Vistra Corp. (NYSE:VST – Get Free Report) was up 9.2% during mid-day 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.
A number of other research firms have also recently commented on VST. Jefferies Financial Group initiated coverage on shares of Vistra in a report on Friday, September 13th. They issued a “buy” rating and a $99.00 price target on the stock. Morgan Stanley lifted their price objective on shares of Vistra from $109.00 to $110.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $91.71.
View Our Latest Stock Report on VST
Institutional Investors Weigh In On Vistra
Vistra Trading Up 15.1 %
The company’s fifty day moving average is $79.82 and its two-hundred day moving average is $80.21. The company has a quick ratio of 0.88, a current ratio of 0.98 and a debt-to-equity ratio of 2.89. The stock has a market cap of $36.60 billion, a price-to-earnings ratio of 64.96 and a beta of 1.08.
Vistra (NYSE:VST – Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.69). The business had revenue of $3.85 billion during the quarter, compared to analyst estimates of $4.04 billion. Vistra had a net margin of 4.61% and a return on equity of 21.05%. During the same quarter in the prior year, the firm posted $1.03 earnings per share. On average, research analysts predict that Vistra Corp. will post 4.52 EPS for the current fiscal year.
Vistra Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 20th will be issued a $0.2195 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.82%. This is an increase from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, September 20th. Vistra’s dividend payout ratio (DPR) is 53.37%.
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.
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