Vistra (NYSE:VST) Shares Up 0.3%

Vistra Corp. (NYSE:VST)’s share price shot up 0.3% during trading on Monday . The company traded as high as $118.25 and last traded at $118.04. 1,258,211 shares changed hands during trading, a decline of 81% from the average session volume of 6,759,437 shares. The stock had previously closed at $117.72.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on VST shares. Morgan Stanley boosted their price target on Vistra from $110.00 to $132.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. Jefferies Financial Group increased their price target on shares of Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Finally, BMO Capital Markets upped their price objective on Vistra from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Friday, September 20th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $110.83.

Vistra Stock Performance

The business has a 50-day simple moving average of $83.63 and a 200-day simple moving average of $82.78. The firm has a market capitalization of $40.82 billion, a PE ratio of 72.42 and a beta of 1.08. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.98 and a quick ratio of 0.88.

Vistra (NYSE:VST) last posted its quarterly earnings results 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 return on equity of 21.05% and a net margin of 4.61%. The firm had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $4.04 billion. During the same period in the previous year, the company posted $1.03 EPS. Equities research analysts expect that Vistra Corp. will post 4.7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 20th will be paid a $0.2195 dividend. This is an increase from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, September 20th. This represents a $0.88 dividend on an annualized basis and a yield of 0.74%. Vistra’s payout ratio is 53.99%.

Institutional Investors Weigh In On Vistra

Institutional investors have recently added to or reduced their stakes in the stock. Mather Group LLC. acquired a new stake in 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 worth approximately $26,000. New Covenant Trust Company N.A. purchased a new position in Vistra during the 1st quarter worth approximately $32,000. EdgeRock Capital LLC acquired a new stake in Vistra during the 2nd quarter valued at approximately $34,000. Finally, Riverview Trust Co acquired a new stake in shares of Vistra in the first quarter worth $39,000. Institutional investors own 90.88% of the company’s stock.

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.