FY2024 EPS Estimates for Vistra Lifted by Seaport Res Ptn

Vistra Corp. (NYSE:VST) – Research analysts at Seaport Res Ptn raised their FY2024 earnings estimates for shares of Vistra in a research report issued on Tuesday, October 22nd. Seaport Res Ptn analyst A. Storozynski now anticipates that the company will post earnings of $5.44 per share for the year, up from their previous forecast of $5.38. The consensus estimate for Vistra’s current full-year earnings is $4.70 per share. Seaport Res Ptn also issued estimates for Vistra’s FY2028 earnings at $15.62 EPS.

A number of other research firms also recently weighed in on VST. Royal Bank of Canada upped their price target on shares of Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Morgan Stanley upped their price target on shares of Vistra from $110.00 to $132.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. UBS Group decreased their price objective on shares of Vistra from $157.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday. JPMorgan Chase & Co. assumed coverage on shares of Vistra in a report on Thursday, October 17th. They issued an “overweight” rating and a $178.00 price objective for the company. Finally, BNP Paribas assumed coverage on shares of Vistra in a report on Monday, October 14th. They issued an “outperform” rating and a $231.00 price objective for the company. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $145.30.

Vistra Price Performance

Shares of NYSE:VST opened at $126.11 on Wednesday. The company’s fifty day moving average is $102.66 and its two-hundred day moving average is $90.19. The company has a quick ratio of 0.88, a current ratio of 0.98 and a debt-to-equity ratio of 2.89. Vistra has a 12-month low of $31.92 and a 12-month high of $143.87. The company has a market cap of $43.33 billion, a P/E ratio of 92.73 and a beta of 1.10.

Vistra (NYSE:VST) last announced its earnings results on Thursday, August 8th. The company reported $0.90 earnings per share (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 for the quarter, compared to analyst estimates of $4.04 billion. During the same period last year, the firm earned $1.03 earnings per share.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 20th were issued a dividend of $0.2195 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.70%. This is a boost 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 64.71%.

Institutional Investors Weigh In On Vistra

Hedge funds have recently bought and sold shares of the company. Lone Pine Capital LLC raised its position in shares of Vistra by 6.6% during the second quarter. Lone Pine Capital LLC now owns 6,838,007 shares of the company’s stock valued at $587,932,000 after buying an additional 425,126 shares during the last quarter. Castle Hook Partners LP raised its position in shares of Vistra by 470.0% during the first quarter. Castle Hook Partners LP now owns 3,769,842 shares of the company’s stock valued at $262,569,000 after buying an additional 3,108,511 shares during the last quarter. TD Asset Management Inc raised its position in shares of Vistra by 9,668.5% during the first quarter. TD Asset Management Inc now owns 2,940,113 shares of the company’s stock valued at $204,779,000 after buying an additional 2,910,015 shares during the last quarter. GQG Partners LLC raised its position in shares of Vistra by 25.1% during the first quarter. GQG Partners LLC now owns 2,564,705 shares of the company’s stock valued at $178,632,000 after buying an additional 514,722 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Vistra by 115.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,532,657 shares of the company’s stock valued at $217,758,000 after buying an additional 1,356,488 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors.

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.