By otakuyassine3@gmail.com 
Shares of Vistra Corp. (NYSE:VST – Get Free Report) have received an average rating of “Buy” from the ten brokerages that are presently covering the stock, MarketBeat.com reports. Ten equities research analysts have rated the stock with a buy rating. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $149.10.
Several analysts recently weighed in on the stock. Guggenheim lifted their price objective on shares of Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. BMO Capital Markets boosted their price objective on Vistra from $146.00 to $147.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. Royal Bank of Canada increased their price objective on Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Jefferies Financial Group boosted their price target on Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Finally, JPMorgan Chase & Co. assumed coverage on Vistra in a report on Thursday, October 17th. They set an “overweight” rating and a $178.00 price target on the stock.
Get Our Latest Analysis on Vistra
Vistra Price Performance
Shares of NYSE VST opened at $140.09 on Tuesday. Vistra has a 1-year low of $37.77 and a 1-year high of $168.67. The firm has a market capitalization of $47.66 billion, a PE ratio of 26.14, a P/E/G ratio of 1.86 and a beta of 1.16. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. The business’s fifty day moving average price is $142.17 and its two-hundred day moving average price is $109.95.
Vistra Increases Dividend
The firm also recently declared 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. The ex-dividend date is Friday, December 20th. This is a boost from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a yield of 0.63%. Vistra’s payout ratio is 16.42%.
Vistra declared that its board has authorized a stock buyback plan on Thursday, November 7th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to buy up to 2.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.
Insider Transactions at Vistra
In other news, Director Scott B. Helm sold 20,000 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $139.77, for a total transaction of $2,795,400.00. Following the completion of the sale, the director now directly owns 343,350 shares of the company’s stock, valued at $47,990,029.50. This trade represents a 5.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Scott A. Hudson sold 115,000 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $164.16, for a total value of $18,878,400.00. Following the sale, the executive vice president now directly owns 254,932 shares in the company, valued at $41,849,637.12. This trade represents a 31.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 342,100 shares of company stock valued at $55,087,314 in the last quarter. Insiders own 1.42% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of Vistra in the 3rd quarter valued at approximately $30,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Vistra during the 3rd quarter valued at $30,000. CVA Family Office LLC lifted its holdings in shares of Vistra by 1,505.9% in the third quarter. CVA Family Office LLC now owns 273 shares of the company’s stock valued at $32,000 after purchasing an additional 256 shares in the last quarter. RPg Family Wealth Advisory LLC acquired a new stake in shares of Vistra in the third quarter worth $36,000. Finally, Redwood Wealth Management Group LLC purchased a new position in shares of Vistra during the second quarter valued at $26,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.
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.
Read More
Receive News & Ratings for Vistra Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Vistra and related companies with MarketBeat.com’s FREE daily email newsletter.