Vistra (NYSE:VST) Trading Up 3% - Time to Buy?

Vistra Corp. (NYSE:VST - Get Free Report)'s share price shot up 3% during mid-day trading on Tuesday . The company traded as high as $113.50 and last traded at $111.75. 3,311,903 shares traded hands during mid-day trading, a decline of 56% from the average session volume of 7,449,153 shares. The stock had previously closed at $108.49.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on VST. Daiwa America raised Vistra to a "hold" rating in a report on Wednesday, March 5th. UBS Group boosted their price objective on Vistra from $161.00 to $174.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. BMO Capital Markets boosted their price objective on Vistra from $151.00 to $191.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd. Bank of America raised Vistra from a "neutral" rating to a "buy" rating and dropped their price objective for the stock from $164.00 to $152.00 in a report on Tuesday, March 4th. Finally, Evercore ISI started coverage on Vistra in a report on Tuesday, January 21st. They set an "outperform" rating and a $202.00 price objective for the company. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Vistra currently has an average rating of "Moderate Buy" and an average target price of $162.83.

Vistra Price Performance

The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. The company has a 50-day moving average of $156.91 and a 200-day moving average of $136.63. The firm has a market capitalization of $41.49 billion, a price-to-earnings ratio of 22.83, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21.

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Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 20th will be given a $0.2235 dividend. The ex-dividend date is Thursday, March 20th. This is a positive change from Vistra's previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a dividend yield of 0.73%. Vistra's payout ratio is currently 12.62%.

Hedge Funds Weigh In On Vistra

Institutional investors and hedge funds have recently modified their holdings of the business. Axxcess Wealth Management LLC bought a new stake in Vistra in the 3rd quarter valued at approximately $742,000. Ashton Thomas Securities LLC bought a new stake in Vistra in the 3rd quarter valued at approximately $66,000. Apollon Wealth Management LLC bought a new stake in Vistra in the 3rd quarter valued at approximately $231,000. Entropy Technologies LP lifted its stake in Vistra by 18.6% in the 3rd quarter. Entropy Technologies LP now owns 40,578 shares of the company's stock valued at $4,810,000 after acquiring an additional 6,353 shares in the last quarter. Finally, Rakuten Securities Inc. lifted its stake in Vistra by 274.7% in the 3rd quarter. Rakuten Securities Inc. now owns 6,171 shares of the company's stock valued at $732,000 after acquiring an additional 4,524 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

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.