Seaport Res Ptn Equities Analysts Decrease Earnings Estimates for Vistra Corp. (NYSE:VST)

Vistra Corp. (NYSE:VST) – Stock analysts at Seaport Res Ptn dropped their FY2024 earnings per share (EPS) estimates for Vistra in a research note issued on Sunday, April 14th. Seaport Res Ptn analyst A. Storozynski now anticipates that the company will post earnings per share of $4.04 for the year, down from their prior forecast of $4.14. The consensus estimate for Vistra’s current full-year earnings is $4.28 per share. Seaport Res Ptn also issued estimates for Vistra’s FY2028 earnings at $9.01 EPS.

Vistra (NYSE:VST) last announced its quarterly earnings data on Wednesday, February 28th. The company reported ($0.48) EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($1.02). The firm had revenue of $3.08 billion during the quarter, compared to analyst estimates of $5.48 billion. Vistra had a net margin of 10.10% and a return on equity of 20.05%.

A number of other equities research analysts also recently commented on VST. BMO Capital Markets raised their price objective on shares of Vistra from $52.00 to $60.00 and gave the company an “outperform” rating in a research report on Monday, March 4th. Morgan Stanley restated an “overweight” rating and issued a $78.00 price objective on shares of Vistra in a research report on Monday, March 25th. Finally, Evercore ISI lifted their price target on shares of Vistra from $72.00 to $79.00 and gave the company an “outperform” rating in a research report on Thursday, April 4th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $63.50.

Vistra Price Performance

Shares of NYSE:VST opened at $67.60 on Tuesday. The company has a quick ratio of 1.11, a current ratio of 1.18 and a debt-to-equity ratio of 4.26. The company has a market cap of $23.52 billion, a P/E ratio of 18.88 and a beta of 1.05. Vistra has a 52 week low of $22.67 and a 52 week high of $75.89. The company has a 50-day moving average price of $59.65 and a 200 day moving average price of $44.57.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of VST. Pacer Advisors Inc. increased its stake in shares of Vistra by 19,070.8% during the 4th quarter. Pacer Advisors Inc. now owns 5,566,621 shares of the company’s stock worth $214,426,000 after purchasing an additional 5,537,584 shares in the last quarter. Norges Bank purchased a new stake in Vistra in the 4th quarter worth approximately $77,523,000. Electron Capital Partners LLC grew its stake in Vistra by 468.2% in the 4th quarter. Electron Capital Partners LLC now owns 2,128,930 shares of the company’s stock worth $82,006,000 after acquiring an additional 1,754,223 shares during the period. Jupiter Asset Management Ltd. purchased a new stake in Vistra in the 3rd quarter worth approximately $57,218,000. Finally, Renaissance Technologies LLC grew its stake in Vistra by 2,443.7% in the 1st quarter. Renaissance Technologies LLC now owns 1,781,440 shares of the company’s stock worth $41,418,000 after acquiring an additional 1,711,407 shares during the period. 90.88% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Stephanie Zapata Moore sold 98,020 shares of Vistra stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $58.50, for a total transaction of $5,734,170.00. Following the completion of the sale, the executive vice president now directly owns 161,888 shares in the company, valued at approximately $9,470,448. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, EVP Scott A. Hudson sold 86,517 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $59.11, for a total transaction of $5,114,019.87. Following the completion of the transaction, the executive vice president now directly owns 254,932 shares of the company’s stock, valued at approximately $15,069,030.52. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Stephanie Zapata Moore sold 98,020 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $58.50, for a total transaction of $5,734,170.00. Following the transaction, the executive vice president now directly owns 161,888 shares of the company’s stock, valued at $9,470,448. The disclosure for this sale can be found here. In the last three months, insiders sold 257,285 shares of company stock worth $15,404,397. Company insiders own 1.42% of the company’s stock.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Wednesday, March 20th were given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.27%. This is an increase from Vistra’s previous quarterly dividend of $0.21. The ex-dividend date was Tuesday, March 19th. Vistra’s dividend payout ratio (DPR) is presently 24.02%.

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.