Vistra (NYSE:VST) Trading Down 5.9% - Here's What Happened

Shares of Vistra Corp. (NYSE:VST - Get Free Report) were down 5.9% during mid-day trading on Monday . The company traded as low as $106.82 and last traded at $107.54. Approximately 3,000,728 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 7,433,178 shares. The stock had previously closed at $114.32.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on VST. Evercore ISI began 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. BMO Capital Markets increased their price objective on shares of Vistra from $151.00 to $191.00 and gave the company an "outperform" rating in a research report on Wednesday, January 22nd. UBS Group lifted their price objective 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. Bank of America upgraded shares of Vistra from a "neutral" rating to a "buy" rating and lowered their target price for the stock from $164.00 to $152.00 in a research note on Tuesday, March 4th. Finally, Morgan Stanley raised their price target on Vistra from $135.00 to $169.00 and gave the company an "overweight" rating in a research note on Friday, November 22nd. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $162.83.

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Vistra Price Performance

The firm has a market capitalization of $40.32 billion, a PE ratio of 22.14, a P/E/G ratio of 1.12 and a beta of 1.21. 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 company has a fifty day moving average price of $156.60 and a two-hundred day moving average price of $136.53.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 20th will be issued a $0.2235 dividend. This is an increase 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 dividend payout ratio is presently 12.62%.

Hedge Funds Weigh In On Vistra

Institutional investors have recently modified their holdings of the business. Centaurus Financial Inc. boosted its stake in Vistra by 213.4% during the 4th quarter. Centaurus Financial Inc. now owns 6,479 shares of the company's stock worth $893,000 after purchasing an additional 4,412 shares during the period. Anchor Pointe Wealth Management LLC purchased a new stake in shares of Vistra in the fourth quarter valued at about $271,000. IronOak Wealth LLC. acquired a new stake in shares of Vistra during the fourth quarter worth about $862,000. Castle Rock Wealth Management LLC purchased a new position in shares of Vistra during the fourth quarter worth about $562,000. Finally, Park Square Financial Group LLC acquired a new position in Vistra in the 4th quarter valued at about $216,000. 90.88% of the stock is owned by institutional investors and hedge funds.

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.