Vistra Corp. (NYSE:VST - Get Free Report) shares were down 4.6% on Wednesday . The stock traded as low as $125.17 and last traded at $125.76. Approximately 1,717,962 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 7,480,403 shares. The stock had previously closed at $131.81.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on the company. Bank of America upgraded Vistra from a "neutral" rating to a "buy" rating and lowered their price target for the company from $164.00 to $152.00 in a report on Tuesday, March 4th. BMO Capital Markets raised their target price on shares of Vistra from $151.00 to $191.00 and gave the company an "outperform" rating in a research note on Wednesday, January 22nd. UBS Group boosted their target price on shares of Vistra from $161.00 to $174.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. Evercore ISI assumed coverage on Vistra in a research report on Tuesday, January 21st. They set an "outperform" rating and a $202.00 price objective for the company. Finally, Daiwa Capital Markets initiated coverage on Vistra in a research note on Wednesday, March 5th. They set a "neutral" rating and a $120.00 target price for the company. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $163.50.
Read Our Latest Report on VST
Vistra Trading Down 0.2 %
The business has a 50-day moving average price of $147.39 and a 200-day moving average price of $139.96. 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 firm has a market capitalization of $40.49 billion, a P/E ratio of 22.21, a PEG ratio of 1.12 and a beta of 1.21.
Vistra Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 20th will be given a dividend of $0.2235 per share. This is a positive change from Vistra's previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Thursday, March 20th. Vistra's payout ratio is 12.62%.
Insider Buying and Selling
In other Vistra news, Director Paul M. Barbas sold 24,136 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $124.19, for a total transaction of $2,997,449.84. Following the completion of the transaction, the director now directly owns 51,063 shares in the company, valued at $6,341,513.97. This represents a 32.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John William Pitesa bought 1,500 shares of Vistra stock in a transaction dated Wednesday, March 12th. The stock was purchased at an average price of $126.75 per share, for a total transaction of $190,125.00. Following the purchase, the director now directly owns 3,467 shares in the company, valued at $439,442.25. This represents a 76.26 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.42% of the company's stock.
Hedge Funds Weigh In On Vistra
Several institutional investors have recently added to or reduced their stakes in the company. 111 Capital acquired a new stake in shares of Vistra during the fourth quarter worth approximately $465,000. Wealth Enhancement Advisory Services LLC increased its holdings in Vistra by 239.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 142,259 shares of the company's stock valued at $19,613,000 after purchasing an additional 100,400 shares in the last quarter. Centaurus Financial Inc. raised its position in Vistra by 213.4% in the 4th quarter. Centaurus Financial Inc. now owns 6,479 shares of the company's stock valued at $893,000 after purchasing an additional 4,412 shares during the last quarter. Anchor Pointe Wealth Management LLC bought a new position in Vistra in the 4th quarter valued at $271,000. Finally, IronOak Wealth LLC. acquired a new position in Vistra in the fourth quarter worth $862,000. 90.88% of the stock is owned by institutional investors.
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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