Vistra (NYSE:VST) Stock Price Up 2.2% - What's Next?

Vistra Corp. (NYSE:VST - Get Free Report)'s stock price shot up 2.2% on Monday . The stock traded as high as $109.18 and last traded at $100.19. 5,328,844 shares were traded during trading, a decline of 32% from the average session volume of 7,806,108 shares. The stock had previously closed at $98.07.

Wall Street Analyst Weigh In

Several research firms recently commented on VST. Daiwa America raised shares of Vistra to a "hold" rating in a research note on Wednesday, March 5th. BMO Capital Markets lifted their price objective on shares of Vistra from $151.00 to $191.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 22nd. UBS Group dropped their price target on Vistra from $174.00 to $154.00 and set a "buy" rating on the stock in a research report on Friday. The Goldman Sachs Group assumed coverage on Vistra in a research note on Friday, April 4th. They set a "neutral" rating and a $134.00 target price on the stock. Finally, Daiwa Capital Markets began coverage on Vistra in a report on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 target price on the stock. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, Vistra currently has an average rating of "Moderate Buy" and a consensus price target of $159.69.

Vistra Trading Up 1.3 %

The company has a market capitalization of $37.64 billion, a P/E ratio of 20.43, a P/E/G ratio of 1.12 and a beta of 1.21. The company has a 50-day simple moving average of $134.31 and a 200 day simple moving average of $141.40. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11.

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Vistra Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 20th were given a dividend of $0.2235 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $0.89 dividend on an annualized basis and a yield of 0.81%. This is a positive change from Vistra's previous quarterly dividend of $0.22. Vistra's payout ratio is 12.62%.

Insider Buying and Selling at Vistra

In related news, Director John William Pitesa bought 1,500 shares of Vistra stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average price of $126.75 per share, for a total transaction of $190,125.00. Following the completion of the purchase, the director now owns 3,467 shares in the company, valued at approximately $439,442.25. This represents a 76.26 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Paul M. Barbas sold 24,136 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $124.19, for a total value of $2,997,449.84. Following the transaction, the director now 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 disclosure for this sale can be found here. Insiders own 1.42% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. StoneCrest Wealth Management Inc. acquired a new position in shares of Vistra in the 1st quarter valued at $214,000. AFG Fiduciary Services Limited Partnership raised its position in Vistra by 49.2% in the first quarter. AFG Fiduciary Services Limited Partnership now owns 2,521 shares of the company's stock worth $298,000 after purchasing an additional 831 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Vistra by 88.0% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,074 shares of the company's stock worth $361,000 after purchasing an additional 1,439 shares during the period. Gilman Hill Asset Management LLC acquired a new stake in Vistra during the first quarter valued at approximately $264,000. Finally, Grassi Investment Management grew its stake in shares of Vistra by 349.5% in the 1st quarter. Grassi Investment Management now owns 12,475 shares of the company's stock valued at $1,465,000 after purchasing an additional 9,700 shares during the period. 90.88% of the stock is owned by institutional investors.

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.