Seaport Res Ptn Comments on Vistra Corp.’s FY2024 Earnings (NYSE:VST)

Vistra Corp. (NYSE:VST) – Analysts at Seaport Res Ptn issued their FY2024 EPS estimates for shares of Vistra in a report released on Thursday, September 19th. Seaport Res Ptn analyst A. Storozynski expects that the company will post earnings per share of $5.38 for the year. The consensus estimate for Vistra’s current full-year earnings is $4.52 per share. Seaport Res Ptn also issued estimates for Vistra’s FY2025 earnings at $6.58 EPS, FY2026 earnings at $8.83 EPS, FY2027 earnings at $11.67 EPS and FY2028 earnings at $16.10 EPS.

Vistra (NYSE:VST) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.90 earnings per share 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 21.05%. The business had revenue of $3.85 billion during the quarter, compared to analyst estimates of $4.04 billion. During the same quarter in the prior year, the business earned $1.03 earnings per share.

Several other research analysts have also recently issued reports on VST. Jefferies Financial Group assumed coverage on shares of Vistra in a report on Friday, September 13th. They issued a “buy” rating and a $99.00 target price for the company. BMO Capital Markets upped their price objective on shares of Vistra from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Morgan Stanley lifted their target price on Vistra from $109.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $100.83.

Vistra Price Performance

VST stock opened at $107.88 on Monday. The stock has a market cap of $37.48 billion, a price-to-earnings ratio of 66.18 and a beta of 1.08. Vistra has a fifty-two week low of $31.16 and a fifty-two week high of $108.26. 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 business has a 50 day moving average price of $80.15 and a 200 day moving average price of $80.85.

Hedge Funds Weigh In On Vistra

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Mather Group LLC. acquired a new position in shares of Vistra in the first quarter valued at approximately $26,000. Redwood Wealth Management Group LLC acquired a new position in Vistra in the 2nd quarter valued at $26,000. New Covenant Trust Company N.A. purchased a new position in Vistra during the 1st quarter worth $32,000. EdgeRock Capital LLC acquired a new stake in shares of Vistra in the 2nd quarter worth $34,000. Finally, Riverview Trust Co purchased a new stake in shares of Vistra in the first quarter valued at about $39,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 20th will be paid a dividend of $0.2195 per share. This is an increase from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date is Friday, September 20th. This represents a $0.88 annualized dividend and a dividend yield of 0.81%. Vistra’s dividend payout ratio is 53.37%.

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.