Vistra (NYSE:VST) Stock Price Down 2% – Should You Sell?

11 Oct 2024, 14:39 by Jessica Moore · The Cerbat Gem

Vistra Corp. (NYSE:VST – Get Free Report)’s stock price traded down 2% on Friday . The stock traded as low as $114.50 and last traded at $121.66. 4,509,360 shares changed hands during mid-day trading, a decline of 35% from the average session volume of 6,924,858 shares. The stock had previously closed at $124.11.

Analyst Ratings Changes

Several analysts have weighed in on the company. Morgan Stanley raised their price target on Vistra from $110.00 to $132.00 and gave the company an “overweight” rating in a report on Monday, September 23rd. Royal Bank of Canada raised their price target on Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Guggenheim raised their price target on Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a report on Tuesday. Jefferies Financial Group raised their price target on Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $146.00 price objective (up from $125.00) on shares of Vistra in a research report on Friday, October 4th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Vistra presently has a consensus rating of “Buy” and a consensus price target of $125.50.

Check Out Our Latest Stock Report on VST

Vistra Price Performance

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 stock has a market capitalization of $42.61 billion, a P/E ratio of 90.87 and a beta of 1.10. The firm has a 50-day moving average price of $93.15 and a 200 day moving average price of $86.42.

Vistra (NYSE:VST – Get Free Report) last posted its quarterly earnings results 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). Vistra had a return on equity of 21.05% and a net margin of 4.61%. The company had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $4.04 billion. During the same quarter in the previous year, the business earned $1.03 earnings per share. On average, analysts expect that Vistra Corp. will post 4.7 EPS for the current 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 given a dividend of $0.2195 per share. This represents a $0.88 annualized dividend and a yield of 0.71%. This is a positive change from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, September 20th. Vistra’s dividend payout ratio (DPR) is presently 64.71%.

Hedge Funds Weigh In On Vistra

Institutional investors and hedge funds have recently bought and sold shares of the stock. Mather Group LLC. bought a new position in Vistra during the 1st quarter worth approximately $26,000. Redwood Wealth Management Group LLC purchased a new stake in Vistra in the 2nd quarter worth approximately $26,000. New Covenant Trust Company N.A. purchased a new stake in Vistra in the 1st quarter worth approximately $32,000. CVA Family Office LLC lifted its holdings in Vistra by 1,505.9% in the 3rd quarter. CVA Family Office LLC now owns 273 shares of the company’s stock worth $32,000 after buying an additional 256 shares during the period. Finally, EdgeRock Capital LLC purchased a new stake in Vistra in the 2nd quarter worth approximately $34,000. 90.88% of the stock is currently owned by institutional investors.

Vistra Company Profile

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