Seaport Res Ptn Comments on Vistra FY2024 Earnings

Vistra Corp. (NYSE:VST - Free Report) - Investment analysts at Seaport Res Ptn issued their FY2024 earnings per share estimates for shares of Vistra in a research note issued on Monday, January 27th. Seaport Res Ptn analyst A. Storozynski anticipates that the company will post earnings per share of $6.16 for the year. The consensus estimate for Vistra's current full-year earnings is $7.00 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.

Several other equities analysts also recently weighed in on the company. JPMorgan Chase & Co. assumed coverage on Vistra in a report on Thursday, October 17th. They set an "overweight" rating and a $178.00 price target for the company. Morgan Stanley upped their price objective on Vistra from $135.00 to $169.00 and gave the company an "overweight" rating in a research report on Friday, November 22nd. Royal Bank of Canada lifted their target price on Vistra from $105.00 to $141.00 and gave the stock an "outperform" rating in a report on Thursday, October 3rd. UBS Group increased their price objective on Vistra from $161.00 to $174.00 and gave the company a "buy" rating in a research report on Friday, January 3rd. Finally, Guggenheim boosted their target price on Vistra from $133.00 to $177.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $171.64.

Vistra Stock Performance

Shares of VST opened at $176.28 on Thursday. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. The business's 50 day moving average price is $156.12 and its 200-day moving average price is $121.82. Vistra has a 52 week low of $40.78 and a 52 week high of $199.84. The stock has a market cap of $59.98 billion, a P/E ratio of 32.89, a P/E/G ratio of 1.05 and a beta of 1.21.

Vistra (NYSE:VST - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported $5.25 EPS for the quarter, beating the consensus estimate of $1.24 by $4.01. Vistra had a return on equity of 57.63% and a net margin of 12.51%. The business had revenue of $6.29 billion during the quarter, compared to analyst estimates of $4.96 billion. During the same quarter last year, the firm posted $1.25 earnings per share.

Vistra declared that its board has approved a stock repurchase program on Thursday, November 7th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 2.1% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board believes its shares are undervalued.

Insider Transactions at Vistra

In related news, EVP Scott A. Hudson sold 115,000 shares of the business's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $164.16, for a total transaction of $18,878,400.00. Following the completion of the transaction, the executive vice president now directly owns 254,932 shares in the company, valued at approximately $41,849,637.12. The trade was a 31.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Scott B. Helm sold 20,000 shares of the company's stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $139.77, for a total transaction of $2,795,400.00. Following the completion of the transaction, the director now 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 disclosure for this sale can be found here. Insiders have sold 342,100 shares of company stock worth $55,087,314 in the last quarter. Company insiders own 1.42% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of VST. Csenge Advisory Group lifted its position in shares of Vistra by 1.7% in the fourth quarter. Csenge Advisory Group now owns 5,096 shares of the company's stock valued at $703,000 after acquiring an additional 83 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in Vistra during the 4th quarter valued at approximately $3,785,000. Everhart Financial Group Inc. purchased a new position in Vistra in the 4th quarter worth approximately $260,000. Montag A & Associates Inc. boosted its stake in Vistra by 119.1% in the 4th quarter. Montag A & Associates Inc. now owns 26,354 shares of the company's stock worth $3,633,000 after purchasing an additional 14,328 shares during the period. Finally, Aveo Capital Partners LLC purchased a new stake in Vistra during the 4th quarter valued at approximately $253,000. 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.