Vistra (NYSE:VST) Trading Down 3.4%

Vistra Corp. (NYSE:VST) dropped 3.4% on Wednesday . The stock traded as low as $87.41 and last traded at $88.32. Approximately 396,212 shares changed hands during trading, a decline of 94% from the average daily volume of 6,655,248 shares. The stock had previously closed at $91.40.

Analyst Upgrades and Downgrades

VST has been the subject of several research analyst reports. Janney Montgomery Scott initiated coverage on Vistra in a report on Thursday, April 18th. They set a “buy” rating and a $82.00 price target for the company. Morgan Stanley lifted their target price on Vistra from $86.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, May 28th. Evercore ISI lifted their target price on Vistra from $72.00 to $79.00 and gave the stock an “outperform” rating in a report on Thursday, April 4th. UBS Group lifted their target price on Vistra from $85.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Finally, Guggenheim upgraded Vistra to a “strong-buy” rating in a report on Tuesday, May 7th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Vistra has a consensus rating of “Buy” and a consensus price target of $87.83.

Vistra Price Performance

The company has a current ratio of 1.08, a quick ratio of 0.96 and a debt-to-equity ratio of 3.06. The stock has a market capitalization of $31.30 billion, a P/E ratio of 56.08 and a beta of 1.05. The stock has a 50 day moving average of $90.71 and a 200-day moving average of $66.88.

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

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Wednesday, June 19th were given a dividend of $0.218 per share. The ex-dividend date of this dividend was Tuesday, June 18th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. This represents a $0.87 dividend on an annualized basis and a yield of 0.97%. Vistra’s payout ratio is 53.37%.

Insider Buying and Selling at Vistra

In related news, Director Lisa Crutchfield purchased 335 shares of Vistra stock in a transaction dated Monday, June 10th. The stock was purchased at an average cost of $89.46 per share, with a total value of $29,969.10. Following the transaction, the director now owns 32,186 shares in the company, valued at approximately $2,879,359.56. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 1.42% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Mather Group LLC. purchased a new position in Vistra during the 1st quarter worth $26,000. Blue Trust Inc. raised its holdings in shares of Vistra by 160.7% during the fourth quarter. Blue Trust Inc. now owns 717 shares of the company’s stock valued at $28,000 after acquiring an additional 442 shares during the last quarter. Lindbrook Capital LLC raised its holdings in shares of Vistra by 64.4% during the fourth quarter. Lindbrook Capital LLC now owns 840 shares of the company’s stock valued at $32,000 after acquiring an additional 329 shares during the last quarter. New Covenant Trust Company N.A. acquired a new position in shares of Vistra during the first quarter valued at approximately $32,000. Finally, Rise Advisors LLC acquired a new position in shares of Vistra during the fourth quarter valued at approximately $35,000. 90.88% of the stock is owned by institutional investors.

About Vistra

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.