Vistra (NYSE:VST) Stock Price Down 3.3% – Here’s Why

Vistra Corp. (NYSE:VST)’s stock price traded down 3.3% during trading on Tuesday . The company traded as low as $126.52 and last traded at $127.84. 3,371,148 shares traded hands during trading, a decline of 52% from the average session volume of 6,962,672 shares. The stock had previously closed at $132.26.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. BMO Capital Markets reaffirmed an “outperform” rating and set a $146.00 target price (up from $125.00) on shares of Vistra in a research note on Friday, October 4th. Morgan Stanley lifted their target price on shares of Vistra from $110.00 to $132.00 and gave the company an “overweight” rating in a research report on Monday, September 23rd. BNP Paribas initiated coverage on shares of Vistra in a research note on Monday. They issued an “outperform” rating and a $231.00 price target on the stock. Royal Bank of Canada raised their target price on Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Finally, Guggenheim upped their price target on Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $137.22.

Vistra Trading Down 2.1 %

The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.88 and a current ratio of 0.98. The company has a market cap of $44.50 billion, a P/E ratio of 95.35 and a beta of 1.10. The business has a fifty day simple moving average of $95.45 and a 200 day simple moving average of $87.50.

Vistra (NYSE:VST) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.69). The company had revenue of $3.85 billion for the quarter, compared to analyst estimates of $4.04 billion. Vistra had a return on equity of 21.05% and a net margin of 4.61%. During the same quarter in the previous year, the firm posted $1.03 EPS. Analysts anticipate that Vistra Corp. will post 4.7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 20th were issued a $0.2195 dividend. The ex-dividend date was Friday, September 20th. This is a boost from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a yield of 0.68%. Vistra’s dividend payout ratio is currently 64.71%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Creative Planning increased its position in Vistra by 33.3% in the 3rd quarter. Creative Planning now owns 31,052 shares of the company’s stock worth $3,681,000 after buying an additional 7,753 shares during the period. Wedge Capital Management L L P NC raised its stake in Vistra by 4.0% during the 3rd quarter. Wedge Capital Management L L P NC now owns 168,166 shares of the company’s stock valued at $19,934,000 after purchasing an additional 6,503 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in shares of Vistra during the third quarter valued at about $40,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Vistra during the third quarter valued at about $30,000. Finally, Viking Fund Management LLC acquired a new position in Vistra in the 3rd quarter valued at approximately $1,185,000. 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.