Vistra (NYSE:VST) Trading 3.7% Higher – Here’s Why

Vistra Corp. (NYSE:VSTGet Free Report)’s stock price traded up 3.7% on Wednesday . The stock traded as high as $160.00 and last traded at $155.24. 6,235,605 shares traded hands during trading, a decline of 36% from the average session volume of 9,680,689 shares. The stock had previously closed at $149.64.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. BMO Capital Markets increased their price target on shares of Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. started coverage on shares of Vistra in a report on Thursday, October 17th. They set an “overweight” rating and a $178.00 price target on the stock. Evercore ISI began coverage on Vistra in a report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price objective for the company. Guggenheim boosted their target price on Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Finally, Morgan Stanley lifted their price target on Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $171.64.

View Our Latest Report on Vistra

Vistra Trading Up 4.6 %

The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. The company has a fifty day moving average of $155.89 and a two-hundred day moving average of $121.20. The stock has a market capitalization of $53.26 billion, a price-to-earnings ratio of 29.21, a price-to-earnings-growth ratio of 1.77 and a beta of 1.21.

Vistra (NYSE:VSTGet Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $5.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $4.01. The business had revenue of $6.29 billion during the quarter, compared to the consensus estimate of $4.96 billion. Vistra had a net margin of 12.51% and a return on equity of 57.63%. During the same period in the prior year, the firm earned $1.25 EPS. On average, research analysts expect that Vistra Corp. will post 4.48 EPS for the current year.

Vistra announced that its Board of Directors has authorized a stock repurchase plan on Thursday, November 7th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to reacquire up to 2.1% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Vistra

In related news, Director Scott B. Helm sold 20,000 shares of Vistra stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $139.77, for a total transaction of $2,795,400.00. Following the sale, the director now directly owns 343,350 shares of the company’s stock, valued at $47,990,029.50. This trade represents a 5.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Scott A. Hudson sold 115,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $164.16, for a total value of $18,878,400.00. Following the completion of the transaction, the executive vice president now directly owns 254,932 shares of the company’s stock, valued at approximately $41,849,637.12. This trade represents a 31.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 342,100 shares of company stock valued at $55,087,314 in the last 90 days. 1.42% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Vistra

A number of hedge funds have recently made changes to their positions in the business. Avior Wealth Management LLC increased its stake in Vistra by 56.5% in the fourth quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock valued at $25,000 after acquiring an additional 65 shares during the period. Galvin Gaustad & Stein LLC grew its stake in shares of Vistra by 3.6% in the 4th quarter. Galvin Gaustad & Stein LLC now owns 2,077 shares of the company’s stock valued at $286,000 after purchasing an additional 73 shares during the period. Forum Financial Management LP lifted its position in shares of Vistra by 0.7% during the 3rd quarter. Forum Financial Management LP now owns 11,527 shares of the company’s stock worth $1,366,000 after buying an additional 80 shares during the period. Umpqua Bank lifted its position in shares of Vistra by 2.2% during the 3rd quarter. Umpqua Bank now owns 3,780 shares of the company’s stock worth $448,000 after buying an additional 81 shares during the period. Finally, OneDigital Investment Advisors LLC boosted its stake in Vistra by 3.0% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,809 shares of the company’s stock valued at $333,000 after buying an additional 81 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

About Vistra

(Get Free Report)

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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