Vistra Corp. (NYSE:VST) Receives $233.20 Average Target Price from Analysts

by · The Markets Daily

Shares of Vistra Corp. (NYSE:VST – Get Free Report) have received an average rating of “Buy” from the nineteen research firms that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, twelve have assigned a buy recommendation and four have assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $233.20.

Several research analysts have weighed in on VST shares. Melius initiated coverage on shares of Vistra in a report on Wednesday, August 20th. They set a “buy” rating and a $295.00 price objective on the stock. Wells Fargo & Company assumed coverage on shares of Vistra in a report on Monday, October 27th. They issued an “overweight” rating and a $238.00 target price on the stock. Evercore ISI raised their price target on shares of Vistra from $237.00 to $243.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Vistra in a report on Monday. Finally, BMO Capital Markets raised their target price on Vistra from $236.00 to $245.00 and gave the company an “outperform” rating in a report on Friday, November 7th.

View Our Latest Stock Report on Vistra

Insider Activity at Vistra

In other Vistra news, CEO James A. Burke sold 41,426 shares of Vistra stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $201.32, for a total transaction of $8,339,882.32. Following the transaction, the chief executive officer owned 246,522 shares of the company’s stock, valued at $49,629,809.04. This trade represents a 14.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Scott A. Hudson sold 56,000 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $168.86, for a total value of $9,456,160.00. Following the completion of the transaction, the executive vice president directly owned 306,600 shares of the company’s stock, valued at approximately $51,772,476. This represents a 15.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 784,299 shares of company stock valued at $155,981,703 over the last ninety days. Corporate insiders own 1.42% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. State Street Corp raised its stake in shares of Vistra by 1.4% during the 2nd quarter. State Street Corp now owns 16,660,027 shares of the company’s stock worth $3,228,880,000 after purchasing an additional 226,514 shares during the period. Massachusetts Financial Services Co. MA grew its position in Vistra by 15.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 7,106,465 shares of the company’s stock valued at $1,392,299,000 after buying an additional 930,912 shares during the period. Lone Pine Capital LLC increased its holdings in Vistra by 40.5% during the second quarter. Lone Pine Capital LLC now owns 6,469,719 shares of the company’s stock worth $1,253,896,000 after buying an additional 1,864,931 shares during the last quarter. Norges Bank bought a new stake in Vistra in the second quarter worth about $930,080,000. Finally, Invesco Ltd. boosted its stake in Vistra by 0.8% in the third quarter. Invesco Ltd. now owns 4,572,642 shares of the company’s stock valued at $895,872,000 after acquiring an additional 35,258 shares during the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Vistra Trading Up 5.7%

Shares of Vistra stock opened at $174.54 on Tuesday. The stock has a market capitalization of $59.14 billion, a PE ratio of 63.01, a price-to-earnings-growth ratio of 2.85 and a beta of 1.39. Vistra has a 52 week low of $90.51 and a 52 week high of $219.82. The stock has a 50 day moving average price of $185.91 and a two-hundred day moving average price of $189.70. The company has a debt-to-equity ratio of 5.74, a quick ratio of 0.88 and a current ratio of 0.99.

Vistra (NYSE:VST – Get Free Report) last issued its earnings results on Friday, November 7th. The company reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). Vistra had a return on equity of 64.04% and a net margin of 6.70%.The firm had revenue of $4.97 billion for the quarter, compared to analyst estimates of $6.60 billion. As a group, equities analysts anticipate that Vistra will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd will be paid a $0.227 dividend. This represents a $0.91 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Monday, December 22nd. This is a positive change from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio (DPR) is currently 32.49%.

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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