Key Points
- Vistra director Paul Barbas sold 244 shares on June 12 at an average price of $147.93, totaling $36,094.92. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- Vistra reported strong quarterly results, posting $2.87 EPS versus the $1.32 consensus estimate and revenue of $5.64 billion, above analyst expectations. Analysts now forecast full-year EPS of 9.31.
- The company also announced a quarterly dividend of $0.229 per share, payable June 30, for an annualized yield of about 0.6%. Meanwhile, analysts remain broadly bullish, with an average Buy rating and a $230.44 average price target.
Vistra Corp. (NYSE:VST - Get Free Report) Director Paul Barbas sold 244 shares of the company's stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $147.93, for a total value of $36,094.92. Following the completion of the transaction, the director owned 53,250 shares in the company, valued at $7,877,272.50. This represents a 0.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Vistra Stock Performance
Shares of Vistra stock opened at $158.53 on Wednesday. Vistra Corp. has a 52 week low of $132.66 and a 52 week high of $219.82. The business's fifty day simple moving average is $153.72 and its 200-day simple moving average is $159.85. The firm has a market cap of $53.45 billion, a PE ratio of 26.55 and a beta of 1.40. The company has a quick ratio of 0.79, a current ratio of 0.90 and a debt-to-equity ratio of 5.51.
Vistra (NYSE:VST - Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported $2.87 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 business had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.22 billion. Equities analysts forecast that Vistra Corp. will post 9.31 earnings per share for the current year.
Vistra Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 22nd will be given a dividend of $0.229 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, June 22nd. This is an increase from Vistra's previous quarterly dividend of $0.23. Vistra's dividend payout ratio is 15.24%.
Analysts Set New Price Targets
Several research analysts have recently commented on VST shares. Seaport Research Partners restated a "buy" rating and set a $230.00 price target on shares of Vistra in a research report on Monday. Sanford C. Bernstein set a $187.00 target price on Vistra in a research note on Tuesday. Raymond James Financial set a $208.00 target price on Vistra in a research report on Monday, April 27th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $241.00 target price on shares of Vistra in a research report on Monday, March 2nd. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $212.00 target price on shares of Vistra in a research report on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Vistra presently has an average rating of "Buy" and an average target price of $230.44.
Check Out Our Latest Research Report on VST
Hedge Funds Weigh In On Vistra
Several hedge funds and other institutional investors have recently made changes to their positions in VST. Empowered Funds LLC boosted its stake in shares of Vistra by 24.1% in the 1st quarter. Empowered Funds LLC now owns 20,190 shares of the company's stock valued at $2,371,000 after buying an additional 3,920 shares during the period. Woodline Partners LP boosted its stake in shares of Vistra by 40.7% in the 1st quarter. Woodline Partners LP now owns 28,744 shares of the company's stock valued at $3,376,000 after buying an additional 8,312 shares during the period. Focus Partners Wealth boosted its stake in shares of Vistra by 37.3% in the 1st quarter. Focus Partners Wealth now owns 7,828 shares of the company's stock valued at $920,000 after buying an additional 2,125 shares during the period. Sivia Capital Partners LLC purchased a new position in shares of Vistra in the 2nd quarter valued at about $269,000. Finally, Slocum Gordon & Co LLP boosted its stake in shares of Vistra by 20.0% in the 2nd quarter. Slocum Gordon & Co LLP now owns 1,200 shares of the company's stock valued at $233,000 after buying an additional 200 shares during the period. Hedge funds and other institutional investors own 90.88% of the company's stock.
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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