BMO Capital Markets Raises Vistra (NYSE:VST) Price Target to $27.00

Vistra (NYSE:VST) had its price target boosted by BMO Capital Markets from $25.00 to $27.00 in a research report report published on Wednesday, The Fly reports. They currently have an outperform rating on the stock.

A number of other brokerages also recently commented on VST. Wolfe Research raised Vistra from a peer perform rating to an outperform rating and set a $25.00 price objective for the company in a research report on Wednesday, July 7th. Bank of America reissued a buy rating and set a $23.00 price objective on shares of Vistra in a research report on Thursday, September 30th. Morgan Stanley decreased their target price on Vistra from $27.00 to $25.00 and set an overweight rating for the company in a research note on Thursday, August 19th. Seaport Global Securities boosted their target price on Vistra from $19.50 to $22.00 and gave the stock a buy rating in a research note on Monday, June 21st. Finally, Guggenheim upgraded Vistra from a neutral rating to a buy rating in a research note on Thursday, July 22nd. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Buy and an average target price of $23.63.

Shares of Vistra stock opened at $19.81 on Wednesday. Vistra has a one year low of $15.47 and a one year high of $24.20. The company has a market cap of $9.56 billion, a PE ratio of -6.02, a P/E/G ratio of 4.16 and a beta of 0.88. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.82 and a current ratio of 0.91. The business has a 50-day simple moving average of $18.16 and a 200-day simple moving average of $17.87.

Vistra (NYSE:VST) last announced its quarterly earnings data on Thursday, August 5th. The company reported $0.10 EPS for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.15). Vistra had a negative return on equity of 20.81% and a negative net margin of 13.44%. The company had revenue of $2.57 billion for the quarter. On average, sell-side analysts predict that Vistra will post 0.22 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 30th. Shareholders of record on Thursday, September 16th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date was Wednesday, September 15th. Vistra’s dividend payout ratio is currently 40.54%.

In other news, Director Scott B. Helm acquired 5,000 shares of Vistra stock in a transaction on Thursday, August 19th. The stock was bought at an average price of $17.98 per share, for a total transaction of $89,900.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.89% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD lifted its stake in Vistra by 124.1% in the second quarter. Price T Rowe Associates Inc. MD now owns 17,632,821 shares of the company’s stock valued at $327,089,000 after buying an additional 9,763,243 shares during the last quarter. LSV Asset Management lifted its stake in Vistra by 18.3% in the second quarter. LSV Asset Management now owns 13,085,452 shares of the company’s stock valued at $242,735,000 after buying an additional 2,020,000 shares during the last quarter. Franklin Resources Inc. lifted its stake in Vistra by 371.8% in the second quarter. Franklin Resources Inc. now owns 12,611,298 shares of the company’s stock valued at $233,939,000 after buying an additional 9,938,134 shares during the last quarter. State Street Corp raised its stake in shares of Vistra by 8.7% during the second quarter. State Street Corp now owns 10,132,373 shares of the company’s stock worth $187,956,000 after purchasing an additional 807,397 shares during the last quarter. Finally, Neuberger Berman Group LLC raised its stake in shares of Vistra by 13.7% during the second quarter. Neuberger Berman Group LLC now owns 7,256,753 shares of the company’s stock worth $134,275,000 after purchasing an additional 876,525 shares during the last quarter. Institutional investors own 90.31% of the company’s stock.

Vistra Company Profile

Vistra Corp. is an energy company, which engages in the provision of electricity and power generation. It operates through the following segments: Retail, Texas, East, West, Sunset and Asset Closure. The Retail segment sells electricity and natural gas to residential, commercial and industrial customers.

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