Vistra Corp. (NYSE:VST – Free Report) – Investment analysts at Seaport Res Ptn issued their FY2024 earnings estimates for shares of Vistra in a research report issued to clients and investors on Monday, January 27th. Seaport Res Ptn analyst A. Storozynski expects that the company will post earnings of $6.16 per share for the year. The consensus estimate for Vistra’s current full-year earnings is $4.48 per share. Seaport Res Ptn also issued estimates for Vistra’s FY2025 earnings at $6.96 EPS, FY2026 earnings at $8.73 EPS and FY2027 earnings at $13.24 EPS.
Vistra (NYSE:VST – Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported $5.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $4.01. The company had revenue of $6.29 billion for the quarter, compared to analyst estimates of $4.96 billion. Vistra had a return on equity of 57.63% and a net margin of 12.51%. During the same quarter in the previous year, the company earned $1.25 earnings per share.
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Vistra Trading Up 13.6 %
VST opened at $176.28 on Thursday. Vistra has a 12 month low of $40.78 and a 12 month high of $199.84. The business has a fifty day moving average price of $156.12 and a 200 day moving average price of $121.82. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. The stock has a market capitalization of $59.98 billion, a price-to-earnings ratio of 32.89, a PEG ratio of 1.77 and a beta of 1.21.
Institutional Trading of Vistra
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Massachusetts Financial Services Co. MA lifted its position in Vistra by 51.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,826,631 shares of the company’s stock valued at $453,609,000 after purchasing an additional 1,293,974 shares during the last quarter. State Street Corp boosted its position in Vistra by 6.8% during the 3rd quarter. State Street Corp now owns 16,355,255 shares of the company’s stock worth $1,938,752,000 after acquiring an additional 1,037,402 shares during the period. Janus Henderson Group PLC grew its stake in shares of Vistra by 36.0% in the third quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company’s stock worth $448,320,000 after purchasing an additional 1,000,307 shares in the last quarter. Rubric Capital Management LP raised its stake in shares of Vistra by 60.1% during the third quarter. Rubric Capital Management LP now owns 2,125,000 shares of the company’s stock valued at $251,898,000 after purchasing an additional 797,894 shares in the last quarter. Finally, Artemis Investment Management LLP lifted its holdings in Vistra by 400.9% in the third quarter. Artemis Investment Management LLP now owns 827,000 shares of the company’s stock worth $98,033,000 after purchasing an additional 661,881 shares during the period. 90.88% of the stock is owned by institutional investors.
Insider Activity at Vistra
In other news, Director Scott B. Helm sold 20,000 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $139.77, for a total transaction of $2,795,400.00. Following the transaction, the director now directly owns 343,350 shares of the company’s stock, valued at approximately $47,990,029.50. The trade was a 5.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Stephen J. Muscato sold 207,100 shares of Vistra stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $161.34, for a total transaction of $33,413,514.00. Following the sale, the executive vice president now directly owns 318,287 shares in the company, valued at $51,352,424.58. This trade represents a 39.42 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 342,100 shares of company stock worth $55,087,314. Company insiders own 1.42% of the company’s stock.
Vistra declared that its Board of Directors has initiated a share repurchase plan on Thursday, November 7th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to purchase up to 2.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.
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.
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