Vistra Corp. (NYSE:VST - Get Free Report)'s share price was down 4.3% on Monday . The company traded as low as $153.65 and last traded at $154.90. Approximately 1,994,360 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 6,875,126 shares. The stock had previously closed at $161.92.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on VST. BNP Paribas initiated coverage on shares of Vistra in a research note on Monday, October 14th. They set an "outperform" rating and a $231.00 price objective for the company. UBS Group decreased their price objective on shares of Vistra from $157.00 to $150.00 and set a "buy" rating for the company in a research note on Tuesday, October 22nd. Guggenheim raised their target price on Vistra from $133.00 to $177.00 and gave the stock a "buy" rating in a report on Tuesday, October 8th. BMO Capital Markets lifted their price objective on shares of Vistra from $146.00 to $147.00 and gave the company an "outperform" rating in a report on Tuesday, October 29th. Finally, Jefferies Financial Group upped their price target on Vistra from $99.00 to $137.00 and gave the stock a "buy" rating in a report on Tuesday, September 24th. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $149.10.
View Our Latest Stock Analysis on Vistra
Vistra Stock Performance
The stock's fifty day simple moving average is $127.24 and its 200-day simple moving average is $100.11. The company has a market capitalization of $52.44 billion, a price-to-earnings ratio of 28.76, a price-to-earnings-growth ratio of 2.08 and a beta of 1.09. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68.
Vistra Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be paid a dividend of $0.221 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.57%. This is a positive change from Vistra's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, December 20th. Vistra's dividend payout ratio is presently 16.42%.
Vistra announced that its board has initiated a stock buyback program on Thursday, November 7th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to repurchase up to 2.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's management believes its shares are undervalued.
Institutional Investors Weigh In On Vistra
Several institutional investors have recently added to or reduced their stakes in VST. UniSuper Management Pty Ltd increased its stake in Vistra by 84.6% in the first quarter. UniSuper Management Pty Ltd now owns 4,800 shares of the company's stock valued at $334,000 after purchasing an additional 2,200 shares during the period. CreativeOne Wealth LLC purchased a new stake in Vistra in the 1st quarter valued at approximately $215,000. Advisors Asset Management Inc. raised its stake in shares of Vistra by 44.0% during the 1st quarter. Advisors Asset Management Inc. now owns 10,758 shares of the company's stock worth $749,000 after buying an additional 3,288 shares in the last quarter. Gabelli Funds LLC acquired a new stake in shares of Vistra in the 1st quarter valued at approximately $348,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Vistra by 17.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 640,976 shares of the company's stock valued at $44,645,000 after buying an additional 94,842 shares in the last quarter. Hedge funds and other institutional investors own 90.88% of the company's stock.
About Vistra
(
Get Free Report)
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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