Seaport Res Ptn Issues Positive Estimate for Vistra Earnings

Key Points

• Seaport Res Ptn has raised its FY2027 earnings per share estimate for Vistra Corp to $11.59, up from $10.19, significantly higher than the current consensus estimate of $7.00 per share.
• Multiple brokerages have issued positive ratings for Vistra, with UBS Group increasing its price target to $230.00, while Goldman Sachs set a new target of $203.00.
• Vistra recently increased its quarterly dividend to $0.226, reflecting a strong dividend payout ratio of 14.35% and indicating growth potential for shareholders.

Vistra Corp. (NYSE:VST - Free Report) - Equities researchers at Seaport Res Ptn boosted their FY2027 EPS estimates for shares of Vistra in a report issued on Wednesday, October 8th. Seaport Res Ptn analyst A. Storozynski now expects that the company will earn $11.59 per share for the year, up from their prior estimate of $10.19. The consensus estimate for Vistra's current full-year earnings is $7.00 per share. Seaport Res Ptn also issued estimates for Vistra's FY2029 earnings at $16.89 EPS.

Several other brokerages have also recently issued reports on VST. UBS Group raised their price objective on Vistra from $207.00 to $230.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. The Goldman Sachs Group raised their price target on shares of Vistra from $179.00 to $203.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 13th. Jefferies Financial Group restated a "hold" rating and set a $230.00 price objective (down from $241.00) on shares of Vistra in a research note on Monday, September 22nd. Daiwa Capital Markets upgraded shares of Vistra from a "neutral" rating to a "buy" rating and set a $250.00 price objective on the stock in a research note on Wednesday, September 17th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Vistra in a research report on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $227.85.

Vistra Stock Performance

Shares of VST stock opened at $209.99 on Friday. The business has a fifty day moving average of $200.69 and a 200 day moving average of $172.05. Vistra has a 1 year low of $90.51 and a 1 year high of $219.82. The company has a debt-to-equity ratio of 6.58, a current ratio of 0.90 and a quick ratio of 0.80. The firm has a market capitalization of $71.15 billion, a price-to-earnings ratio of 33.49, a price-to-earnings-growth ratio of 3.06 and a beta of 1.33.

Vistra (NYSE:VST - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $1.01 earnings per share for the quarter, missing analysts' consensus estimates of $1.63 by ($0.62). Vistra had a net margin of 12.90% and a return on equity of 108.41%. The company had revenue of $4.25 billion for the quarter, compared to analysts' expectations of $5.15 billion.

Hedge Funds Weigh In On Vistra

A number of institutional investors have recently added to or reduced their stakes in VST. State Street Corp raised its holdings in shares of Vistra by 1.4% during the 2nd quarter. State Street Corp now owns 16,660,027 shares of the company's stock worth $3,228,880,000 after acquiring an additional 226,514 shares during the period. Lone Pine Capital LLC raised its stake in Vistra by 40.5% during the second quarter. Lone Pine Capital LLC now owns 6,469,719 shares of the company's stock worth $1,253,896,000 after purchasing an additional 1,864,931 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Vistra by 4.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,175,553 shares of the company's stock valued at $1,196,884,000 after purchasing an additional 258,983 shares during the last quarter. Norges Bank purchased a new stake in shares of Vistra in the 2nd quarter valued at approximately $930,080,000. Finally, Invesco Ltd. increased its holdings in shares of Vistra by 25.2% during the 2nd quarter. Invesco Ltd. now owns 4,537,384 shares of the company's stock worth $879,390,000 after buying an additional 913,350 shares during the last quarter. Hedge funds and other institutional investors own 90.88% of the company's stock.

Insider Buying and Selling

In other Vistra news, CEO James A. Burke sold 43,074 shares of Vistra stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $208.75, for a total transaction of $8,991,697.50. Following the sale, the chief executive officer owned 217,025 shares of the company's stock, valued at $45,303,968.75. The trade was a 16.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last three months, insiders sold 422,389 shares of company stock valued at $86,992,610. 1.42% of the stock is currently owned by corporate insiders.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th were given a $0.226 dividend. This represents a $0.90 annualized dividend and a dividend yield of 0.4%. This is a boost from Vistra's previous quarterly dividend of $0.23. The ex-dividend date was Friday, September 19th. Vistra's dividend payout ratio (DPR) is 14.35%.

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.

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