Vistra Corp. (NYSE:VST) Forecasted to Post FY2024 Earnings of $5.38 Per Share

Vistra Corp. (NYSE:VST) – Investment analysts at Seaport Res Ptn issued their FY2024 EPS estimates for shares of Vistra in a research report issued to clients and investors on Thursday, September 19th. Seaport Res Ptn analyst A. Storozynski forecasts that the company will earn $5.38 per share for the year. The consensus estimate for Vistra’s current full-year earnings is $4.52 per share. Seaport Res Ptn also issued estimates for Vistra’s FY2025 earnings at $6.58 EPS, FY2026 earnings at $8.83 EPS, FY2027 earnings at $11.67 EPS and FY2028 earnings at $16.10 EPS.

VST has been the topic of several other reports. Morgan Stanley increased their price target on shares of Vistra from $109.00 to $110.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Jefferies Financial Group began coverage on Vistra in a research report on Friday, September 13th. They set a “buy” rating and a $99.00 price target for the company. Finally, BMO Capital Markets upped their price objective on Vistra from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Friday. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $100.83.

Vistra Price Performance

Shares of NYSE VST opened at $107.88 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.88 and a debt-to-equity ratio of 2.89. The stock has a market cap of $37.48 billion, a price-to-earnings ratio of 66.18 and a beta of 1.08. The company’s 50-day moving average price is $80.15 and its 200 day moving average price is $80.85. Vistra has a 52 week low of $31.16 and a 52 week high of $108.26.

Vistra (NYSE:VST) last issued its earnings results on Thursday, August 8th. The company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.69). The company had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $4.04 billion. Vistra had a net margin of 4.61% and a return on equity of 21.05%. During the same period last year, the business posted $1.03 earnings per share.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 20th will be given a $0.2195 dividend. The ex-dividend date is Friday, September 20th. This is a boost from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a dividend yield of 0.81%. Vistra’s dividend payout ratio (DPR) is currently 53.37%.

Institutional Trading of Vistra

Institutional investors and hedge funds have recently made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund grew its position in Vistra by 34.6% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 68,036 shares of the company’s stock valued at $5,850,000 after acquiring an additional 17,502 shares during the period. Newbridge Financial Services Group Inc. acquired a new stake in Vistra during the 2nd quarter worth approximately $69,000. Sanctuary Advisors LLC acquired a new stake in Vistra during the 2nd quarter worth approximately $7,829,000. Gordian Capital Singapore Pte Ltd purchased a new position in Vistra in the second quarter valued at approximately $297,000. Finally, Kestra Investment Management LLC acquired a new position in Vistra during the second quarter valued at approximately $576,000. 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.