Vistra Corp. (NYSE:VST) Receives $89.43 Consensus PT from Analysts

Vistra Corp. (NYSE:VST) has received an average rating of “Buy” from the eight research firms that are covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $89.43.

VST has been the subject of several research analyst reports. Jefferies Financial Group initiated coverage on Vistra in a research report on Friday, September 13th. They set a “buy” rating and a $99.00 price target for the company. Morgan Stanley raised their price target on Vistra from $109.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd.

Institutional Trading of Vistra

Hedge funds have recently modified their holdings of the stock. Redwood Wealth Management Group LLC acquired a new stake in shares of Vistra in the second quarter valued at $26,000. Mather Group LLC. acquired a new stake in Vistra in the first quarter valued at $26,000. EdgeRock Capital LLC acquired a new stake in Vistra in the second quarter valued at $34,000. New Covenant Trust Company N.A. acquired a new stake in Vistra in the first quarter valued at $32,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in Vistra in the second quarter valued at $47,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Vistra Trading Up 2.0 %

VST opened at $91.17 on Friday. Vistra has a 52 week low of $31.16 and a 52 week high of $107.24. The business has a fifty day simple moving average of $79.83 and a 200-day simple moving average of $79.79. The firm has a market cap of $31.68 billion, a P/E ratio of 55.92 and a beta of 1.08. The company has a quick ratio of 0.88, a current ratio of 0.98 and a debt-to-equity ratio of 2.89.

Vistra (NYSE:VST) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.69). Vistra had a return on equity of 21.05% and a net margin of 4.61%. The firm had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $4.04 billion. During the same quarter in the prior year, the business earned $1.03 earnings per share. On average, equities analysts expect that Vistra will post 4.86 earnings per share for the current year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 20th will be paid a $0.2195 dividend. This is a boost from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Friday, September 20th. Vistra’s dividend payout ratio (DPR) is presently 53.37%.

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.