Vistra (NYSE:VST) Earns Outperform Rating from BMO Capital Markets

BMO Capital Markets restated their outperform rating on shares of Vistra (NYSE:VST) in a report released on Friday morning, Benzinga reports. They currently have a $146.00 price objective on the stock, up from their previous price objective of $125.00.

Several other analysts have also recently weighed in on the stock. Royal Bank of Canada lifted their price objective on shares of Vistra from $105.00 to $141.00 and gave the stock an outperform rating in a research note on Thursday, October 3rd. Morgan Stanley boosted their target price on shares of Vistra from $110.00 to $132.00 and gave the company an overweight rating in a research report on Monday, September 23rd. Finally, Jefferies Financial Group boosted their target price on shares of Vistra from $99.00 to $137.00 and gave the company a buy rating in a research report on Tuesday, September 24th. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Buy and a consensus target price of $118.14.

Vistra Price Performance

Shares of Vistra stock opened at $131.33 on Friday. Vistra has a twelve month low of $31.40 and a twelve month high of $143.87. The company has a quick ratio of 0.88, a current ratio of 0.98 and a debt-to-equity ratio of 2.89. The company has a 50-day simple moving average of $90.11 and a two-hundred day simple moving average of $85.47. The stock has a market capitalization of $45.63 billion, a price-to-earnings ratio of 80.57 and a beta of 1.10.

Vistra (NYSE:VST) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.90 earnings per share 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 business had revenue of $3.85 billion during the quarter, compared to analyst estimates of $4.04 billion. During the same quarter last year, the firm earned $1.03 EPS. Analysts forecast that Vistra will post 4.7 EPS for the current year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 20th were given a $0.2195 dividend. The ex-dividend date of this dividend was Friday, September 20th. This is a boost from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a dividend yield of 0.67%. Vistra’s payout ratio is presently 53.37%.

Institutional Investors Weigh In On Vistra

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Mather Group LLC. bought a new stake in shares of Vistra during the 1st quarter valued at approximately $26,000. Redwood Wealth Management Group LLC bought a new stake in Vistra during the 2nd quarter worth approximately $26,000. New Covenant Trust Company N.A. bought a new stake in Vistra during the 1st quarter worth approximately $32,000. EdgeRock Capital LLC bought a new stake in Vistra during the 2nd quarter worth approximately $34,000. Finally, Riverview Trust Co bought a new stake in Vistra during the 1st quarter worth approximately $39,000. 90.88% of the stock is owned by 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.