FY2023 EPS Estimates for Vistra Corp. (NYSE:VST) Decreased by Seaport Res Ptn

Vistra Corp. (NYSE:VSTGet Rating) – Equities research analysts at Seaport Res Ptn dropped their FY2023 earnings estimates for Vistra in a report issued on Monday, May 9th. Seaport Res Ptn analyst A. Storozynski now anticipates that the company will post earnings of $2.53 per share for the year, down from their previous estimate of $2.64. Seaport Res Ptn also issued estimates for Vistra’s FY2025 earnings at $2.43 EPS and FY2026 earnings at $2.58 EPS.

Separately, Zacks Investment Research upgraded Vistra from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a report on Thursday, May 5th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $24.71.

VST opened at $24.29 on Thursday. Vistra has a 12 month low of $15.76 and a 12 month high of $27.10. The company has a market cap of $10.71 billion, a P/E ratio of 29.99, a P/E/G ratio of 0.20 and a beta of 0.82. The company has a current ratio of 1.35, a quick ratio of 1.24 and a debt-to-equity ratio of 1.67. The business’s 50-day moving average price is $23.78 and its 200-day moving average price is $22.14.

Vistra (NYSE:VSTGet Rating) last released its quarterly earnings data on Friday, February 25th. The company reported $1.45 EPS for the quarter, missing the consensus estimate of $3.14 by ($1.69). The company had revenue of $3.31 billion during the quarter, compared to analysts’ expectations of $4.66 billion. Vistra had a negative return on equity of 20.42% and a negative net margin of 10.55%.

Several institutional investors and hedge funds have recently modified their holdings of VST. Trustcore Financial Services LLC bought a new stake in shares of Vistra in the 1st quarter worth approximately $27,000. Counterpoint Mutual Funds LLC bought a new stake in shares of Vistra in the 4th quarter worth approximately $28,000. Rational Advisors LLC boosted its position in shares of Vistra by 128.0% in the 4th quarter. Rational Advisors LLC now owns 1,245 shares of the company’s stock worth $28,000 after purchasing an additional 699 shares in the last quarter. National Bank of Canada FI purchased a new position in Vistra in the 4th quarter worth approximately $35,000. Finally, CWM LLC raised its holdings in Vistra by 256.6% in the 1st quarter. CWM LLC now owns 1,537 shares of the company’s stock worth $36,000 after acquiring an additional 1,106 shares during the last quarter.

In other Vistra news, insider Brookfield Asset Management In sold 1,500,000 shares of Vistra stock in a transaction that occurred on Friday, May 6th. The stock was sold at an average price of $26.63, for a total transaction of $39,945,000.00. Following the sale, the insider now directly owns 16,392,780 shares of the company’s stock, valued at approximately $436,539,731.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Stephen J. Muscato sold 50,000 shares of Vistra stock in a transaction that occurred on Tuesday, March 1st. The shares were sold at an average price of $22.39, for a total value of $1,119,500.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,434,724 shares of company stock worth $88,566,947. Insiders own 1.47% of the company’s stock.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Wednesday, June 22nd will be given a dividend of $0.177 per share. This represents a $0.71 annualized dividend and a yield of 2.91%. This is a boost from Vistra’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Tuesday, June 21st. Vistra’s payout ratio is presently 83.95%.

About Vistra (Get Rating)

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 20 states in the United States and the District of Columbia.

Further Reading

Earnings History and Estimates for Vistra (NYSE:VST)

Receive News & Ratings for Vistra Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vistra and related companies with MarketBeat.com's FREE daily email newsletter.