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

Vistra Corp. (NYSE:VST – Get 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:VST – Get 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.

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