Vistra Corp. (NYSE:VST - Get Free Report) was down 4.5% during mid-day trading on Thursday . The stock traded as low as $157.87 and last traded at $161.72. Approximately 3,533,590 shares changed hands during mid-day trading, a decline of 60% from the average daily volume of 8,847,839 shares. The stock had previously closed at $169.35.
Analyst Ratings Changes
Several analysts have recently issued reports on VST shares. Morgan Stanley boosted their price target on shares of Vistra from $135.00 to $169.00 and gave the company an "overweight" rating in a research report on Friday, November 22nd. BMO Capital Markets boosted their price objective on shares of Vistra from $151.00 to $191.00 and gave the company an "outperform" rating in a research note on Wednesday, January 22nd. Evercore ISI assumed coverage on shares of Vistra in a research note on Tuesday, January 21st. They set an "outperform" rating and a $202.00 price objective for the company. UBS Group boosted their price objective on shares of Vistra from $161.00 to $174.00 and gave the company a "buy" rating in a research note on Friday, January 3rd. Finally, Bank of America assumed coverage on shares of Vistra in a research note on Monday, January 27th. They set a "neutral" rating and a $206.00 price objective for the company. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Vistra currently has an average rating of "Moderate Buy" and a consensus target price of $171.64.
Check Out Our Latest Research Report on Vistra
Vistra Trading Down 7.8 %
The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. The firm has a market cap of $51.21 billion, a PE ratio of 28.08, a PEG ratio of 1.12 and a beta of 1.22. The stock's 50 day simple moving average is $160.19 and its 200 day simple moving average is $132.74.
Vistra Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 20th will be paid a $0.2235 dividend. This represents a $0.89 dividend on an annualized basis and a yield of 0.59%. This is a boost from Vistra's previous quarterly dividend of $0.22. Vistra's payout ratio is currently 16.60%.
Vistra announced that its Board of Directors has authorized a share buyback program on Thursday, November 7th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to purchase up to 2.1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its stock is undervalued.
Insider Transactions at Vistra
In related news, EVP Scott A. Hudson sold 115,000 shares of the company's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $164.16, for a total transaction of $18,878,400.00. Following the completion of the sale, the executive vice president now directly owns 254,932 shares in the company, valued at $41,849,637.12. This represents a 31.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Scott B. Helm sold 20,000 shares of the company's stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $139.77, for a total transaction of $2,795,400.00. Following the sale, the director now owns 343,350 shares of the company's stock, valued at $47,990,029.50. This represents a 5.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.42% of the company's stock.
Institutional Investors Weigh In On Vistra
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ascent Group LLC raised its holdings in Vistra by 8.5% during the 4th quarter. Ascent Group LLC now owns 15,985 shares of the company's stock valued at $2,204,000 after buying an additional 1,249 shares during the last quarter. Vermillion Wealth Management Inc. bought a new stake in Vistra during the 4th quarter valued at $59,000. Castlekeep Investment Advisors LLC bought a new stake in Vistra during the 4th quarter valued at $1,045,000. Sunbelt Securities Inc. raised its holdings in Vistra by 1.6% during the 4th quarter. Sunbelt Securities Inc. now owns 6,409 shares of the company's stock valued at $898,000 after buying an additional 98 shares during the last quarter. Finally, Fourth Dimension Wealth LLC bought a new stake in Vistra during the 4th quarter valued at $86,000. 90.88% of the stock is currently owned by institutional investors.
Vistra Company Profile
(
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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