Key Points
- Vistra EVP sold 8,219 shares at an average price of $173.35 on Nov. 24, generating about $1.425 million and reducing her stake by 9.33% to 79,854 shares (worth ~ $13.84 million).
- Dividend increased: Vistra declared a quarterly dividend of $0.227 per share (annualized $0.91, yield ~0.5%), up from $0.23, with an ex-dividend date of Dec. 22 and payment on Dec. 31.
- Quarterly results missed expectations: Vistra reported EPS of $1.75 vs. $1.78 expected and revenue of $4.97 billion vs. $6.60 billion consensus; analysts maintain a consensus "Buy" rating with a $233.20 target.
Vistra Corp. (NYSE:VST - Get Free Report) EVP Stephanie Zapata Moore sold 8,219 shares of the stock in a transaction on Monday, November 24th. The shares were sold at an average price of $173.35, for a total transaction of $1,424,763.65. Following the completion of the sale, the executive vice president owned 79,854 shares of the company's stock, valued at approximately $13,842,690.90. This represents a 9.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Vistra Price Performance
Shares of VST opened at $177.14 on Thursday. The firm has a market capitalization of $60.02 billion, a PE ratio of 63.95, a PEG ratio of 2.13 and a beta of 1.30. The company has a debt-to-equity ratio of 5.74, a current ratio of 0.99 and a quick ratio of 0.88. Vistra Corp. has a fifty-two week low of $90.51 and a fifty-two week high of $219.82. The company's 50-day moving average is $193.22 and its 200-day moving average is $188.63.
Vistra (NYSE:VST - Get Free Report) last announced its earnings results on Friday, November 7th. The company reported $1.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.78 by ($0.03). Vistra had a net margin of 6.70% and a return on equity of 64.04%. The business had revenue of $4.97 billion during the quarter, compared to the consensus estimate of $6.60 billion. Equities analysts forecast that Vistra Corp. will post 7 EPS for the current year.
Vistra Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd will be issued a dividend of $0.227 per share. This represents a $0.91 annualized dividend and a dividend yield of 0.5%. This is a boost from Vistra's previous quarterly dividend of $0.23. The ex-dividend date is Monday, December 22nd. Vistra's dividend payout ratio (DPR) is currently 32.49%.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on the stock. Jefferies Financial Group reaffirmed a "hold" rating and set a $230.00 price target (down previously from $241.00) on shares of Vistra in a research note on Monday, September 22nd. Melius began coverage on shares of Vistra in a research note on Wednesday, August 20th. They issued a "buy" rating and a $295.00 price target for the company. Morgan Stanley reaffirmed an "overweight" rating and set a $225.00 target price on shares of Vistra in a research report on Thursday, November 20th. Cowen initiated coverage on Vistra in a research note on Wednesday, October 15th. They set a "buy" rating for the company. Finally, Wall Street Zen downgraded shares of Vistra from a "hold" rating to a "sell" rating in a report on Friday, September 5th. Four equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $233.20.
View Our Latest Analysis on Vistra
Institutional Trading of Vistra
A number of hedge funds have recently bought and sold shares of the company. Bridgewater Advisors Inc. increased its stake in Vistra by 3.1% in the 3rd quarter. Bridgewater Advisors Inc. now owns 1,787 shares of the company's stock worth $350,000 after purchasing an additional 53 shares during the period. Y.D. More Investments Ltd grew its holdings in shares of Vistra by 7.1% during the 3rd quarter. Y.D. More Investments Ltd now owns 916 shares of the company's stock worth $168,000 after acquiring an additional 61 shares during the period. Equitable Holdings Inc. raised its holdings in Vistra by 0.9% in the third quarter. Equitable Holdings Inc. now owns 7,045 shares of the company's stock worth $1,380,000 after purchasing an additional 61 shares in the last quarter. Ballentine Partners LLC increased its stake in shares of Vistra by 2.0% in the 3rd quarter. Ballentine Partners LLC now owns 3,275 shares of the company's stock worth $642,000 after acquiring an additional 63 shares in the last quarter. Finally, Wealth Effects LLC boosted its position in shares of Vistra by 1.1% in the 3rd quarter. Wealth Effects LLC now owns 5,782 shares of the company's stock worth $1,133,000 after purchasing an additional 65 shares in the last quarter. Institutional investors own 90.88% of the company's stock.
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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