Vistra Corp. (NYSE:VST - Get Free Report)'s stock price dropped 0.3% on Friday after JPMorgan Chase & Co. lowered their price target on the stock from $203.00 to $186.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Vistra traded as low as $117.77 and last traded at $118.94. Approximately 2,290,811 shares were traded during trading, a decline of 69% from the average daily volume of 7,487,688 shares. The stock had previously closed at $119.31.
A number of other research firms also recently commented on VST. BMO Capital Markets lifted their target price 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. Daiwa America raised Vistra to a "hold" rating in a research note on Wednesday, March 5th. Evercore ISI began coverage on shares of Vistra in a report on Tuesday, January 21st. They set an "outperform" rating and a $202.00 price target on the stock. UBS Group upped their price target on shares of Vistra from $161.00 to $174.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. Finally, Bank of America upgraded shares of Vistra from a "neutral" rating to a "buy" rating and decreased their price objective for the company from $164.00 to $152.00 in a report on Tuesday, March 4th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $163.50.
Check Out Our Latest Report on Vistra
Insiders Place Their Bets
In other Vistra news, Director John William Pitesa bought 1,500 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average cost of $126.75 per share, for a total transaction of $190,125.00. Following the completion of the transaction, the director now directly owns 3,467 shares of the company's stock, valued at approximately $439,442.25. This trade represents a 76.26 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Paul M. Barbas sold 24,136 shares of Vistra stock in a transaction that occurred on 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 of the company's stock, valued at approximately $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. Corporate insiders own 1.42% of the company's stock.
Institutional Investors Weigh In On Vistra
Several large investors have recently bought and sold shares of the company. Avior Wealth Management LLC lifted its holdings in Vistra by 56.5% in the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company's stock valued at $25,000 after purchasing an additional 65 shares in the last quarter. Pathway Financial Advisers LLC grew its stake in Vistra by 616.0% during the 4th quarter. Pathway Financial Advisers LLC now owns 179 shares of the company's stock valued at $25,000 after acquiring an additional 154 shares in the last quarter. Founders Capital Management acquired a new position in shares of Vistra during the 4th quarter worth approximately $28,000. West Branch Capital LLC acquired a new stake in shares of Vistra in the 4th quarter worth $28,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new position in shares of Vistra during the 4th quarter worth $28,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.
Vistra Stock Performance
The stock has a market cap of $40.49 billion, a price-to-earnings ratio of 22.21, a PEG ratio of 1.12 and a beta of 1.21. The firm's 50-day moving average price is $147.39 and its two-hundred day moving average price is $140.40. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11.
Vistra Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 20th will be issued a $0.2235 dividend. 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 0.75%. The ex-dividend date is Thursday, March 20th. Vistra's dividend payout ratio is currently 12.62%.
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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