Vistra (NYSE:VST) Shares Down 0.4%

Shares of Vistra Corp. (NYSE:VST) fell 0.4% during trading on Tuesday . The stock traded as low as $115.03 and last traded at $118.02. 1,672,061 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 6,765,682 shares. The stock had previously closed at $118.54.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley raised their price objective on shares of Vistra from $110.00 to $132.00 and gave the company an “overweight” rating in a report on Monday, September 23rd. BMO Capital Markets increased their target price on shares of Vistra from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Friday, September 20th. Finally, Jefferies Financial Group boosted 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. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Vistra presently has a consensus rating of “Buy” and a consensus price target of $110.83.

Vistra Trading Up 2.9 %

The business’s 50 day moving average is $84.42 and its two-hundred day moving average is $83.17. The company has a quick ratio of 0.88, a current ratio of 0.98 and a debt-to-equity ratio of 2.89. The firm has a market capitalization of $42.39 billion, a P/E ratio of 72.40 and a beta of 1.08.

Vistra (NYSE:VST) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.90 earnings per share 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 return on equity of 21.05% and a net margin of 4.61%. During the same period in the prior year, the business posted $1.03 EPS. Analysts expect that Vistra Corp. will post 4.7 EPS for the current year.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 20th were paid a $0.2195 dividend. This is a boost from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, September 20th. This represents a $0.88 annualized dividend and a dividend yield of 0.72%. Vistra’s payout ratio is presently 53.37%.

Institutional Investors Weigh In On Vistra

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mather Group LLC. acquired a new position in shares of Vistra during the first quarter worth approximately $26,000. Redwood Wealth Management Group LLC bought a new stake in shares of Vistra during the second quarter valued at approximately $26,000. New Covenant Trust Company N.A. bought a new stake in shares of Vistra during the first quarter valued at approximately $32,000. EdgeRock Capital LLC bought a new stake in shares of Vistra during the second quarter valued at approximately $34,000. Finally, Riverview Trust Co bought a new stake in Vistra in the first quarter valued at $39,000. 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.