Brokerages Set Vistra Corp. (NYSE:VST) Price Target at $145.40

Vistra Corp. (NYSE:VST) has received a consensus rating of “Buy” from the ten ratings firms that are currently covering the company, Marketbeat.com reports. Ten investment analysts have rated the stock with a buy rating. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $145.40.

A number of equities analysts have weighed in on the stock. Guggenheim upped their price target 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. Morgan Stanley upped their target price on shares of Vistra from $110.00 to $132.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. BNP Paribas started coverage on Vistra in a report on Monday, October 14th. They set an “outperform” rating and a $231.00 price target on the stock. UBS Group dropped their price objective on Vistra from $157.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, October 22nd. Finally, BMO Capital Markets lifted their target price on Vistra from $146.00 to $147.00 and gave the company an “outperform” rating in a research note on Tuesday, October 29th.

Vistra Stock Performance

Shares of NYSE VST opened at $126.26 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. Vistra has a 12-month low of $33.84 and a 12-month high of $143.87. The firm has a market capitalization of $43.38 billion, a price-to-earnings ratio of 92.84 and a beta of 1.09. The firm has a 50 day moving average of $110.89 and a 200 day moving average of $93.99.

Vistra (NYSE:VST) last issued its quarterly earnings data 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). Vistra had a net margin of 4.61% and a return on equity of 21.05%. The business had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $4.04 billion. During the same period in the previous year, the firm earned $1.03 EPS. On average, research analysts anticipate that Vistra will post 4.02 earnings per share for the current year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be given a $0.221 dividend. This represents a $0.88 annualized dividend and a yield of 0.70%. This is a boost from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, December 20th. Vistra’s payout ratio is 64.71%.

Hedge Funds Weigh In On Vistra

A number of institutional investors have recently modified their holdings of the stock. Empire Life Investments Inc. purchased a new stake in Vistra in the third quarter worth about $23,028,000. Terra Nova Asset Management LLC purchased a new stake in shares of Vistra in the 3rd quarter worth approximately $842,000. Czech National Bank lifted its position in shares of Vistra by 12.4% in the 3rd quarter. Czech National Bank now owns 69,987 shares of the company’s stock worth $8,296,000 after purchasing an additional 7,747 shares during the period. Viking Fund Management LLC purchased a new stake in shares of Vistra in the 3rd quarter worth approximately $1,185,000. Finally, Atria Investments Inc purchased a new position in Vistra during the first quarter valued at approximately $1,675,000. 90.88% of the stock is owned by hedge funds and other institutional investors.

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.