Vistra Corp. (NYSE:VST) Given Consensus Rating of “Buy” by Brokerages

Shares of Vistra Corp. (NYSE:VST) have been assigned an average rating of “Buy” from the seven brokerages that are covering the company, MarketBeat reports. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $87.83.

A number of equities analysts have issued reports on VST shares. BMO Capital Markets boosted their price objective on shares of Vistra from $79.00 to $109.00 and gave the company an “outperform” rating in a research report on Friday, May 10th. Morgan Stanley boosted their price objective on shares of Vistra from $86.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, May 28th. Guggenheim upgraded shares of Vistra to a “strong-buy” rating in a research report on Tuesday, May 7th. Janney Montgomery Scott started coverage on shares of Vistra in a research report on Thursday, April 18th. They issued a “buy” rating and a $82.00 price objective on the stock. Finally, Evercore ISI boosted their price objective on shares of Vistra from $72.00 to $79.00 and gave the company an “outperform” rating in a research report on Thursday, April 4th.

Vistra Price Performance

Shares of NYSE:VST opened at $92.88 on Tuesday. The stock has a market cap of $32.27 billion, a PE ratio of 56.98 and a beta of 1.05. The company’s fifty day moving average is $90.40 and its 200 day moving average is $66.51. Vistra has a 52 week low of $26.06 and a 52 week high of $107.24. The company has a quick ratio of 0.96, a current ratio of 1.08 and a debt-to-equity ratio of 3.06.

Vistra (NYSE:VST) last issued its earnings results on Thursday, May 9th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.39). The business had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $3.81 billion. Vistra had a return on equity of 24.72% and a net margin of 5.66%. Research analysts anticipate that Vistra will post 3.95 earnings per share for the current year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Wednesday, June 19th were paid a dividend of $0.218 per share. This is a positive change from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date was Tuesday, June 18th. This represents a $0.87 dividend on an annualized basis and a dividend yield of 0.94%. Vistra’s payout ratio is presently 53.37%.

Insider Activity

In other Vistra news, Director Lisa Crutchfield acquired 335 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were acquired at an average price of $89.46 per share, with a total value of $29,969.10. Following the completion of the purchase, the director now directly owns 32,186 shares of the company’s stock, valued at approximately $2,879,359.56. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.42% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. DNB Asset Management AS increased its holdings in shares of Vistra by 7.3% during the second quarter. DNB Asset Management AS now owns 80,058 shares of the company’s stock valued at $6,883,000 after acquiring an additional 5,464 shares in the last quarter. Polianta Ltd bought a new stake in Vistra during the 2nd quarter valued at about $1,100,000. Massmutual Trust Co. FSB ADV raised its holdings in Vistra by 38.6% in the second quarter. Massmutual Trust Co. FSB ADV now owns 557 shares of the company’s stock worth $48,000 after buying an additional 155 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Vistra by 45.6% in the second quarter. GAMMA Investing LLC now owns 3,070 shares of the company’s stock worth $264,000 after buying an additional 962 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Vistra by 141.9% during the first quarter. EverSource Wealth Advisors LLC now owns 975 shares of the company’s stock valued at $74,000 after buying an additional 572 shares during the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.

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.