this sale can be found here. In the last three months, insiders sold 257,285 shares of company stock valued at $15,404,397. Insiders own 1.42% of the company's stock.

Institutional Trading of Vistra

A number of institutional investors have recently modified their holdings of VST. Lindbrook Capital LLC boosted its position in shares of Vistra by 16.8% during the 1st quarter. Lindbrook Capital LLC now owns 981 shares of the company's stock worth $68,000 after purchasing an additional 141 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Vistra by 0.5% during the 1st quarter. State of Alaska Department of Revenue now owns 36,465 shares of the company's stock worth $2,539,000 after acquiring an additional 170 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in Vistra by 1.1% during the first quarter. Venturi Wealth Management LLC now owns 23,720 shares of the company's stock worth $1,652,000 after purchasing an additional 261 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Vistra by 17.4% in the first quarter. GAMMA Investing LLC now owns 2,108 shares of the company's stock valued at $147,000 after buying an additional 312 shares in the last quarter. Finally, Mather Group LLC. acquired a new position in shares of Vistra during the 1st quarter worth $26,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

About Vistra

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.