Vistra (NYSE:VST) Price Target Increased to $109.00 by Analysts at BMO Capital Markets

Vistra (NYSE:VST) had its price objective boosted by BMO Capital Markets from $79.00 to $109.00 in a report issued on Friday morning, Benzinga reports. BMO Capital Markets currently has an outperform rating on the stock.

Several other equities analysts have also recently commented on VST. UBS Group raised their price target on shares of Vistra from $85.00 to $110.00 and gave the company a buy rating in a research report on Thursday, May 9th. Morgan Stanley reissued an overweight rating and set a $78.00 price objective on shares of Vistra in a research report on Monday, March 25th. Evercore ISI raised their target price on shares of Vistra from $72.00 to $79.00 and gave the company an outperform rating in a report on Thursday, April 4th. Finally, Janney Montgomery Scott began coverage on shares of Vistra in a report on Thursday, April 18th. They set a buy rating and a $82.00 price target for the company. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of Buy and an average price target of $82.50.

Vistra Price Performance

VST opened at $90.18 on Friday. The firm has a market cap of $31.37 billion, a price-to-earnings ratio of 55.33 and a beta of 1.02. The company has a current ratio of 1.18, a quick ratio of 1.11 and a debt-to-equity ratio of 4.26. The stock’s 50-day moving average price is $71.05 and its 200 day moving average price is $50.65. Vistra has a 12-month low of $23.53 and a 12-month high of $96.07.

Vistra (NYSE:VST) last issued its quarterly earnings results on Wednesday, February 28th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($1.02). The business had revenue of $3.08 billion for the quarter, compared to analyst estimates of $5.48 billion. Vistra had a return on equity of 27.69% and a net margin of 5.66%. As a group, sell-side analysts expect that Vistra will post 3.61 earnings per share for the current year.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Wednesday, June 19th will be paid a dividend of $0.218 per share. This is a boost from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $0.87 annualized dividend and a yield of 0.97%. Vistra’s payout ratio is presently 52.76%.

Insider Buying and Selling at Vistra

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

Institutional Trading of Vistra

A number of large investors have recently bought and sold shares of VST. Castle Hook Partners LP raised its holdings in shares of Vistra by 470.0% in the first quarter. Castle Hook Partners LP now owns 3,769,842 shares of the company’s stock valued at $262,569,000 after buying an additional 3,108,511 shares during the last quarter. GQG Partners LLC raised its stake in Vistra by 25.1% during the 1st quarter. GQG Partners LLC now owns 2,564,705 shares of the company’s stock valued at $178,632,000 after acquiring an additional 514,722 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its position in Vistra by 1.5% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 227,215 shares of the company’s stock worth $15,827,000 after acquiring an additional 3,458 shares during the period. UniSuper Management Pty Ltd grew its stake in shares of Vistra by 84.6% in the 1st quarter. UniSuper Management Pty Ltd now owns 4,800 shares of the company’s stock valued at $334,000 after purchasing an additional 2,200 shares during the last quarter. Finally, Seven Eight Capital LP purchased a new position in shares of Vistra in the 1st quarter valued at approximately $2,350,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

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.