Seaport Res Ptn Predicts Vistra's FY2024 Earnings (NYSE:VST)

Vistra Corp. (NYSE:VST - Free Report) - Stock analysts at Seaport Res Ptn issued their FY2024 earnings estimates for Vistra in a report released on Monday, January 27th. Seaport Res Ptn analyst A. Storozynski forecasts that the company will earn $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 posted its quarterly earnings results on Thursday, November 7th. The company reported $5.25 earnings per share for the quarter, topping the consensus estimate of $1.24 by $4.01. Vistra had a net margin of 12.51% and a return on equity of 57.63%. The firm had revenue of $6.29 billion for the quarter, compared to the consensus estimate of $4.96 billion. During the same period last year, the firm posted $1.25 earnings per share.

A number of other equities analysts have also weighed in on the company. UBS Group boosted their price objective on Vistra from $161.00 to $174.00 and gave the stock a "buy" rating in a research note on Friday, January 3rd. Royal Bank of Canada boosted their price target on shares of Vistra from $105.00 to $141.00 and gave the company an "outperform" rating in a research report on Thursday, October 3rd. Bank of America initiated coverage on shares of Vistra in a research report on Monday. They set a "neutral" rating and a $206.00 price objective for the company. 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 target price on the stock. Finally, Morgan Stanley increased their price target on shares of Vistra from $135.00 to $169.00 and gave the company an "overweight" rating in a research note on Friday, November 22nd. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $171.64.

Vistra Price Performance

Shares of Vistra stock traded up $21.07 on Thursday, hitting $176.28. 16,949,405 shares of the company were exchanged, compared to its average volume of 10,422,455. Vistra has a 1-year low of $40.78 and a 1-year high of $199.84. 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 stock has a market capitalization of $59.98 billion, a price-to-earnings ratio of 32.89, a price-to-earnings-growth ratio of 1.77 and a beta of 1.21. The company has a 50-day moving average price of $155.91 and a 200 day moving average price of $121.44.

Vistra declared that its Board of Directors has initiated a stock repurchase program 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 programs are typically an indication that the company's board believes its stock is undervalued.

Insiders Place Their Bets

In related 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 completion of the transaction, the director now owns 343,350 shares in the company, valued at approximately $47,990,029.50. The trade was a 5.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Scott A. Hudson sold 115,000 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $164.16, for a total value of $18,878,400.00. Following the completion of the transaction, the executive vice president now 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 disclosure for this sale can be found here. Insiders have sold a total of 342,100 shares of company stock worth $55,087,314 in the last quarter. 1.42% of the stock is owned by company insiders.

Hedge Funds Weigh In On Vistra

Several hedge funds have recently made changes to their positions in VST. Massachusetts Financial Services Co. MA grew its holdings in Vistra by 51.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,826,631 shares of the company's stock worth $453,609,000 after acquiring an additional 1,293,974 shares during the period. State Street Corp grew its stake in shares of 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 purchasing an additional 1,037,402 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Vistra by 36.0% in the 3rd quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company's stock valued at $448,320,000 after purchasing an additional 1,000,307 shares in the last quarter. Rubric Capital Management LP lifted its stake in shares of Vistra by 60.1% in 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 during the period. Finally, Artemis Investment Management LLP boosted its holdings in Vistra by 400.9% during the third quarter. Artemis Investment Management LLP now owns 827,000 shares of the company's stock worth $98,033,000 after buying an additional 661,881 shares in the last quarter. Hedge funds and other 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.