Vistra (NYSE:VST) Stock Price Up 3.7% – What’s Next?

Vistra Corp. (NYSE:VST)’s share price was up 3.7% on Monday . The company traded as high as $155.45 and last traded at $153.47. Approximately 4,376,104 shares traded hands during mid-day trading, a decline of 15% from the average daily volume of 5,138,985 shares. The stock had previously closed at $148.02.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on VST shares. BMO Capital Markets reissued an “outperform” rating and issued a $241.00 price objective on shares of Vistra in a research report on Monday, March 2nd. Seaport Research Partners reissued a “buy” rating and issued a $230.00 price objective on shares of Vistra in a research report on Monday. JPMorgan Chase & Co. lowered their price objective on Vistra from $240.00 to $231.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Raymond James Financial set a $208.00 price objective on Vistra in a research report on Monday, April 27th. Finally, Wells Fargo & Company lowered their price objective on Vistra from $236.00 to $234.00 and set an “overweight” rating for the company in a research report on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $233.33.

Vistra Price Performance

The company has a market cap of $51.75 billion, a PE ratio of 25.71 and a beta of 1.40. The company has a debt-to-equity ratio of 5.51, a quick ratio of 0.79 and a current ratio of 0.90. The stock has a 50 day moving average of $153.53 and a 200-day moving average of $160.10.

Vistra (NYSE:VST) last issued its earnings results on Thursday, May 7th. The company reported $2.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $1.55. The company had revenue of $5.64 billion during the quarter, compared to analyst estimates of $5.22 billion. Vistra had a return on equity of 105.64% and a net margin of 11.52%. Equities analysts predict that Vistra Corp. will post 9.3 earnings per share for the current year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 22nd will be paid a $0.229 dividend. This is a positive change from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, June 22nd. This represents a $0.92 dividend on an annualized basis and a yield of 0.6%. Vistra’s dividend payout ratio (DPR) is 15.24%.

Insider Transactions at Vistra

In related news, CAO Margaret Montemayor sold 5,000 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $164.96, for a total value of $824,800.00. Following the completion of the transaction, the chief accounting officer owned 14,360 shares in the company, valued at $2,368,825.60. This trade represents a 25.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.92% of the stock is owned by company insiders.

Hedge Funds Weigh In On Vistra

Institutional investors have recently modified their holdings of the stock. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Vistra during the 4th quarter valued at about $25,000. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in shares of Vistra during the 3rd quarter valued at about $28,000. Mcguire Capital Advisors Inc. purchased a new position in shares of Vistra during the 4th quarter valued at about $28,000. Kemnay Advisory Services Inc. purchased a new position in shares of Vistra during the 4th quarter valued at about $30,000. Finally, Strive Financial Group LLC purchased a new position in shares of Vistra during the 4th quarter valued at about $33,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Vistra Company Profile

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.