Vistra (NYSE:VST) Shares Up 4.2% - What's Next?

Vistra Corp. (NYSE:VST - Get Free Report)'s stock price traded up 4.2% on Wednesday . The stock traded as high as $123.73 and last traded at $119.19. 4,709,910 shares traded hands during mid-day trading, a decline of 37% from the average session volume of 7,465,228 shares. The stock had previously closed at $114.36.

Wall Street Analysts Forecast Growth

VST has been the subject of several recent analyst reports. Daiwa America upgraded shares of Vistra to a "hold" rating in a research report on Wednesday, March 5th. UBS Group lifted their price target on Vistra from $161.00 to $174.00 and gave the company a "buy" rating in a report on Friday, January 3rd. Evercore ISI began coverage on shares of Vistra in a report on Tuesday, January 21st. They issued an "outperform" rating and a $202.00 price objective for the company. Morgan Stanley boosted their price target on Vistra from $135.00 to $169.00 and gave the stock an "overweight" rating in a research report on Friday, November 22nd. Finally, Bank of America raised Vistra from a "neutral" rating to a "buy" rating and decreased their target price for the stock from $164.00 to $152.00 in a research report on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $162.83.

Vistra Stock Performance

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 cap of $40.40 billion, a price-to-earnings ratio of 22.22, a PEG ratio of 1.12 and a beta of 1.21. The stock's fifty day moving average is $156.60 and its 200-day moving average is $136.53.

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Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 20th will be paid a $0.2235 dividend. This represents a $0.89 dividend on an annualized basis and a yield of 0.75%. This is a boost from Vistra's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, March 20th. Vistra's payout ratio is presently 12.62%.

Institutional Investors Weigh In On Vistra

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Centaurus Financial Inc. raised its holdings in Vistra by 213.4% during the fourth quarter. Centaurus Financial Inc. now owns 6,479 shares of the company's stock worth $893,000 after acquiring an additional 4,412 shares in the last quarter. Anchor Pointe Wealth Management LLC acquired a new position in shares of Vistra during the 4th quarter worth about $271,000. IronOak Wealth LLC. bought a new stake in Vistra in the fourth quarter valued at approximately $862,000. Castle Rock Wealth Management LLC acquired a new stake in Vistra during the 4th quarter valued at $562,000. Finally, Park Square Financial Group LLC bought a new position in Vistra during the fourth quarter worth $216,000. 90.88% of the stock is currently 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.