Vistra (NYSE:VST) Trading 3% Higher – Time to Buy?

Vistra Corp. (NYSE:VST) rose 3% during trading on Tuesday . The company traded as high as $113.50 and last traded at $111.75. Approximately 3,311,903 shares traded hands during trading, a decline of 56% from the average daily volume of 7,449,153 shares. The stock had previously closed at $108.49.

Wall Street Analysts Forecast Growth

VST has been the subject of a number of recent analyst reports. Morgan Stanley raised their price target on shares of Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. UBS Group increased their target price on Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Evercore ISI began coverage on Vistra in a research report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 target price for the company. Bank of America raised Vistra from a “neutral” rating to a “buy” rating and dropped their price target for the company from $164.00 to $152.00 in a research report on Tuesday, March 4th. Finally, Daiwa America raised shares of Vistra to a “hold” rating in a report on Wednesday, March 5th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $162.83.

Vistra Trading Up 5.4 %

The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. The firm’s fifty day moving average price is $158.02 and its 200-day moving average price is $136.25. The company has a market cap of $38.78 billion, a price-to-earnings ratio of 21.34, a P/E/G ratio of 1.12 and a beta of 1.21.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 20th will be given a dividend of $0.2235 per share. This represents a $0.89 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date is Thursday, March 20th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is 12.62%.

Institutional Trading of Vistra

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Anchor Pointe Wealth Management LLC purchased a new stake in shares of Vistra in the fourth quarter worth approximately $271,000. IronOak Wealth LLC. acquired a new position in Vistra in the 4th quarter worth about $862,000. Castle Rock Wealth Management LLC purchased a new stake in shares of Vistra during the 4th quarter worth about $562,000. Park Square Financial Group LLC acquired a new stake in shares of Vistra during the 4th quarter valued at about $216,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Vistra in the 4th quarter valued at approximately $17,023,000. Institutional investors own 90.88% of the company’s stock.

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.