Vistra (NYSE:VST) Stock Price Up 2.6% - Should You Buy?

Vistra Corp. (NYSE:VST - Get Free Report)'s stock price traded up 2.6% during mid-day trading on Monday . The company traded as high as $118.20 and last traded at $114.63. 1,586,530 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 7,880,564 shares. The stock had previously closed at $111.71.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on VST shares. The Goldman Sachs Group assumed coverage on shares of Vistra in a research report on Friday, April 4th. They issued a "neutral" rating and a $134.00 price target on the stock. Bank of America raised Vistra from a "neutral" rating to a "buy" rating and decreased their price target for the stock from $164.00 to $152.00 in a research note on Tuesday, March 4th. BMO Capital Markets boosted their price objective on shares of Vistra from $151.00 to $191.00 and gave the company an "outperform" rating in a research report on Wednesday, January 22nd. Daiwa America raised Vistra to a "hold" rating in a research report on Wednesday, March 5th. Finally, UBS Group cut their price objective on shares of Vistra from $174.00 to $154.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $159.69.

Vistra Trading Up 1.1 %

The firm has a market capitalization of $39.82 billion, a price-to-earnings ratio of 21.76, a PEG ratio of 1.12 and a beta of 1.21. 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 price of $130.92 and a 200-day moving average price of $141.32.

Remove Ads

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 20th were issued a $0.2235 dividend. This is a boost from Vistra's previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $0.89 annualized dividend and a dividend yield of 0.76%. Vistra's dividend payout ratio is presently 12.62%.

Insider Buying and Selling

In related news, Director Paul M. Barbas sold 24,136 shares of the firm'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 completion of the sale, the director now owns 51,063 shares in the company, valued at $6,341,513.97. This trade represents a 32.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John William Pitesa bought 1,500 shares of the business's stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average cost 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 in the company, valued at approximately $439,442.25. This 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 Inflows and Outflows

Large investors have recently bought and sold shares of the business. Avior Wealth Management LLC boosted its holdings in Vistra by 56.5% during the fourth quarter. Avior Wealth Management LLC now owns 180 shares of the company's stock worth $25,000 after buying an additional 65 shares in the last quarter. Pathway Financial Advisers LLC lifted its position in shares of 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 during the period. Founders Capital Management purchased a new stake 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 approximately $28,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new position in Vistra in the 4th quarter valued at approximately $28,000. Hedge funds and other institutional investors own 90.88% of the company's stock.

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.