Vistra (NYSE:VST) Stock Price Down 3.5%

Shares of Vistra Corp. (NYSE:VST) were down 3.5% on Wednesday . The stock traded as low as $77.47 and last traded at $77.66. Approximately 670,742 shares traded hands during trading, a decline of 90% from the average daily volume of 6,754,528 shares. The stock had previously closed at $80.45.

Analyst Ratings Changes

Several equities research analysts have weighed in on VST shares. Guggenheim raised shares of Vistra to a “strong-buy” rating in a research report on Tuesday, May 7th. Janney Montgomery Scott began coverage on shares of Vistra in a research report on Thursday, April 18th. They set a “buy” rating and a $82.00 price target for the company. UBS Group raised their price target on Vistra from $85.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, May 9th. BMO Capital Markets lifted their price objective on Vistra from $79.00 to $109.00 and gave the stock an “outperform” rating in a report on Friday, May 10th. Finally, Morgan Stanley upped their price target on shares of Vistra from $86.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, May 28th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $87.83.

Vistra Trading Down 1.0 %

The stock has a fifty day moving average of $83.30 and a 200 day moving average of $73.75. The company has a debt-to-equity ratio of 3.06, a quick ratio of 0.96 and a current ratio of 1.08. The company has a market capitalization of $27.68 billion, a P/E ratio of 49.33 and a beta of 1.05.

Vistra (NYSE:VST) last announced 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 22.61%. The company had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $4.04 billion. During the same quarter last year, the firm posted $1.03 earnings per share. As a group, equities research analysts anticipate that Vistra Corp. will post 4.86 EPS for the current fiscal year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 20th will be issued a $0.2195 dividend. The ex-dividend date of this dividend is Friday, September 20th. This is a boost from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a yield of 1.10%. Vistra’s payout ratio is currently 53.37%.

Insider Buying and Selling at Vistra

In other Vistra news, Director Lisa Crutchfield purchased 335 shares of the stock in a transaction dated Monday, June 10th. The stock was purchased at an average price of $89.46 per share, with a total value of $29,969.10. Following the transaction, the director now owns 32,186 shares of the company’s stock, valued at $2,879,359.56. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.42% of the stock is currently owned by company insiders.

Institutional Trading of Vistra

Institutional investors and hedge funds have recently bought and sold shares of the business. Redwood Wealth Management Group LLC purchased a new stake in Vistra in the 2nd quarter worth $26,000. Mather Group LLC. acquired a new position in Vistra in the 1st quarter valued at $26,000. EdgeRock Capital LLC purchased a new position in Vistra in the 2nd quarter valued at $34,000. New Covenant Trust Company N.A. acquired a new stake in Vistra during the 1st quarter worth $32,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in shares of Vistra during the second quarter worth $47,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

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.