Vistra Corp. (NYSE:VST) Receives $125.50 Consensus Target Price from Brokerages

Shares of Vistra Corp. (NYSE:VST) have been assigned a consensus recommendation of “Buy” from the eight research firms that are presently covering the firm, MarketBeat reports. Eight analysts have rated the stock with a buy rating. The average 12-month target price among brokerages that have covered the stock in the last year is $125.50.

VST has been the subject of a number of recent research reports. BMO Capital Markets restated an “outperform” rating and set a $146.00 price target (up previously from $125.00) on shares of Vistra in a research note on Friday, October 4th. Jefferies Financial Group lifted their price target on Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Morgan Stanley raised their target price on Vistra from $110.00 to $132.00 and gave the company an “overweight” rating in a report on Monday, September 23rd. Royal Bank of Canada increased their target price on shares of Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Finally, Guggenheim upped their price objective on shares of Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th.

Hedge Funds Weigh In On Vistra

Hedge funds have recently made changes to their positions in the stock. Simplicity Wealth LLC lifted its holdings in shares of Vistra by 3.0% in the second quarter. Simplicity Wealth LLC now owns 3,883 shares of the company’s stock worth $334,000 after buying an additional 112 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its position in shares of Vistra by 38.6% during 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. Apella Capital LLC grew its holdings in shares of Vistra by 4.9% during the third quarter. Apella Capital LLC now owns 3,542 shares of the company’s stock worth $444,000 after purchasing an additional 164 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of Vistra by 0.5% in the first quarter. State of Alaska Department of Revenue now owns 36,465 shares of the company’s stock worth $2,539,000 after purchasing an additional 170 shares during the last quarter. Finally, IAM Advisory LLC lifted its position in Vistra by 1.8% during the third quarter. IAM Advisory LLC now owns 10,329 shares of the company’s stock valued at $1,224,000 after purchasing an additional 180 shares during the last quarter. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Vistra Stock Performance

VST stock opened at $125.29 on Thursday. The firm has a market cap of $43.04 billion, a PE ratio of 92.13 and a beta of 1.10. 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 50-day moving average price of $94.21 and a 200-day moving average price of $86.93. Vistra has a 1-year low of $31.40 and a 1-year high of $143.87.

Vistra (NYSE:VST) last announced 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 net margin of 4.61% and a return on equity of 21.05%. The company had revenue of $3.85 billion for the quarter, compared to analyst estimates of $4.04 billion. During the same quarter in the prior year, the company posted $1.03 EPS. As a group, equities research analysts expect that Vistra will post 4.7 earnings per share for the current year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 20th were paid a dividend of $0.2195 per share. This is a boost from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend was Friday, September 20th. Vistra’s dividend payout ratio is presently 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.