Key Points
- Vistra CAO Margaret Montemayor sold 5,000 shares on May 27 at an average price of $164.96, totaling about $824,800. After the sale, she still held 14,360 shares, cutting her position by 25.83%.
- The company reported strong quarterly earnings, posting EPS of $2.87 versus analyst expectations of $1.32 and revenue of $5.64 billion, both above estimates.
- Vistra recently raised its dividend to $0.229 per share quarterly, or $0.92 annualized, and Wall Street remains bullish with a consensus “Buy” rating and an average price target of $233.33.
Vistra Corp. (NYSE:VST - Get Free Report) CAO Margaret Montemayor sold 5,000 shares of the business's stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $164.96, for a total value of $824,800.00. Following the completion of the sale, the chief accounting officer owned 14,360 shares in the company, valued at $2,368,825.60. This represents a 25.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Vistra Price Performance
VST stock opened at $160.10 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.79 and a debt-to-equity ratio of 5.51. The company has a market capitalization of $53.98 billion, a PE ratio of 26.82 and a beta of 1.43. Vistra Corp. has a 12-month low of $132.66 and a 12-month high of $219.82. The business's fifty day moving average price is $154.20 and its 200 day moving average price is $162.07.
Vistra (NYSE:VST - Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $1.55. Vistra had a return on equity of 105.64% and a net margin of 11.52%.The firm had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.22 billion. On average, sell-side analysts anticipate that Vistra Corp. will post 9.3 EPS for the current year.
Vistra Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd will be given a dividend of $0.229 per share. The ex-dividend date of this dividend is Monday, June 22nd. This represents a $0.92 annualized dividend and a dividend yield of 0.6%. This is an increase from Vistra's previous quarterly dividend of $0.23. Vistra's payout ratio is currently 15.24%.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on VST shares. Weiss Ratings raised Vistra from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday, May 11th. TD Cowen decreased their target price on Vistra from $253.00 to $230.00 and set a "buy" rating for the company in a research report on Monday, May 4th. Wells Fargo & Company decreased their target price on Vistra from $236.00 to $234.00 and set an "overweight" rating for the company in a research report on Friday, February 27th. Jefferies Financial Group reissued a "buy" rating and issued a $190.00 target price on shares of Vistra in a research report on Thursday, May 21st. Finally, The Goldman Sachs Group raised Vistra from a "neutral" rating to a "buy" rating and set a $205.00 target price for the company in a research report on Friday, February 6th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Vistra has a consensus rating of "Buy" and an average price target of $233.33.
Read Our Latest Stock Analysis on Vistra
Institutional Trading of Vistra
A number of hedge funds have recently added to or reduced their stakes in VST. Norges Bank acquired a new stake in Vistra during the 4th quarter worth approximately $746,729,000. Capital World Investors acquired a new stake in Vistra during the 4th quarter worth approximately $574,499,000. Rubric Capital Management LP purchased a new position in shares of Vistra during the 4th quarter worth approximately $322,660,000. Amundi raised its stake in shares of Vistra by 72.3% during the 4th quarter. Amundi now owns 1,949,568 shares of the company's stock worth $314,524,000 after buying an additional 817,876 shares in the last quarter. Finally, Corient Private Wealth LLC raised its stake in shares of Vistra by 585.0% during the 4th quarter. Corient Private Wealth LLC now owns 907,611 shares of the company's stock worth $146,425,000 after buying an additional 775,104 shares in the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.
Vistra Company Profile
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Get Free Report)
Vistra (NYSE: VST) is an integrated power company that develops, owns and operates electricity generation and retail businesses in the United States. The company's operations span wholesale power production—through a diversified fleet of thermal and lower‑carbon generation assets—and retail electricity supply to residential, commercial and industrial customers. Vistra serves organized wholesale markets and competitive retail markets, with a notable presence in Texas and other regional U.S. power markets.
Vistra's core activities include the ownership and operation of generation facilities, the commercial dispatch and optimization of those assets into wholesale markets, and the sale of electricity and related services to end-use customers through its retail brands.
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