Brokerages Set Vistra Corp. (NYSE:VST) PT at $87.83

Vistra Corp. (NYSE:VST) has earned a consensus recommendation of “Buy” from the seven brokerages that are currently covering the company, Marketbeat.com reports. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $87.83.

A number of research firms recently issued reports on VST. UBS Group raised their price target on Vistra from $85.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Evercore ISI raised their price target on Vistra from $72.00 to $79.00 and gave the stock an “outperform” rating in a report on Thursday, April 4th. BMO Capital Markets lifted their price objective on Vistra from $79.00 to $109.00 and gave the company an “outperform” rating in a report on Friday, May 10th. Guggenheim raised Vistra to a “strong-buy” rating in a report on Tuesday, May 7th. Finally, Morgan Stanley lifted their price objective on Vistra from $86.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday, May 28th.

Vistra Stock Performance

Shares of VST stock opened at $91.72 on Tuesday. The stock’s 50-day moving average is $89.77 and its two-hundred day moving average is $65.36. The firm has a market cap of $31.87 billion, a price-to-earnings ratio of 56.27 and a beta of 1.05. Vistra has a 1 year low of $25.88 and a 1 year high of $107.24. The company has a debt-to-equity ratio of 3.06, a quick ratio of 0.96 and a current ratio of 1.08.

Vistra (NYSE:VST) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.39). Vistra had a return on equity of 24.72% and a net margin of 5.66%. The company had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $3.81 billion. Analysts predict that Vistra will post 3.95 earnings per share for the current year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Wednesday, June 19th were given a dividend of $0.218 per share. This represents a $0.87 dividend on an annualized basis and a dividend yield of 0.95%. This is an increase from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Tuesday, June 18th. Vistra’s dividend payout ratio (DPR) is presently 53.37%.

Insider Activity

In related news, Director Lisa Crutchfield purchased 335 shares of Vistra stock in a transaction dated Monday, June 10th. The stock was bought at an average cost of $89.46 per share, for a total transaction of $29,969.10. Following the transaction, the director now owns 32,186 shares in the company, valued at $2,879,359.56. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.42% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Mather Group LLC. acquired a new position in shares of Vistra during the 1st quarter worth approximately $26,000. New Covenant Trust Company N.A. acquired a new position in Vistra in the 1st quarter valued at $32,000. Massmutual Trust Co. FSB ADV raised its holdings in Vistra by 38.6% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 557 shares of the company’s stock valued at $48,000 after acquiring an additional 155 shares during the last quarter. Riverview Trust Co acquired a new position in Vistra in the 1st quarter valued at $39,000. Finally, ORG Partners LLC acquired a new position in Vistra in the 1st quarter valued at $46,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

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.