Analysts Set Vistra Corp. (NYSE:VST) PT at $149.10

Shares of Vistra Corp. (NYSE:VST) have earned an average recommendation of “Buy” from the ten research firms that are presently covering the company, Marketbeat.com reports. Ten equities research analysts have rated the stock with a buy rating. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $149.10.

VST has been the subject of a number of analyst reports. Royal Bank of Canada raised their price target on Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Morgan Stanley upped their price target on Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. BMO Capital Markets raised their price target on shares of Vistra from $146.00 to $147.00 and gave the company an “outperform” rating in a report on Tuesday, October 29th. Guggenheim increased their price objective on Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Finally, BNP Paribas initiated coverage on Vistra in a research report on Monday, October 14th. They set an “outperform” rating and a $231.00 target price for the company.

Insider Activity at Vistra

In other news, Director Scott B. Helm sold 20,000 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $139.77, for a total value of $2,795,400.00. Following the transaction, the director now owns 343,350 shares of the company’s stock, valued at approximately $47,990,029.50. The trade was a 5.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Scott A. Hudson sold 115,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $164.16, for a total value of $18,878,400.00. Following the transaction, the executive vice president now owns 254,932 shares of the company’s stock, valued at approximately $41,849,637.12. The trade was a 31.09 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 342,100 shares of company stock worth $55,087,314. Corporate insiders own 1.42% of the company’s stock.

Hedge Funds Weigh In On Vistra

Several institutional investors have recently bought and sold shares of the business. Forum Financial Management LP lifted its stake in Vistra by 0.7% in the third quarter. Forum Financial Management LP now owns 11,527 shares of the company’s stock worth $1,366,000 after purchasing an additional 80 shares during the last quarter. Umpqua Bank lifted its stake in shares of Vistra by 2.2% during the 3rd quarter. Umpqua Bank now owns 3,780 shares of the company’s stock worth $448,000 after acquiring an additional 81 shares during the last quarter. OneDigital Investment Advisors LLC boosted its holdings in Vistra by 3.0% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,809 shares of the company’s stock valued at $333,000 after acquiring an additional 81 shares during the period. Douglass Winthrop Advisors LLC grew its position in Vistra by 0.9% in the 3rd quarter. Douglass Winthrop Advisors LLC now owns 11,335 shares of the company’s stock valued at $1,344,000 after acquiring an additional 100 shares during the last quarter. Finally, Interchange Capital Partners LLC increased its stake in Vistra by 4.2% in the third quarter. Interchange Capital Partners LLC now owns 2,710 shares of the company’s stock worth $321,000 after purchasing an additional 109 shares during the period. Institutional investors own 90.88% of the company’s stock.

Vistra Stock Up 0.5 %

Shares of NYSE:VST opened at $144.11 on Tuesday. The stock has a market cap of $49.03 billion, a price-to-earnings ratio of 26.89, a PEG ratio of 1.86 and a beta of 1.16. The business’s 50 day moving average is $141.81 and its 200 day moving average is $108.97. Vistra has a 12-month low of $37.77 and a 12-month high of $168.67. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be paid a $0.221 dividend. This is an increase from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend is Friday, December 20th. Vistra’s dividend payout ratio (DPR) is 16.42%.

Vistra announced that its Board of Directors has initiated a stock repurchase plan on Thursday, November 7th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to purchase up to 2.1% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.

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.