BMO Capital Markets Boosts Vistra (NYSE:VST) Price Target to $125.00

Vistra (NYSE:VST) had its price target raised by BMO Capital Markets from $120.00 to $125.00 in a report published on Friday, Benzinga reports. They currently have an outperform rating on the stock.

Several other equities analysts have also recently commented on the stock. Jefferies Financial Group began coverage on shares of Vistra in a research note on Friday, September 13th. They set a buy rating and a $99.00 price objective for the company. Morgan Stanley upped their target price on Vistra from $109.00 to $110.00 and gave the stock an overweight rating in a research note on Friday, August 23rd. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Vistra has an average rating of Buy and an average target price of $100.83.

Vistra Stock Up 16.3 %

Shares of NYSE VST opened at $107.88 on Friday. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.88 and a current ratio of 0.98. The company has a market capitalization of $37.48 billion, a P/E ratio of 66.18 and a beta of 1.08. The company’s 50 day moving average price is $80.15 and its 200-day moving average price is $80.85. Vistra has a 52-week low of $31.16 and a 52-week high of $108.26.

Vistra (NYSE:VST) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.69). The company had revenue of $3.85 billion for the quarter, compared to analyst estimates of $4.04 billion. Vistra had a return on equity of 21.05% and a net margin of 4.61%. During the same period last year, the business earned $1.03 EPS. Equities analysts forecast that Vistra will post 4.52 earnings per share for the current year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 20th will be given a $0.2195 dividend. This represents a $0.88 annualized dividend and a yield of 0.81%. This is a boost from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, September 20th. Vistra’s dividend payout ratio (DPR) is presently 53.37%.

Hedge Funds Weigh In On Vistra

Institutional investors have recently bought and sold shares of the stock. Lone Pine Capital LLC raised its position in shares of Vistra by 6.6% during the second quarter. Lone Pine Capital LLC now owns 6,838,007 shares of the company’s stock valued at $587,932,000 after buying an additional 425,126 shares during the last quarter. Third Point LLC boosted its position in Vistra by 27.6% during the fourth quarter. Third Point LLC now owns 4,600,000 shares of the company’s stock valued at $177,192,000 after purchasing an additional 995,748 shares in the last quarter. Castle Hook Partners LP boosted its stake in Vistra by 470.0% in the first quarter. Castle Hook Partners LP now owns 3,769,842 shares of the company’s stock valued at $262,569,000 after acquiring an additional 3,108,511 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Vistra by 11.5% in the 4th quarter. Wellington Management Group LLP now owns 3,519,475 shares of the company’s stock valued at $135,570,000 after purchasing an additional 363,897 shares during the last quarter. Finally, TD Asset Management Inc increased its holdings in shares of Vistra by 9,668.5% in the first quarter. TD Asset Management Inc now owns 2,940,113 shares of the company’s stock valued at $204,779,000 after purchasing an additional 2,910,015 shares during the period. 90.88% of the stock is owned by institutional investors.

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.