Seaport Res Ptn Issues Positive Estimate for Vistra Earnings

Vistra Corp. (NYSE:VST) – Stock analysts at Seaport Res Ptn raised their FY2024 earnings per share estimates for shares of Vistra in a research report issued on Tuesday, October 22nd. Seaport Res Ptn analyst A. Storozynski now forecasts that the company will earn $5.44 per share for the year, up from their prior estimate of $5.38. The consensus estimate for Vistra’s current full-year earnings is $4.70 per share. Seaport Res Ptn also issued estimates for Vistra’s FY2028 earnings at $15.62 EPS.

Other analysts also recently issued reports about the stock. Guggenheim boosted their target price on shares of Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. BNP Paribas assumed coverage on shares of Vistra in a research report on Monday, October 14th. They set an “outperform” rating and a $231.00 target price on the stock. Jefferies Financial Group boosted their price target on Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Royal Bank of Canada raised their price objective on Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $146.00 target price (up previously from $125.00) on shares of Vistra in a research report on Friday, October 4th. Ten research analysts have rated the stock with a buy rating, According to MarketBeat, Vistra presently has an average rating of “Buy” and an average target price of $145.30.

Vistra Stock Down 4.1 %

VST opened at $125.04 on Wednesday. The business has a 50-day moving average of $101.72 and a 200-day moving average of $89.93. Vistra has a fifty-two week low of $31.43 and a fifty-two week high of $143.87. The company has a market capitalization of $42.96 billion, a PE ratio of 91.94 and a beta of 1.10. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.98 and a quick ratio of 0.88.

Vistra (NYSE:VST) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.69). Vistra had a net margin of 4.61% and a return on equity of 21.05%. The company had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $4.04 billion. During the same period in the previous year, the firm posted $1.03 earnings per share.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 20th were given a dividend of $0.2195 per share. 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 dividend on an annualized basis and a dividend yield of 0.70%. Vistra’s payout ratio is currently 64.71%.

Institutional Investors Weigh In On Vistra

A number of institutional investors have recently bought and sold shares of VST. Simplicity Wealth LLC increased its stake in Vistra by 3.0% in the second quarter. Simplicity Wealth LLC now owns 3,883 shares of the company’s stock valued at $334,000 after acquiring an additional 112 shares during the period. New Century Financial Group LLC increased its holdings in shares of Vistra by 4.4% during the third quarter. New Century Financial Group LLC now owns 2,666 shares of the company’s stock worth $316,000 after buying an additional 112 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its stake in shares of Vistra by 38.6% in the second quarter. Massmutual Trust Co. FSB ADV now owns 557 shares of the company’s stock valued at $48,000 after acquiring an additional 155 shares during the last quarter. Apella Capital LLC grew its position in Vistra by 4.9% during the 3rd quarter. Apella Capital LLC now owns 3,542 shares of the company’s stock worth $444,000 after acquiring an additional 164 shares during the last quarter. Finally, V Square Quantitative Management LLC boosted its stake in Vistra by 7.2% in the third quarter. V Square Quantitative Management LLC now owns 2,461 shares of the company’s stock worth $292,000 after purchasing an additional 165 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Company Profile

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.