Brokers Set Expectations for Vistra Corp.’s FY2024 Earnings (NYSE:VST)

Vistra Corp. (NYSE:VST) – Research analysts at Seaport Res Ptn issued their FY2024 EPS estimates for shares of Vistra in a research note issued to investors on Thursday, September 19th. Seaport Res Ptn analyst A. Storozynski anticipates that the company will post earnings per share of $5.38 for the year. The consensus estimate for Vistra’s current full-year earnings is $4.52 per share. Seaport Res Ptn also issued estimates for Vistra’s FY2025 earnings at $6.58 EPS, FY2026 earnings at $8.83 EPS, FY2027 earnings at $11.67 EPS and FY2028 earnings at $16.10 EPS.

Vistra (NYSE:VST) last announced its quarterly earnings results 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 net margin of 4.61% and a return on equity of 21.05%. The firm had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $4.04 billion. During the same period last year, the business earned $1.03 EPS.

Other equities research analysts have also recently issued reports about the company. Jefferies Financial Group increased their price objective on Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday. Morgan Stanley upped their target price on shares of Vistra from $110.00 to $132.00 and gave the company an “overweight” rating in a research note on Monday. Finally, BMO Capital Markets lifted their price target on shares of Vistra from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Friday, September 20th. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $110.83.

Vistra Stock Performance

Shares of VST opened at $112.43 on Monday. The company has a market cap of $39.06 billion, a price-to-earnings ratio of 68.98 and a beta of 1.08. The business’s fifty day simple moving average is $81.19 and its two-hundred day simple moving average is $81.57. Vistra has a 12 month low of $31.16 and a 12 month high of $115.57. The company has a current ratio of 0.98, a quick ratio of 0.88 and a debt-to-equity ratio of 2.89.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 20th will be paid a dividend of $0.2195 per share. This is an increase from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date is Friday, September 20th. Vistra’s payout ratio is currently 53.37%.

Institutional Investors Weigh In On Vistra

Hedge funds and other institutional investors have recently made changes to their positions in the business. Envestnet Portfolio Solutions Inc. bought a new stake in Vistra during the fourth quarter valued at approximately $203,000. Norges Bank bought a new position in Vistra in the fourth quarter worth approximately $77,523,000. PNC Financial Services Group Inc. boosted its stake in shares of Vistra by 89.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 10,124 shares of the company’s stock worth $390,000 after acquiring an additional 4,772 shares during the last quarter. Coldstream Capital Management Inc. bought a new stake in shares of Vistra during the 4th quarter valued at $221,000. Finally, D.A. Davidson & CO. purchased a new stake in shares of Vistra in the 4th quarter worth $510,000. Hedge funds and other 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.