Vistra (NYSE:VST) Shares Down 8% – What’s Next?
by Danessa Lincoln · The Markets DailyVistra Corp. (NYSE:VST – Get Free Report)’s share price traded down 8% during trading on Tuesday . The stock traded as low as $143.03 and last traded at $143.4450. 11,458,143 shares changed hands during trading, an increase of 130% from the average daily volume of 4,986,137 shares. The stock had previously closed at $155.94.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the stock. UBS Group dropped their price target on shares of Vistra from $233.00 to $227.00 and set a “buy” rating on the stock in a report on Tuesday, July 28th. Sanford C. Bernstein set a $187.00 price objective on shares of Vistra and gave the company an “outperform” rating in a report on Tuesday, June 16th. Seaport Research Partners restated a “buy” rating and set a $230.00 price objective on shares of Vistra in a research report on Monday, June 15th. TD Cowen lowered their price objective on shares of Vistra from $230.00 to $222.00 and set a “buy” rating on the stock in a research report on Monday, July 27th. Finally, Raymond James Financial set a $208.00 target price on shares of Vistra in a report on Monday, April 27th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Vistra has an average rating of “Buy” and a consensus price target of $229.88.
Get Our Latest Report on Vistra
Vistra Price Performance
The firm has a 50-day simple moving average of $155.72 and a 200-day simple moving average of $157.39. The firm has a market capitalization of $47.53 billion, a PE ratio of 23.61 and a beta of 1.41. The company has a debt-to-equity ratio of 5.51, a current ratio of 0.90 and a quick ratio of 0.79.
Vistra (NYSE:VST – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported $2.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $1.55. Vistra had a net margin of 11.52% and a return on equity of 105.64%. The company had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.22 billion. As a group, equities analysts forecast that Vistra Corp. will post 9.37 earnings per share for the current year.
Vistra Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be paid a dividend of $0.23 per share. The ex-dividend date is Monday, September 21st. This represents a $0.92 annualized dividend and a dividend yield of 0.7%. This is a boost from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio is 15.41%.
Insider Buying and Selling
In related news, Director Scott B. Helm sold 25,000 shares of Vistra stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $160.00, for a total transaction of $4,000,000.00. Following the transaction, the director directly owned 232,200 shares in the company, valued at approximately $37,152,000. The trade was a 9.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John R. Sult sold 6,500 shares of the company’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $170.00, for a total value of $1,105,000.00. Following the completion of the sale, the director owned 70,714 shares of the company’s stock, valued at approximately $12,021,380. The trade was a 8.42% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 41,588 shares of company stock valued at $6,739,227. Company insiders own 0.92% of the company’s stock.
Institutional Investors Weigh In On Vistra
Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Vistra by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 41,588,784 shares of the company’s stock worth $6,709,519,000 after purchasing an additional 390,157 shares during the period. State Street Corp grew its position in shares of Vistra by 2.7% during the fourth quarter. State Street Corp now owns 16,474,869 shares of the company’s stock valued at $2,657,891,000 after purchasing an additional 432,028 shares in the last quarter. Geode Capital Management LLC boosted its stake in Vistra by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 8,965,648 shares of the company’s stock valued at $1,441,112,000 after buying an additional 97,424 shares during the last quarter. Norges Bank purchased a new stake in shares of Vistra during the 4th quarter worth approximately $746,729,000. Finally, Invesco Ltd. grew its holdings in shares of Vistra by 0.8% in the third quarter. Invesco Ltd. now owns 4,572,642 shares of the company’s stock valued at $895,872,000 after purchasing an additional 35,258 shares in the last quarter. 90.88% of the stock is owned by institutional investors.
Vistra Company Profile
Vistra (NYSE: VST) is an integrated power company that develops, owns and operates electricity generation and retail businesses in the United States. The company’s operations span wholesale power production—through a diversified fleet of thermal and lower‑carbon generation assets—and retail electricity supply to residential, commercial and industrial customers. Vistra serves organized wholesale markets and competitive retail markets, with a notable presence in Texas and other regional U.S. power markets.
Vistra’s core activities include the ownership and operation of generation facilities, the commercial dispatch and optimization of those assets into wholesale markets, and the sale of electricity and related services to end-use customers through its retail brands.