Vistra (NYSE:VST) Trading Down 3.1% – What’s Next?

Vistra Corp. (NYSE:VST)’s share price fell 3.1% during trading on Monday . The company traded as low as $111.50 and last traded at $115.81. 5,057,368 shares traded hands during trading, a decline of 27% from the average session volume of 6,882,823 shares. The stock had previously closed at $119.51.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on VST. BNP Paribas began coverage on Vistra in a report on Monday, October 14th. They issued an “outperform” rating and a $231.00 target price on the stock. Guggenheim raised their target price on Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Jefferies Financial Group raised their target price on Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. BMO Capital Markets raised their price objective on Vistra from $146.00 to $147.00 and gave the company an “outperform” rating in a report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. initiated coverage on Vistra in a report on Thursday, October 17th. They set an “overweight” rating and a $178.00 price objective on the stock. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $145.40.

Vistra Price Performance

The company has a fifty day simple moving average of $108.66 and a 200 day simple moving average of $93.02. 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 stock has a market capitalization of $40.07 billion, a price-to-earnings ratio of 85.31 and a beta of 1.09.

Vistra (NYSE:VST) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.69). Vistra had a return on equity of 21.05% and a net margin of 4.61%. The business had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $4.04 billion. During the same period last year, the business posted $1.03 earnings per share. Equities research analysts forecast that Vistra Corp. will post 4.02 EPS for the current fiscal year.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be given a $0.221 dividend. The ex-dividend date of this dividend is Friday, December 20th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a dividend yield of 0.76%. Vistra’s dividend payout ratio (DPR) is 64.71%.

Institutional Trading of Vistra

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Vistra in the 3rd quarter valued at about $30,000. CVA Family Office LLC boosted its stake in Vistra by 1,505.9% during the 3rd quarter. CVA Family Office LLC now owns 273 shares of the company’s stock valued at $32,000 after purchasing an additional 256 shares during the last quarter. Redwood Wealth Management Group LLC acquired a new position in Vistra during the 2nd quarter valued at about $26,000. ORG Wealth Partners LLC acquired a new position in Vistra during the 3rd quarter valued at about $40,000. Finally, Fortitude Family Office LLC boosted its stake in Vistra by 125.0% during the 3rd quarter. Fortitude Family Office LLC now owns 360 shares of the company’s stock valued at $43,000 after purchasing an additional 200 shares during the last quarter. 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.