Vistra Corp. (NYSE:VST - Get Free Report) Director Lisa Crutchfield bought 335 shares of the firm's stock in a transaction on Monday, June 10th. The shares were purchased at an average price of $89.46 per share, for a total transaction of $29,969.10. Following the purchase, the director now owns 32,186 shares in the company, valued at approximately $2,879,359.56. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Vistra Stock Up 3.4 %
Shares of VST opened at $91.22 on Wednesday. The firm has a market capitalization of $31.70 billion, a P/E ratio of 55.96 and a beta of 1.03. Vistra Corp. has a 12-month low of $24.60 and a 12-month high of $107.24. The firm has a fifty day moving average price of $83.25 and a 200-day moving average price of $59.22. The company has a current ratio of 1.08, a quick ratio of 0.96 and a debt-to-equity ratio of 3.06.
Vistra (NYSE:VST - Get Free Report) last issued its earnings results on Thursday, May 9th. The company reported $0.23 EPS for the quarter, missing analysts' consensus estimates of $0.62 by ($0.39). Vistra had a return on equity of 24.72% and a net margin of 5.66%. The company had revenue of $3.05 billion for the quarter, compared to analysts' expectations of $3.81 billion. Equities research analysts expect that Vistra Corp. will post 3.8 earnings per share for the current year.
Vistra Increases Dividend
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Wednesday, June 19th will be issued a dividend of $0.218 per share. This is an increase from Vistra's previous quarterly dividend of $0.22. This represents a $0.87 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Tuesday, June 18th. Vistra's dividend payout ratio (DPR) is presently 52.76%.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on VST shares. BMO Capital Markets increased their price objective on shares of Vistra from $79.00 to $109.00 and gave the stock an "outperform" rating in a research note on Friday, May 10th. Guggenheim raised Vistra to a "strong-buy" rating in a research note on Tuesday, May 7th. UBS Group raised their price objective on Vistra from $85.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, May 9th. Evercore ISI raised their price target on Vistra from $72.00 to $79.00 and gave the company an "outperform" rating in a report on Thursday, April 4th. Finally, Morgan Stanley boosted their target price on shares of Vistra from $86.00 to $110.00 and gave the stock an "overweight" rating in a report on Tuesday, May 28th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $87.83.
Read Our Latest Analysis on VST
Institutional Investors Weigh In On Vistra
Several hedge funds have recently made changes to their positions in VST. 3Chopt Investment Partners LLC raised its holdings in shares of Vistra by 142.2% in the fourth quarter. 3Chopt Investment Partners LLC now owns 54,969 shares of the company's stock valued at $2,117,000 after acquiring an additional 32,276 shares in the last quarter. Comerica Bank lifted its position in shares of Vistra by 90.4% in the 3rd quarter. Comerica Bank now owns 327,520 shares of the company's stock worth $10,867,000 after purchasing an additional 155,533 shares during the period. Ellsworth Advisors LLC bought a new position in shares of Vistra during the fourth quarter valued at approximately $773,000. Janney Montgomery Scott LLC raised its stake in Vistra by 4.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 145,812 shares of the company's stock worth $5,617,000 after buying an additional 5,619 shares in the last quarter. Finally, Burns Matteson Capital Management LLC purchased a new position in shares of Vistra in the 4th quarter valued at $831,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.
About Vistra
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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