Vistra (NYSE:VST) Reaches New 52-Week High at $123.73

Vistra Corp. (NYSE:VST) reached a new 52-week high during trading on Wednesday . The stock traded as high as $123.73 and last traded at $123.19, with a volume of 645390 shares changing hands. The stock had previously closed at $122.55.

Wall Street Analysts Forecast Growth

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

Vistra Stock Performance

The stock has a 50 day moving average of $84.42 and a 200 day moving average of $83.17. The stock has a market capitalization of $43.48 billion, a P/E ratio of 76.43 and a beta of 1.08. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.88 and a current ratio of 0.98.

Vistra (NYSE:VST) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.69). Vistra had a net margin of 4.61% and a return on equity of 21.05%. The firm had revenue of $3.85 billion during the quarter, compared to analyst estimates of $4.04 billion. During the same quarter in the previous year, the business posted $1.03 EPS. Equities analysts predict that Vistra Corp. will post 4.7 EPS for the current year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 20th were issued a $0.2195 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.70%. This is an increase from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, September 20th. Vistra’s dividend payout ratio is presently 53.37%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Atria Investments Inc purchased a new position in Vistra during the 1st quarter worth approximately $1,675,000. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Vistra by 41.2% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 115,600 shares of the company’s stock valued at $4,453,000 after buying an additional 33,738 shares in the last quarter. Stephens Inc. AR raised its position in Vistra by 633.7% during the fourth quarter. Stephens Inc. AR now owns 58,668 shares of the company’s stock valued at $2,260,000 after buying an additional 50,672 shares during the period. Intech Investment Management LLC raised its position in Vistra by 8.1% during the second quarter. Intech Investment Management LLC now owns 206,648 shares of the company’s stock valued at $17,768,000 after buying an additional 15,407 shares during the period. Finally, Banco Santander S.A. purchased a new stake in Vistra in the 1st quarter worth about $673,000. Institutional investors own 90.88% of the company’s stock.

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.