Vistra Corp. (NYSE:VST - Get Free Report) shot up 3% during trading on Tuesday . The stock traded as high as $120.72 and last traded at $120.98. 1,581,798 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 9,062,354 shares. The stock had previously closed at $117.44.
Wall Street Analysts Forecast Growth
Several research firms have commented on VST. JPMorgan Chase & Co. decreased their target price on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. UBS Group raised their price objective on Vistra from $161.00 to $174.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. BMO Capital Markets boosted their price objective on Vistra from $151.00 to $191.00 and gave the company an "outperform" rating in a research report on Wednesday, January 22nd. Daiwa Capital Markets initiated coverage on Vistra in a research report on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 target price for the company. Finally, Evercore ISI assumed coverage on shares of Vistra in a report on Tuesday, January 21st. They issued an "outperform" rating and a $202.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $163.50.
Get Our Latest Report on VST
Vistra Stock Up 2.0 %
The firm has a market capitalization of $42.43 billion, a price-to-earnings ratio of 23.26, a P/E/G ratio of 1.12 and a beta of 1.21. The firm has a fifty day moving average price of $145.05 and a 200 day moving average price of $141.35. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68.
Vistra Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 20th were issued a dividend of $0.2235 per share. This represents a $0.89 annualized dividend and a dividend yield of 0.72%. The ex-dividend date was Thursday, March 20th. This is a boost from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio is presently 12.62%.
Insider Activity at Vistra
In other news, Director Paul M. Barbas sold 24,136 shares of the business's 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 sale, the director now owns 51,063 shares in the company, valued at $6,341,513.97. The trade was a 32.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John William Pitesa purchased 1,500 shares of the business's stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average cost of $126.75 per share, for a total transaction of $190,125.00. Following the purchase, the director now directly owns 3,467 shares of the company's stock, valued at $439,442.25. This trade represents a 76.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.42% of the stock is currently owned by company insiders.
Institutional Trading of Vistra
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd bought a new stake in shares of Vistra during the third quarter worth approximately $222,000. Townsquare Capital LLC raised its position in shares of Vistra by 12.9% during the 3rd quarter. Townsquare Capital LLC now owns 4,838 shares of the company's stock valued at $573,000 after acquiring an additional 554 shares during the last quarter. Hantz Financial Services Inc. acquired a new position in shares of Vistra in the 3rd quarter valued at $192,000. Rockefeller Capital Management L.P. boosted its position in shares of Vistra by 68.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 21,474 shares of the company's stock worth $2,545,000 after purchasing an additional 8,727 shares during the last quarter. Finally, Captrust Financial Advisors grew its stake in shares of Vistra by 2.5% during the third quarter. Captrust Financial Advisors now owns 42,970 shares of the company's stock worth $5,094,000 after purchasing an additional 1,028 shares during the period. 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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