Vistra (NYSE:VST) Given New $298.00 Price Target at Scotiabank

Vistra (NYSE:VST) had its price objective boosted by Scotiabank from $293.00 to $298.00 in a research note published on Wednesday, MarketBeat Ratings reports. The firm currently has a sector outperform rating on the stock.

A number of other analysts also recently weighed in on VST. Weiss Ratings upgraded Vistra from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Raymond James Financial set a $208.00 price objective on Vistra in a research report on Monday, April 27th. Sanford C. Bernstein set a $187.00 target price on Vistra and gave the company an “outperform” rating in a report on Tuesday, June 16th. TD Cowen decreased their target price on shares of Vistra from $253.00 to $230.00 and set a “buy” rating for the company in a research report on Monday, May 4th. Finally, Seaport Research Partners restated a “buy” rating and issued a $230.00 price target on shares of Vistra in a research report on Monday, June 15th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Vistra has a consensus rating of “Buy” and an average target price of $230.62.

Vistra Stock Performance

NYSE VST opened at $160.24 on Wednesday. The firm’s fifty day moving average price is $154.02 and its two-hundred day moving average price is $158.51. The stock has a market cap of $54.03 billion, a PE ratio of 26.84 and a beta of 1.40. Vistra has a fifty-two week low of $132.66 and a fifty-two week high of $219.82. The company has a debt-to-equity ratio of 5.51, a quick ratio of 0.79 and a current ratio of 0.90.

Vistra (NYSE:VST) last announced its quarterly earnings results on Thursday, May 7th. The company reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $1.55. Vistra had a net margin of 11.52% and a return on equity of 105.64%. The company had revenue of $5.64 billion during the quarter, compared to the consensus estimate of $5.22 billion. On average, equities analysts expect that Vistra will post 9.52 EPS for the current fiscal year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd were paid a $0.229 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.6%. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Monday, June 22nd. Vistra’s dividend payout ratio (DPR) is currently 15.41%.

Insider Buying and Selling

In other Vistra news, Director John R. Sult sold 6,500 shares of Vistra stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $170.00, for a total transaction of $1,105,000.00. Following the transaction, the director directly owned 70,714 shares of the company’s stock, valued at $12,021,380. The trade was a 8.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paul M. Barbas sold 244 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $153.00, for a total transaction of $37,332.00. Following the completion of the sale, the director owned 53,006 shares of the company’s stock, valued at approximately $8,109,918. The trade was a 0.46% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 41,588 shares of company stock worth $6,739,227 in the last ninety days. Corporate insiders own 0.92% of the company’s stock.

Institutional Investors Weigh In On Vistra

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in Vistra during the fourth quarter worth $25,000. Mcguire Capital Advisors Inc. bought a new position in Vistra in the 4th quarter valued at $28,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Vistra during the 4th quarter valued at $30,000. Triumph Capital Management purchased a new stake in shares of Vistra during the 3rd quarter valued at $38,000. Finally, Strive Asset Management LLC bought a new stake in shares of Vistra during the 3rd quarter worth $38,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Vistra Company Profile

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.