Vistra (NYSE:VST) Price Target Increased to $177.00 by Analysts at Guggenheim

Vistra (NYSE:VST) had its price target boosted by Guggenheim from $133.00 to $177.00 in a report published on Tuesday, Benzinga reports. They currently have a buy rating on the stock.

VST has been the topic of several other reports. BMO Capital Markets reissued an outperform rating and issued a $146.00 target price (up from $125.00) on shares of Vistra in a report on Friday, October 4th. Jefferies Financial Group boosted their target price on Vistra from $99.00 to $137.00 and gave the stock a buy rating in a report on Tuesday, September 24th. Royal Bank of Canada upped their price target on Vistra from $105.00 to $141.00 and gave the company an outperform rating in a report on Thursday, October 3rd. Finally, Morgan Stanley upped their price target on Vistra from $110.00 to $132.00 and gave the company an overweight rating in a report on Monday, September 23rd. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of Buy and a consensus target price of $125.50.

Vistra Trading Up 1.0 %

NYSE VST opened at $125.29 on Tuesday. The company has a quick ratio of 0.88, a current ratio of 0.98 and a debt-to-equity ratio of 2.89. Vistra has a twelve month low of $31.40 and a twelve month high of $143.87. The firm has a market capitalization of $43.04 billion, a PE ratio of 92.13 and a beta of 1.10. The stock’s 50 day moving average is $94.21 and its 200 day moving average is $86.79.

Vistra (NYSE:VST) last released 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 quarter in the prior year, the firm earned $1.03 earnings per share. Research analysts forecast that Vistra will post 4.7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 20th were given a dividend of $0.2195 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date was Friday, September 20th. This is a boost from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio is 64.71%.

Institutional Trading of Vistra

A number of hedge funds have recently bought and sold shares of the company. Lone Pine Capital LLC increased its position in Vistra by 6.6% during the second quarter. Lone Pine Capital LLC now owns 6,838,007 shares of the company’s stock valued at $587,932,000 after acquiring an additional 425,126 shares during the last quarter. Third Point LLC increased its position in Vistra by 27.6% in the fourth quarter. Third Point LLC now owns 4,600,000 shares of the company’s stock worth $177,192,000 after buying an additional 995,748 shares in the last quarter. Castle Hook Partners LP increased its position in Vistra by 470.0% in the first quarter. Castle Hook Partners LP now owns 3,769,842 shares of the company’s stock worth $262,569,000 after buying an additional 3,108,511 shares in the last quarter. Wellington Management Group LLP increased its position in Vistra by 11.5% in the fourth quarter. Wellington Management Group LLP now owns 3,519,475 shares of the company’s stock worth $135,570,000 after buying an additional 363,897 shares in the last quarter. Finally, TD Asset Management Inc increased its position in Vistra by 9,668.5% in the first quarter. TD Asset Management Inc now owns 2,940,113 shares of the company’s stock worth $204,779,000 after buying an additional 2,910,015 shares in the last quarter. 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.