Vistra Corp. (NYSE:VST - Get Free Report)'s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $157.65 and last traded at $154.59, with a volume of 384812 shares trading hands. The stock had previously closed at $154.86.
Analyst Ratings Changes
A number of research analysts recently weighed in on VST shares. Morgan Stanley raised their price target on shares of Vistra from $110.00 to $132.00 and gave the company an "overweight" rating in a research note on Monday, September 23rd. Guggenheim raised their price objective on shares of Vistra from $133.00 to $177.00 and gave the company a "buy" rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. started coverage on Vistra in a research note on Thursday, October 17th. They set an "overweight" rating and a $178.00 price target on the stock. BNP Paribas started coverage on shares of Vistra in a research note on Monday, October 14th. They issued an "outperform" rating and a $231.00 target price for the company. Finally, Royal Bank of Canada lifted their price target on Vistra from $105.00 to $141.00 and gave the stock an "outperform" rating in a research note on Thursday, October 3rd. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Vistra currently has a consensus rating of "Buy" and a consensus target price of $145.40.
Read Our Latest Research Report on Vistra
Vistra Price Performance
The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. The stock has a fifty day simple moving average of $122.52 and a 200-day simple moving average of $98.51. The stock has a market cap of $52.34 billion, a price-to-earnings ratio of 28.52 and a beta of 1.09.
Vistra Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be paid a $0.221 dividend. This is a boost from Vistra's previous quarterly dividend of $0.22. The ex-dividend date is Friday, December 20th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.57%. Vistra's dividend payout ratio is currently 16.42%.
Vistra announced that its Board of Directors has initiated a share repurchase program on Thursday, November 7th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to buy up to 2.1% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's leadership believes its stock is undervalued.
Hedge Funds Weigh In On Vistra
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Mark Sheptoff Financial Planning LLC acquired a new stake in Vistra in the third quarter worth about $30,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Vistra during the 3rd quarter worth approximately $30,000. CVA Family Office LLC raised its stake in shares of Vistra by 1,505.9% during the third quarter. CVA Family Office LLC now owns 273 shares of the company's stock worth $32,000 after buying an additional 256 shares during the last quarter. RPg Family Wealth Advisory LLC acquired a new position in Vistra in the third quarter valued at approximately $36,000. Finally, Redwood Wealth Management Group LLC bought a new position in Vistra in the second quarter valued at approximately $26,000. Institutional investors and hedge funds own 90.88% of the company's stock.
About Vistra
(
Get Free Report)
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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