Vistra Corp. (NYSE:VST) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of Vistra Corp. (NYSE:VST - Get Free Report) have received an average rating of "Moderate Buy" from the fourteen ratings firms that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $172.69.

A number of brokerages have issued reports on VST. Raymond James began coverage on shares of Vistra in a research note on Friday. They set a "strong-buy" rating and a $216.00 price target on the stock. JPMorgan Chase & Co. cut their price target on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. Bank of America upgraded shares of Vistra from a "neutral" rating to a "buy" rating and cut their price target for the stock from $164.00 to $152.00 in a research note on Tuesday, March 4th. Daiwa Capital Markets initiated coverage on shares of Vistra in a research note on Wednesday, March 5th. They set a "neutral" rating and a $120.00 target price on the stock. Finally, The Goldman Sachs Group raised their target price on shares of Vistra from $134.00 to $164.00 and gave the company a "neutral" rating in a report on Friday, May 23rd.

Insider Activity at Vistra

In other Vistra news, Director John R. Sult sold 25,000 shares of the business's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $171.67, for a total value of $4,291,750.00. Following the completion of the sale, the director now owns 75,946 shares in the company, valued at approximately $13,037,649.82. The trade was a 24.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Scott B. Helm sold 50,000 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $172.75, for a total value of $8,637,500.00. Following the completion of the sale, the director now owns 255,192 shares of the company's stock, valued at approximately $44,084,418. This represents a 16.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 294,000 shares of company stock valued at $47,461,490 in the last ninety days. Insiders own 1.42% of the company's stock.

Institutional Investors Weigh In On Vistra

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VST. Banque Transatlantique SA lifted its stake in Vistra by 132.0% in the first quarter. Banque Transatlantique SA now owns 232 shares of the company's stock valued at $25,000 after buying an additional 132 shares during the last quarter. HM Payson & Co. lifted its stake in Vistra by 275.4% in the first quarter. HM Payson & Co. now owns 229 shares of the company's stock valued at $27,000 after buying an additional 168 shares during the last quarter. Tucker Asset Management LLC purchased a new stake in Vistra in the fourth quarter valued at approximately $28,000. Cherry Tree Wealth Management LLC lifted its stake in Vistra by 2,030.0% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 213 shares of the company's stock valued at $29,000 after buying an additional 203 shares during the last quarter. Finally, Ameriflex Group Inc. purchased a new stake in Vistra in the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 90.88% of the company's stock.

Vistra Stock Up 2.0%

NYSE VST opened at $177.31 on Tuesday. Vistra has a 52 week low of $66.50 and a 52 week high of $199.84. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. The business's fifty day simple moving average is $144.52 and its 200-day simple moving average is $145.37. The firm has a market cap of $60.17 billion, a PE ratio of 33.08, a P/E/G ratio of 1.12 and a beta of 1.22.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th will be issued a $0.225 dividend. This is a boost from Vistra's previous quarterly dividend of $0.22. The ex-dividend date is Wednesday, June 18th. This represents a $0.90 annualized dividend and a dividend yield of 0.51%. Vistra's dividend payout ratio is presently 14.15%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.