Vistra (NYSE:VST) Trading Down 1.7% - Here's What Happened

Vistra Corp. (NYSE:VST - Get Free Report) shares fell 1.7% during trading on Tuesday . The company traded as low as $124.34 and last traded at $125.57. 1,477,963 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 6,906,718 shares. The stock had previously closed at $127.78.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. UBS Group cut their price target on Vistra from $157.00 to $150.00 and set a "buy" rating on the stock in a research note on Tuesday, October 22nd. Royal Bank of Canada lifted their price target on shares of Vistra from $105.00 to $141.00 and gave the stock an "outperform" rating in a research report on Thursday, October 3rd. Morgan Stanley increased their price objective on shares of Vistra from $110.00 to $132.00 and gave the company an "overweight" rating in a report on Monday, September 23rd. Jefferies Financial Group lifted their target price on shares of Vistra from $99.00 to $137.00 and gave the stock a "buy" rating in a report on Tuesday, September 24th. Finally, BNP Paribas assumed coverage on Vistra in a research note on Monday, October 14th. They issued an "outperform" rating and a $231.00 price target on the stock. Ten research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $145.40.

Vistra Stock Down 0.9 %

The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.88 and a current ratio of 0.98. The firm's fifty day simple moving average is $106.31 and its 200 day simple moving average is $91.86. The stock has a market capitalization of $44.01 billion, a price-to-earnings ratio of 77.71 and a beta of 1.10.

Vistra (NYSE:VST - Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported $0.90 earnings per share 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 company had revenue of $3.85 billion during the quarter, compared to analyst estimates of $4.04 billion. During the same period in the previous year, the company posted $1.03 earnings per share. On average, sell-side analysts forecast that Vistra Corp. will post 4.02 earnings per share for the current year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 20th were given a $0.2195 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date was Friday, September 20th. This is a positive change from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio (DPR) is currently 53.37%.

Hedge Funds Weigh In On Vistra

A number of large investors have recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Vistra in the third quarter worth $30,000. CVA Family Office LLC boosted its stake in shares of Vistra by 1,505.9% during the 3rd quarter. CVA Family Office LLC now owns 273 shares of the company's stock worth $32,000 after acquiring an additional 256 shares during the period. Redwood Wealth Management Group LLC acquired a new position in shares of Vistra during the 2nd quarter worth approximately $26,000. ORG Wealth Partners LLC bought a new stake in Vistra in the 3rd quarter valued at $40,000. Finally, Fortitude Family Office LLC lifted its holdings in Vistra by 125.0% during the 3rd quarter. Fortitude Family Office LLC now owns 360 shares of the company's stock valued at $43,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds 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.