Vistra Corp. (NYSE:VST) Short Interest Down 22.9% in October

by · The Cerbat Gem

Vistra Corp. (NYSE:VST – Get Free Report) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totalling 10,590,000 shares, a decline of 22.9% from the September 30th total of 13,730,000 shares. Currently, 3.1% of the company’s stock are short sold. Based on an average daily volume of 7,510,000 shares, the short-interest ratio is presently 1.4 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. First Trust Direct Indexing L.P. grew its holdings in Vistra by 38.2% during the third quarter. First Trust Direct Indexing L.P. now owns 5,100 shares of the company’s stock worth $605,000 after acquiring an additional 1,411 shares during the period. Adams Diversified Equity Fund Inc. increased its holdings in Vistra by 78.9% in the third quarter. Adams Diversified Equity Fund Inc. now owns 27,200 shares of the company’s stock valued at $3,224,000 after buying an additional 12,000 shares in the last quarter. Mutual Advisors LLC lifted its position in shares of Vistra by 444.3% during the 3rd quarter. Mutual Advisors LLC now owns 21,267 shares of the company’s stock valued at $2,671,000 after acquiring an additional 17,360 shares during the period. Vanguard Capital Wealth Advisors acquired a new stake in shares of Vistra in the 3rd quarter worth approximately $279,000. Finally, Fidelis Capital Partners LLC purchased a new position in Vistra in the 3rd quarter valued at approximately $290,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Guggenheim upped their price objective on Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Morgan Stanley upped their price target on Vistra from $110.00 to $132.00 and gave the company an “overweight” rating in a report on Monday, September 23rd. UBS Group dropped their price target on shares of Vistra from $157.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, October 22nd. Royal Bank of Canada boosted their price objective on shares of Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Finally, BMO Capital Markets restated an “outperform” rating and issued a $146.00 target price (up previously from $125.00) on shares of Vistra in a report on Friday, October 4th. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Vistra presently has a consensus rating of “Buy” and an average price target of $145.30.

Read Our Latest Analysis on Vistra

Vistra Stock Performance

NYSE:VST traded down $1.55 during trading hours on Friday, reaching $124.03. 3,792,453 shares of the company’s stock were exchanged, compared to its average volume of 6,941,031. Vistra has a 1-year low of $31.92 and a 1-year high of $143.87. The company has a quick ratio of 0.88, a current ratio of 0.98 and a debt-to-equity ratio of 2.89. The firm has a market capitalization of $43.10 billion, a price-to-earnings ratio of 76.09 and a beta of 1.10. The company has a 50-day moving average of $104.43 and a 200 day moving average of $91.07.

Vistra (NYSE:VST – Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.69). The business had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $4.04 billion. Vistra had a net margin of 4.61% and a return on equity of 21.05%. During the same period in the previous year, the company posted $1.03 earnings per share. Research analysts anticipate that Vistra will post 4.73 EPS for the current year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 20th were paid a $0.2195 dividend. This is an increase from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend was Friday, September 20th. Vistra’s dividend payout ratio (DPR) is 53.37%.

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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