Vistra Corp. (NYSE:VST - Get Free Report)'s share price shot up 1.9% during trading on Wednesday . The stock traded as high as $124.68 and last traded at $124.57. 1,700,911 shares were traded during mid-day trading, a decline of 78% from the average session volume of 7,710,991 shares. The stock had previously closed at $122.24.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the company. Evercore ISI began coverage on Vistra in a research note on Tuesday, January 21st. They issued an "outperform" rating and a $202.00 target price on the stock. BMO Capital Markets raised their price target 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. UBS Group boosted their price objective on shares of Vistra from $161.00 to $174.00 and gave the company a "buy" rating in a research report on Friday, January 3rd. Daiwa Capital Markets began coverage on shares of Vistra in a research report on Wednesday, March 5th. They set a "neutral" rating and a $120.00 target price on the stock. Finally, JPMorgan Chase & Co. lowered their price target on Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a report on Friday, March 28th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $163.50.
Get Our Latest Report on VST
Vistra Trading Down 15.2 %
The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. The stock has a market capitalization of $36.71 billion, a P/E ratio of 20.13, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21. The company has a 50-day moving average price of $142.18 and a 200 day moving average price of $141.02.
Vistra Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 20th were issued a $0.2235 dividend. The ex-dividend date was Thursday, March 20th. This is an increase from Vistra's previous quarterly dividend of $0.22. This represents a $0.89 dividend on an annualized basis and a yield of 0.83%. Vistra's payout ratio is currently 12.62%.
Insider Buying and Selling at Vistra
In related news, Director Paul M. Barbas sold 24,136 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were 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 of the company's stock, valued at $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 available at this link. Also, Director John William Pitesa bought 1,500 shares of the stock in a transaction on Wednesday, March 12th. The stock was purchased at an average price of $126.75 per share, with a total value of $190,125.00. Following the completion of the purchase, the director now owns 3,467 shares of the company's stock, valued at $439,442.25. This represents a 76.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.42% of the company's stock.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in VST. Modus Advisors LLC grew its stake in shares of Vistra by 10.7% during the first quarter. Modus Advisors LLC now owns 21,182 shares of the company's stock worth $2,488,000 after acquiring an additional 2,044 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in Vistra by 21.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,171 shares of the company's stock worth $138,000 after purchasing an additional 204 shares during the last quarter. 111 Capital acquired a new position in Vistra during the 4th quarter valued at approximately $465,000. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Vistra by 239.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 142,259 shares of the company's stock worth $19,613,000 after buying an additional 100,400 shares during the last quarter. Finally, Centaurus Financial Inc. lifted its stake in shares of Vistra by 213.4% during the fourth quarter. Centaurus Financial Inc. now owns 6,479 shares of the company's stock worth $893,000 after buying an additional 4,412 shares during the period. 90.88% of the stock is owned by institutional investors and hedge funds.
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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