Vistra (NYSE:VST) Trading 2.4% Higher – Time to Buy?

Vistra Corp. (NYSE:VST) shares were up 2.4% on Wednesday . The company traded as high as $128.70 and last traded at $127.99. Approximately 1,706,256 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 6,960,267 shares. The stock had previously closed at $125.04.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Royal Bank of Canada lifted their price target on Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. UBS Group cut their target price on Vistra from $157.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday. Guggenheim increased 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. JPMorgan Chase & Co. initiated coverage on shares of Vistra in a report on Thursday, October 17th. They set an “overweight” rating and a $178.00 price objective on the stock. Finally, Jefferies Financial Group upped their target price on shares of Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $145.30.

Vistra Trading Down 0.4 %

The stock has a market capitalization of $43.63 billion, a PE ratio of 77.03 and a beta of 1.10. The company has a current ratio of 0.98, a quick ratio of 0.88 and a debt-to-equity ratio of 2.89. The firm has a 50-day moving average price of $103.54 and a 200-day moving average price of $90.43.

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 analysts’ consensus estimates of $1.59 by ($0.69). The company had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $4.04 billion. Vistra had a return on equity of 21.05% and a net margin of 4.61%. During the same quarter last year, the business posted $1.03 EPS. As a group, equities analysts forecast that Vistra Corp. will post 4.73 EPS for the current fiscal year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 20th were issued a $0.2195 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date was Friday, September 20th. This is a boost from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is 53.37%.

Hedge Funds Weigh In On Vistra

Several institutional investors and hedge funds have recently bought and sold shares of the company. Diversify Advisory Services LLC purchased a new position in shares of Vistra during the 3rd quarter valued at $504,000. Integrated Advisors Network LLC bought a new stake in Vistra in the 3rd quarter valued at about $6,125,000. Fortitude Family Office LLC lifted its holdings in Vistra by 125.0% during the third quarter. Fortitude Family Office LLC now owns 360 shares of the company’s stock valued at $43,000 after purchasing an additional 200 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in Vistra by 104.1% during the third quarter. Nisa Investment Advisors LLC now owns 107,141 shares of the company’s stock worth $12,700,000 after purchasing an additional 54,645 shares during the period. Finally, First American Bank purchased a new position in shares of Vistra in the third quarter worth about $1,786,000. 90.88% of the stock is owned by institutional investors.

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.