Vistra Corp. (NYSE:VST) Given Average Recommendation of “Buy” by Analysts

Shares of Vistra Corp. (NYSE:VST) have been assigned an average rating of “Buy” from the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $89.43.

A number of analysts recently commented on the company. Jefferies Financial Group started coverage on Vistra in a research note on Friday. They issued a “buy” rating and a $99.00 price target for the company. Morgan Stanley lifted their price target on Vistra from $109.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd.

Hedge Funds Weigh In On Vistra

Hedge funds have recently bought and sold shares of the business. Mather Group LLC. purchased a new position in Vistra in the 1st quarter worth about $26,000. Redwood Wealth Management Group LLC purchased a new stake in shares of Vistra during the 2nd quarter valued at about $26,000. New Covenant Trust Company N.A. purchased a new stake in shares of Vistra during the 1st quarter valued at about $32,000. EdgeRock Capital LLC purchased a new stake in shares of Vistra during the 2nd quarter valued at about $34,000. Finally, Riverview Trust Co purchased a new stake in shares of Vistra during the 1st quarter valued at about $39,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Vistra Stock Performance

Shares of VST stock opened at $85.55 on Friday. The stock has a fifty day moving average of $79.90 and a 200 day moving average of $79.35. Vistra has a 52 week low of $31.16 and a 52 week high of $107.24. The firm has a market capitalization of $29.39 billion, a price-to-earnings ratio of 52.48 and a beta of 1.08. The company has a quick ratio of 0.88, a current ratio of 0.98 and a debt-to-equity ratio of 2.89.

Vistra (NYSE:VST) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.69). Vistra had a return on equity of 21.05% and a net margin of 4.61%. The business had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $4.04 billion. During the same period in the previous year, the business earned $1.03 EPS. As a group, research analysts expect that Vistra will post 4.86 earnings per share for the current year.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 20th will be given a $0.2195 dividend. This is a positive change from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, September 20th. This represents a $0.88 dividend on an annualized basis and a yield of 1.03%. Vistra’s payout ratio is 53.37%.

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.