Vistra (NYSE:VST) Stock Price Down 0.3% - Here's What Happened

Vistra Corp. (NYSE:VST - Get Free Report)'s stock price was down 0.3% during trading on Thursday . The stock traded as low as $139.21 and last traded at $141.75. Approximately 935,896 shares traded hands during trading, a decline of 86% from the average daily volume of 6,915,132 shares. The stock had previously closed at $142.12.

Wall Street Analyst Weigh In

VST has been the subject of a number of research reports. Jefferies Financial Group boosted their price target on shares of Vistra from $99.00 to $137.00 and gave the company a "buy" rating in a research report on Tuesday, September 24th. BNP Paribas assumed coverage on Vistra in a research report on Monday, October 14th. They issued an "outperform" rating and a $231.00 target price for the company. 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 report on Thursday, October 3rd. Guggenheim upped their price target on shares of Vistra from $133.00 to $177.00 and gave the company a "buy" rating in a research report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. started coverage on shares of Vistra in a research report on Thursday, October 17th. They set an "overweight" rating and a $178.00 price objective on the stock. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $145.40.

Vistra Price Performance

The stock has a fifty day moving average of $116.89 and a two-hundred day moving average of $96.49. The stock has a market cap of $48.04 billion, a price-to-earnings ratio of 26.45 and a beta of 1.09. The company has a quick ratio of 0.88, a current ratio of 1.11 and a debt-to-equity ratio of 4.68.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors 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 annualized dividend and a dividend yield of 0.63%. Vistra's dividend payout ratio (DPR) is 16.42%.

Vistra announced that its board has approved a share buyback program on Thursday, November 7th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 2.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its shares are undervalued.

Institutional Trading of Vistra

Hedge funds have recently bought and sold shares of the company. Redwood Wealth Management Group LLC acquired a new stake in shares of Vistra in the second quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Vistra in the 3rd quarter valued at $30,000. New Covenant Trust Company N.A. purchased a new stake in shares of Vistra during the 1st quarter valued at $32,000. CVA Family Office LLC grew its stake in shares of Vistra by 1,505.9% during the 3rd quarter. CVA Family Office LLC now owns 273 shares of the company's stock valued at $32,000 after buying an additional 256 shares during the period. Finally, EdgeRock Capital LLC acquired a new stake in shares of Vistra during the 2nd quarter worth $34,000. 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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