Vistra Corp. (NYSE:VST – Get Free Report) rose 9.2% during trading on Friday after BMO Capital Markets raised their price target on the stock from $120.00 to $125.00. BMO Capital Markets currently has an outperform rating on the stock. Vistra traded as high as $102.82 and last traded at $100.99. Approximately 5,994,213 shares changed hands during mid-day trading, a decline of 8% from the average daily volume of 6,537,883 shares. The stock had previously closed at $92.52.
VST has been the topic of a number of other reports. Morgan Stanley increased 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. Jefferies Financial Group assumed coverage on Vistra in a research note on Friday, September 13th. They issued a “buy” rating and a $99.00 price objective on the stock. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $91.71.
View Our Latest Research Report on VST
Institutional Trading of Vistra
Vistra Stock Up 15.1 %
The business’s 50-day moving average is $79.82 and its two-hundred day moving average is $80.21. The firm has a market capitalization of $36.60 billion, a price-to-earnings ratio of 64.96 and a beta of 1.08. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.88 and a current ratio of 0.98.
Vistra (NYSE:VST – Get Free Report) last posted its earnings results 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). The firm had revenue of $3.85 billion during the quarter, compared to analyst estimates of $4.04 billion. Vistra had a return on equity of 21.05% and a net margin of 4.61%. During the same quarter last year, the business posted $1.03 earnings per share. On average, equities analysts anticipate that Vistra Corp. will post 4.52 earnings per share for the current year.
Vistra Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 20th will be issued a $0.2195 dividend. This is an increase from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Friday, September 20th. Vistra’s dividend payout ratio is 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.
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