Vistra (NYSE:VST) Stock Price Down 10% – Should You Sell?

by · The Cerbat Gem

Vistra Corp. (NYSE:VST – Get Free Report)’s stock price fell 10% during mid-day trading on Friday . The company traded as low as $92.12 and last traded at $97.34. 6,501,858 shares changed hands during mid-day trading, a decline of 16% from the average session volume of 7,757,739 shares. The stock had previously closed at $108.21.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on VST shares. Bank of America raised Vistra from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $164.00 to $152.00 in a report on Tuesday, March 4th. JPMorgan Chase & Co. lowered their price objective on shares of Vistra from $203.00 to $186.00 and set an “overweight” rating for the company in a research report on Friday, March 28th. Daiwa America raised shares of Vistra to a “hold” rating in a research note on Wednesday, March 5th. BMO Capital Markets upped their target price on shares of Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Finally, The Goldman Sachs Group began coverage on Vistra in a research report on Friday. They issued a “neutral” rating and a $134.00 price target for the company. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $161.23.

View Our Latest Research Report on VST

Vistra Stock Performance

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 stock has a market capitalization of $33.25 billion, a PE ratio of 18.24, a P/E/G ratio of 1.12 and a beta of 1.21. The firm has a fifty day moving average price of $140.32 and a two-hundred day moving average price of $141.42.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 20th were paid a $0.2235 dividend. This is a positive change from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $0.89 dividend on an annualized basis and a yield of 0.91%. Vistra’s dividend payout ratio (DPR) is presently 12.62%.

Insider Activity

In related news, Director Paul M. Barbas sold 24,136 shares of Vistra stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $124.19, for a total transaction of $2,997,449.84. Following the completion of the sale, the director now owns 51,063 shares in the company, valued at $6,341,513.97. This trade represents a 32.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John William Pitesa bought 1,500 shares of the company’s stock in a transaction on Wednesday, March 12th. The stock was bought at an average price of $126.75 per share, for a total transaction of $190,125.00. Following the completion of the purchase, the director now directly owns 3,467 shares in the company, valued at approximately $439,442.25. This represents a 76.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.42% of the company’s stock.

Institutional Investors Weigh In On Vistra

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Lionsbridge Wealth Management LLC bought a new stake in shares of Vistra in the fourth quarter valued at about $277,000. Dakota Wealth Management bought a new stake in shares of Vistra in the 4th quarter valued at about $231,000. Retirement Systems of Alabama raised its holdings in shares of Vistra by 9.6% in the 3rd quarter. Retirement Systems of Alabama now owns 78,965 shares of the company’s stock valued at $9,361,000 after purchasing an additional 6,920 shares in the last quarter. First Sabrepoint Capital Management LP purchased a new stake in shares of Vistra in the 3rd quarter worth approximately $17,781,000. Finally, Legal Advantage Investments Inc. bought a new position in shares of Vistra during the fourth quarter valued at approximately $565,000. 90.88% of the stock is owned by institutional investors.

Vistra Company Profile

(Get Free Report)

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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