Vistra Corp. (NYSE:VST) Given Average Rating of “Buy” by Brokerages

Shares of Vistra Corp. (NYSE:VST) have been assigned a consensus recommendation of “Buy” from the ten analysts that are currently covering the firm, MarketBeat.com reports. Ten research analysts have rated the stock with a buy rating. The average 12-month price target among brokers that have covered the stock in the last year is $145.40.

A number of equities research analysts recently issued reports on the company. BMO Capital Markets increased their price target on Vistra from $146.00 to $147.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. Morgan Stanley increased their target price on Vistra from $110.00 to $132.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. JPMorgan Chase & Co. started coverage on Vistra in a research note on Thursday, October 17th. They issued an “overweight” rating and a $178.00 price target for the company. Jefferies Financial Group upped their price objective on shares of Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Finally, UBS Group decreased their target price on shares of Vistra from $157.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, October 22nd.

Institutional Trading of Vistra

A number of hedge funds have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue boosted its holdings in shares of Vistra by 0.5% during the 1st quarter. State of Alaska Department of Revenue now owns 36,465 shares of the company’s stock valued at $2,539,000 after acquiring an additional 170 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Vistra during the first quarter worth about $209,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Vistra by 12.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 182,814 shares of the company’s stock valued at $12,733,000 after buying an additional 20,790 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Vistra by 186.6% in the first quarter. BNP Paribas Financial Markets now owns 327,434 shares of the company’s stock valued at $22,806,000 after buying an additional 213,202 shares during the period. Finally, Fidelis Capital Partners LLC bought a new position in Vistra in the 1st quarter valued at approximately $130,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Stock Down 4.4 %

VST opened at $119.51 on Monday. The stock has a fifty day moving average of $108.66 and a 200-day moving average of $92.85. The company has a market capitalization of $41.06 billion, a P/E ratio of 87.88 and a beta of 1.09. Vistra has a fifty-two week low of $33.84 and a fifty-two week high of $143.87. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.88 and a current ratio of 0.98.

Vistra (NYSE:VST) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.69). Vistra had a return on equity of 21.05% and a net margin of 4.61%. The business had revenue of $3.85 billion during the quarter, compared to analyst estimates of $4.04 billion. During the same quarter last year, the firm earned $1.03 EPS. On average, equities analysts expect that Vistra will post 4.02 EPS for the current year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be given a dividend of $0.221 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.74%. This is a boost from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date is Friday, December 20th. Vistra’s dividend payout ratio is currently 64.71%.

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.