Stocks of Vistra Corp. (NYSE:VST) traded higher last session on Wall Street, down -1.02% to $33.15.
According to the data, Vistra Corp. (NYSE:VST) has 9 analysts covering its stock. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $40.00 and a low of $31.00, we find $35.00. Given the previous closing price of $33.49, this indicates a potential upside of 4.51 percent. VST stock price is now 11.51% away from the 50-day moving average and 30.73% away from the 200-day moving average. The market capitalization of the company currently stands at $12.23B.
A total of 0 analysts have issued a hold rating and 8 have given it a buy rating. Brokers who have rated the stock have averaged $35.50 as their price target over the next twelve months.
With the price target maintained at $23, BofA Securities maintained Buy rating for Vistra Corp. (NYSE: VST).
In other news, Moore Stephanie Zapata, EVP and General Counsel sold 107,466 shares of the company’s stock on Aug 14. The stock was sold for $3,247,193 at an average price of $30.22. Upon completion of the transaction, the EVP and General Counsel now directly owns 137,782 shares in the company, valued at $4.57 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 11, EVP and Chief Admin. Officer Kirby Carrie Lee sold 149,421 shares of the business’s stock. A total of $4,526,261 was realized by selling the stock at an average price of $30.29. This leaves the insider owning 160,100 shares of the company worth $5.31 million. Insiders disposed of 5,708,609 shares of company stock worth roughly $189.24 million over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in VST stock. A new stake in Vistra Corp. shares was purchased by STEADFAST CAPITAL MANAGEMENT LP during the first quarter worth $85,196,000. GOLDENTREE ASSET MANAGEMENT LP invested $55,538,000 in shares of VST during the first quarter. In the first quarter, 683 CAPITAL MANAGEMENT, LLC acquired a new stake in Vistra Corp. valued at approximately $38,786,000. KINGDON CAPITAL MANAGEMENT, L.L.C. acquired a new stake in VST for approximately $11,603,000. COVALIS CAPITAL LLP purchased a new stake in VST valued at around $7,630,000 in the second quarter. In total, there are 616 active investors with 98.42% ownership of the company’s stock.
Tuesday’s opening bell rang with an opening price of $33.46 for Vistra Corp. (NYSE: VST). During the past 12 months, Vistra Corp. has had a low of $20.76 and a high of $34.28. As of last week, the company has a debt-to-equity ratio of 3.63, a current ratio of 1.20, and a quick ratio of 1.10. The fifty day moving average price for VST is $29.86 and a two-hundred day moving average price translates $25.40 for the stock.
The latest earnings results from Vistra Corp. (NYSE: VST) was released for Jun, 2023. According to the Utilities – Independent Power Producers Company, earnings per share came in at $1.17, beating analysts’ expectations of $0.82 by 0.35. This compares to -$3.27 EPS in the same period last year. The net profit margin was 8.70% and return on equity was 44.40% for VST. The company reported revenue of $3.19 billion for the quarter, compared to $1.59 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 100.82 percent. For the current quarter, analysts expect VST to generate $6.63B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/29/2023. Investors who held shares on 09/20/2023 were paid a $0.206 dividend. On an annualized basis, this represents a $0.82 dividend and a 2.49% percent yield. There was an ex-dividend date of 09/19/2023 for this dividend. In terms of dividend payout ratio, VST is presently at 21.00%.
Vistra Corp.(VST) 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 20 states in the United States and the District of Columbia. In addition, the company is involved in the electricity generation, wholesale energy purchases and sales, commodity risk management, fuel production, and fuel logistics management activities. It serves approximately 3.5 million customers with a generation capacity of approximately 37,000 megawatts with a portfolio of natural gas, nuclear, coal, solar, and battery energy storage facilities. The company was formerly known as Vistra Energy Corp. and changed its name to Vistra Corp. in July 2020. Vistra Corp. was founded in 1882 and is based in Irving, Texas.