Vistra Corp. (NYSE:VST - Get Free Report)'s stock price dropped 10% during mid-day trading on Friday . The company traded as low as $92.12 and last traded at $97.34. Approximately 6,501,858 shares changed hands during mid-day trading, a decline of 16% from the average daily volume of 7,757,739 shares. The stock had previously closed at $108.21.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on VST. Bank of America raised shares of 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 research note on Tuesday, March 4th. BMO Capital Markets increased their target price on shares of Vistra from $151.00 to $191.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 22nd. Evercore ISI began coverage on Vistra in a report on Tuesday, January 21st. They issued an "outperform" rating and a $202.00 price objective on the stock. Daiwa Capital Markets initiated coverage on Vistra in a research note on Wednesday, March 5th. They set a "neutral" rating and a $120.00 target price for the company. Finally, UBS Group lifted their price target on shares of Vistra from $161.00 to $174.00 and gave the company a "buy" rating in a research note on Friday, January 3rd. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $161.23.
Get Our Latest Stock Report on Vistra
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 stock's 50 day simple moving average is $137.61 and its two-hundred day simple moving average is $141.53. The firm has a market capitalization of $34.72 billion, a PE ratio of 19.04, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21.
Vistra Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 20th were paid 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 0.88%. 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 Paul M. Barbas sold 24,136 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $124.19, for a total value of $2,997,449.84. Following the transaction, the director now directly owns 51,063 shares in the company, valued at approximately $6,341,513.97. This represents a 32.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John William Pitesa acquired 1,500 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average price of $126.75 per share, with a total value 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 $439,442.25. This trade represents a 76.26 % increase in their position. The disclosure for this purchase can be found here. 1.42% of the stock is owned by company insiders.
Institutional Trading of Vistra
Several institutional investors and hedge funds have recently bought and sold shares of VST. Avior Wealth Management LLC raised its stake in shares of 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 acquiring an additional 65 shares during the period. Pathway Financial Advisers LLC raised its position in Vistra by 616.0% in the fourth quarter. Pathway Financial Advisers LLC now owns 179 shares of the company's stock valued at $25,000 after purchasing an additional 154 shares during the period. Founders Capital Management acquired a new position in Vistra during the fourth quarter worth $28,000. West Branch Capital LLC purchased a new position in shares of Vistra during the fourth quarter worth $28,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new position in shares of Vistra during the fourth quarter worth $28,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.
Vistra Company Profile
(
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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