Vistra (NYSE:VST) Shares Down 0.1% - What's Next?

Vistra Corp. (NYSE:VST - Get Free Report) shares fell 0.1% during trading on Tuesday . The stock traded as low as $143.13 and last traded at $146.49. 1,482,136 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 6,879,207 shares. The stock had previously closed at $146.63.

Analysts Set New Price Targets

VST has been the topic of a number of research analyst reports. UBS Group dropped their price target on shares of Vistra from $157.00 to $150.00 and set a "buy" rating on the stock in a research note on Tuesday, October 22nd. Jefferies Financial Group increased their price objective on Vistra from $99.00 to $137.00 and gave the company a "buy" rating in a research note on Tuesday, September 24th. BMO Capital Markets raised their target price on Vistra from $146.00 to $147.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 29th. Morgan Stanley raised their target price on Vistra from $110.00 to $132.00 and gave the stock an "overweight" rating in a research note on Monday, September 23rd. Finally, Royal Bank of Canada raised their target price on Vistra from $105.00 to $141.00 and gave the stock an "outperform" rating in a research note on Thursday, October 3rd. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $145.40.

Vistra Stock Up 4.2 %

The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. The firm has a market cap of $51.99 billion, a price-to-earnings ratio of 27.33 and a beta of 1.09. The firm has a 50-day moving average price of $120.95 and a two-hundred day moving average price of $97.99.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be given a dividend of $0.221 per share. This is a positive change from Vistra's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.88 annualized dividend and a yield of 0.58%. Vistra's payout ratio is 16.42%.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Empire Life Investments Inc. acquired a new position in Vistra during the third quarter worth approximately $23,028,000. Terra Nova Asset Management LLC acquired a new position in Vistra during the third quarter worth approximately $842,000. Czech National Bank increased its holdings in shares of Vistra by 12.4% in the third quarter. Czech National Bank now owns 69,987 shares of the company's stock valued at $8,296,000 after purchasing an additional 7,747 shares during the period. Viking Fund Management LLC purchased a new stake in shares of Vistra during the third quarter worth approximately $1,185,000. Finally, CIBC Asset Management Inc raised its stake in shares of Vistra by 12.4% during the third quarter. CIBC Asset Management Inc now owns 50,380 shares of the company's stock worth $5,972,000 after purchasing an additional 5,575 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.

Vistra Company Profile

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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