Vistra Corp. (NYSE:VST – Get Free Report)’s stock price traded up 2.3% during mid-day trading on Wednesday after Jefferies Financial Group raised their price target on the stock from $99.00 to $137.00. Jefferies Financial Group currently has a buy rating on the stock. Vistra traded as high as $118.38 and last traded at $114.99. 3,578,131 shares traded hands during mid-day trading, a decline of 46% from the average session volume of 6,687,053 shares. The stock had previously closed at $112.40.
Other research analysts have also issued reports about the stock. BMO Capital Markets increased their price target on shares of Vistra from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Friday, September 20th. Morgan Stanley raised their target price on shares of Vistra from $110.00 to $132.00 and gave the company an “overweight” rating in a research note on Monday. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $110.83.
Check Out Our Latest Analysis on VST
Hedge Funds Weigh In On Vistra
Vistra Stock Performance
The business’s fifty day moving average price is $81.19 and its 200-day moving average price is $81.57. The stock has a market cap of $39.83 billion, a PE ratio of 70.55 and a beta of 1.08. 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 – Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate 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 return on equity of 21.05% and a net margin of 4.61%. During the same quarter in the prior year, the business posted $1.03 EPS. As a group, equities research analysts forecast that Vistra Corp. will post 4.78 EPS for the current fiscal year.
Vistra Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 20th will be given a dividend of $0.2195 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Friday, September 20th. This is a boost from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio is 53.99%.
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.
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