FY2023 Earnings Estimate for Vistra Corp. Issued By Seaport Res Ptn (NYSE:VST)

Vistra Corp. (NYSE:VSTGet Rating) – Seaport Res Ptn upped their FY2023 EPS estimates for shares of Vistra in a research note issued to investors on Wednesday, September 14th. Seaport Res Ptn analyst A. Storozynski now expects that the company will post earnings per share of $3.47 for the year, up from their previous estimate of $2.97. The consensus estimate for Vistra’s current full-year earnings is $1.01 per share. Seaport Res Ptn also issued estimates for Vistra’s FY2024 earnings at $3.38 EPS and FY2025 earnings at $3.56 EPS.

VST has been the topic of a number of other research reports. Morgan Stanley lifted their price target on shares of Vistra from $32.00 to $33.00 and gave the stock an “overweight” rating in a report on Tuesday, August 23rd. TheStreet lowered shares of Vistra from a “b-” rating to a “c+” rating in a report on Tuesday, July 5th.

Vistra Stock Performance

Shares of Vistra stock opened at $25.31 on Friday. Vistra has a fifty-two week low of $16.51 and a fifty-two week high of $27.39. The company has a debt-to-equity ratio of 3.51, a current ratio of 1.05 and a quick ratio of 1.00. The firm has a market capitalization of $10.54 billion, a P/E ratio of -10.00 and a beta of 0.90. The company’s 50 day moving average price is $24.62 and its two-hundred day moving average price is $24.22.

Vistra (NYSE:VSTGet Rating) last issued its earnings results on Friday, August 5th. The company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $1.31. Vistra had a negative net margin of 8.32% and a positive return on equity of 27.24%. The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $2.58 billion.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VST. FMR LLC boosted its holdings in Vistra by 24.2% during the second quarter. FMR LLC now owns 29,685,750 shares of the company’s stock worth $678,320,000 after purchasing an additional 5,786,238 shares during the last quarter. Laurion Capital Management LP purchased a new position in Vistra in the fourth quarter valued at about $43,470,000. Renaissance Technologies LLC boosted its stake in Vistra by 2,443.7% in the first quarter. Renaissance Technologies LLC now owns 1,781,440 shares of the company’s stock valued at $41,418,000 after acquiring an additional 1,711,407 shares during the last quarter. PointState Capital LP purchased a new position in Vistra in the first quarter valued at about $32,716,000. Finally, Point72 Asset Management L.P. boosted its stake in Vistra by 109.1% in the fourth quarter. Point72 Asset Management L.P. now owns 2,506,800 shares of the company’s stock valued at $57,080,000 after acquiring an additional 1,307,800 shares during the last quarter. 92.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Vistra news, Director Paul M. Barbas acquired 8,000 shares of Vistra stock in a transaction dated Wednesday, August 10th. The stock was purchased at an average cost of $24.90 per share, for a total transaction of $199,200.00. Following the completion of the acquisition, the director now directly owns 90,444 shares of the company’s stock, valued at $2,252,055.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.47% of the company’s stock.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Wednesday, September 21st will be paid a $0.184 dividend. This is an increase from Vistra’s previous quarterly dividend of $0.18. This represents a $0.74 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend is Tuesday, September 20th. Vistra’s payout ratio is -28.06%.

Vistra Company Profile

(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.

See Also

Earnings History and Estimates for Vistra (NYSE:VST)

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