Vistra (NYSE:VST) Shares Up 2.6% – What’s Next?

Vistra Corp. (NYSE:VSTGet Free Report) was up 2.6% during trading on Wednesday . The company traded as high as $167.81 and last traded at $166.5890. 2,960,613 shares were traded during trading, a decline of 41% from the average daily volume of 4,986,433 shares. The stock had previously closed at $162.33.

Key Vistra News

Here are the key news stories impacting Vistra this week:

Analyst Ratings Changes

VST has been the subject of a number of analyst reports. Weiss Ratings lowered shares of Vistra from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, July 16th. Sanford C. Bernstein set a $187.00 price objective on Vistra and gave the company an “outperform” rating in a research report on Tuesday, June 16th. Seaport Research Partners restated a “buy” rating and set a $230.00 price target on shares of Vistra in a research report on Monday, June 15th. Scotiabank raised their target price on shares of Vistra from $293.00 to $298.00 and gave the stock an “outperform” rating in a report on Wednesday, July 15th. Finally, TD Cowen dropped their target price on shares of Vistra from $253.00 to $230.00 and set a “buy” rating for the company in a research report on Monday, May 4th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Vistra currently has an average rating of “Buy” and a consensus target price of $230.62.

Check Out Our Latest Analysis on VST

Vistra Trading Up 2.6%

The company has a current ratio of 0.90, a quick ratio of 0.79 and a debt-to-equity ratio of 5.51. The stock has a market cap of $56.17 billion, a P/E ratio of 27.90 and a beta of 1.40. The company has a 50-day moving average price of $154.57 and a two-hundred day moving average price of $158.37.

Vistra (NYSE:VSTGet Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported $2.87 EPS for the quarter, topping the consensus estimate of $1.32 by $1.55. The company had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.22 billion. Vistra had a net margin of 11.52% and a return on equity of 105.64%. On average, research analysts expect that Vistra Corp. will post 9.53 EPS for the current fiscal year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 22nd were paid a $0.229 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $0.92 dividend on an annualized basis and a yield of 0.5%. This is an increase from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio is 15.41%.

Insider Transactions at Vistra

In related news, CAO Margaret Montemayor sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $164.96, for a total transaction of $824,800.00. Following the completion of the sale, the chief accounting officer directly owned 14,360 shares in the company, valued at approximately $2,368,825.60. The trade was a 25.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Scott B. Helm sold 25,000 shares of the company’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $160.00, for a total transaction of $4,000,000.00. Following the sale, the director directly owned 232,200 shares of the company’s stock, valued at $37,152,000. The trade was a 9.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 41,588 shares of company stock worth $6,739,227 over the last three months. 0.92% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in VST. Fifth Third Bancorp increased its stake in Vistra by 95.1% in the first quarter. Fifth Third Bancorp now owns 177,199 shares of the company’s stock valued at $26,638,000 after purchasing an additional 86,393 shares during the last quarter. Norges Bank purchased a new stake in Vistra in the 4th quarter worth approximately $746,729,000. Payden & Rygel lifted its holdings in shares of Vistra by 3,118.2% during the 4th quarter. Payden & Rygel now owns 35,400 shares of the company’s stock worth $5,711,000 after acquiring an additional 34,300 shares during the period. Signature Estate & Investment Advisors LLC acquired a new position in Vistra in the fourth quarter valued at $29,875,000. Finally, Legal & General Group Plc increased its position in Vistra by 12.2% during the 4th quarter. Legal & General Group Plc now owns 1,768,694 shares of the company’s stock worth $285,343,000 after purchasing an additional 192,274 shares in the last quarter. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

About Vistra

(Get Free Report)

Vistra (NYSE: VST) is an integrated power company that develops, owns and operates electricity generation and retail businesses in the United States. The company’s operations span wholesale power production—through a diversified fleet of thermal and lower‑carbon generation assets—and retail electricity supply to residential, commercial and industrial customers. Vistra serves organized wholesale markets and competitive retail markets, with a notable presence in Texas and other regional U.S. power markets.

Vistra’s core activities include the ownership and operation of generation facilities, the commercial dispatch and optimization of those assets into wholesale markets, and the sale of electricity and related services to end-use customers through its retail brands.

Further Reading

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