FY2024 EPS Estimates for Vistra Corp. Reduced by Analyst (NYSE:VST)

Vistra Corp. (NYSE:VST) – Investment analysts at Seaport Res Ptn decreased their FY2024 earnings per share (EPS) estimates for Vistra in a report released on Sunday, April 14th. Seaport Res Ptn analyst A. Storozynski now anticipates that the company will post earnings per share of $4.04 for the year, down from their prior forecast of $4.14. The consensus estimate for Vistra’s current full-year earnings is $4.24 per share. Seaport Res Ptn also issued estimates for Vistra’s FY2028 earnings at $9.01 EPS.

Vistra (NYSE:VST) last posted its quarterly earnings results on Wednesday, February 28th. The company reported ($0.48) EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($1.02). Vistra had a return on equity of 20.05% and a net margin of 10.10%. The company had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $5.48 billion.

VST has been the topic of a number of other research reports. Morgan Stanley restated an “overweight” rating and set a $78.00 price target on shares of Vistra in a research report on Monday, March 25th. BMO Capital Markets boosted their price target on Vistra from $52.00 to $60.00 and gave the company an “outperform” rating in a report on Monday, March 4th. Finally, Evercore ISI lifted their price objective on Vistra from $72.00 to $79.00 and gave the company an “outperform” rating in a research report on Thursday, April 4th. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $63.50.

Vistra Price Performance

NYSE:VST opened at $68.65 on Tuesday. The firm has a market capitalization of $23.88 billion, a price-to-earnings ratio of 19.18 and a beta of 1.05. Vistra has a 52-week low of $22.67 and a 52-week high of $75.89. The stock has a fifty day moving average of $60.15 and a 200 day moving average of $44.74. The company has a debt-to-equity ratio of 4.26, a quick ratio of 1.11 and a current ratio of 1.18.

Institutional Investors Weigh In On Vistra

Hedge funds and other institutional investors have recently modified their holdings of the stock. Mather Group LLC. bought a new position in Vistra in the 1st quarter worth $26,000. Riverview Trust Co purchased a new stake in Vistra in the 1st quarter worth about $39,000. Blue Trust Inc. raised its position in Vistra by 160.7% in the 4th quarter. Blue Trust Inc. now owns 717 shares of the company’s stock worth $28,000 after purchasing an additional 442 shares during the period. FinTrust Capital Advisors LLC purchased a new position in shares of Vistra during the third quarter worth approximately $26,000. Finally, Lindbrook Capital LLC increased its position in shares of Vistra by 64.4% during the fourth quarter. Lindbrook Capital LLC now owns 840 shares of the company’s stock worth $32,000 after acquiring an additional 329 shares during the period. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Scott A. Hudson sold 86,517 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $59.11, for a total value of $5,114,019.87. Following the completion of the transaction, the executive vice president now directly owns 254,932 shares in the company, valued at approximately $15,069,030.52. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, EVP Carrie Lee Kirby sold 72,748 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $62.63, for a total value of $4,556,207.24. Following the completion of the sale, the executive vice president now directly owns 184,201 shares in the company, valued at approximately $11,536,508.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Scott A. Hudson sold 86,517 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $59.11, for a total value of $5,114,019.87. Following the completion of the sale, the executive vice president now owns 254,932 shares of the company’s stock, valued at $15,069,030.52. The disclosure for this sale can be found here. Insiders sold a total of 257,285 shares of company stock worth $15,404,397 in the last three months. Insiders own 1.42% of the company’s stock.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Wednesday, March 20th were given a $0.215 dividend. This is a boost from Vistra’s previous quarterly dividend of $0.21. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date was Tuesday, March 19th. Vistra’s payout ratio is currently 24.02%.

Vistra Company Profile

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.