FY2024 EPS Estimates for Vistra Boosted by Seaport Res Ptn

Vistra Corp. (NYSE:VST) – Investment analysts at Seaport Res Ptn raised their FY2024 earnings per share (EPS) estimates for shares of Vistra in a research note 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 forecast of $5.38. The consensus estimate for Vistra’s current full-year earnings is $4.73 per share. Seaport Res Ptn also issued estimates for Vistra’s FY2028 earnings at $15.62 EPS.

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

Several other equities analysts also recently commented on VST. Guggenheim upped their price objective on Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. 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 research report on Thursday, October 3rd. Morgan Stanley lifted their price objective on Vistra from $110.00 to $132.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. BNP Paribas assumed coverage on shares of Vistra in a report on Monday, October 14th. They set an “outperform” rating and a $231.00 price objective on the stock. Finally, JPMorgan Chase & Co. began coverage on shares of Vistra in a research note on Thursday, October 17th. They issued an “overweight” rating and a $178.00 target price for the company. Ten research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $145.30.

Vistra Stock Down 0.4 %

VST opened at $125.56 on Wednesday. Vistra has a twelve month low of $31.92 and a twelve month high of $143.87. The company’s 50-day moving average price is $103.54 and its two-hundred day moving average price is $90.43. The stock has a market cap of $43.63 billion, a price-to-earnings ratio of 77.03 and a beta of 1.10. The company has a quick ratio of 0.88, a current ratio of 0.98 and a debt-to-equity ratio of 2.89.

Institutional Trading of Vistra

A number of hedge funds and other institutional investors have recently bought and sold shares of VST. PNC Financial Services Group Inc. grew its position 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 valued at $390,000 after purchasing an additional 4,772 shares in the last quarter. Mather Group LLC. purchased a new position in Vistra during the first quarter worth about $26,000. Park Avenue Securities LLC increased its stake in Vistra by 70.2% in the 1st quarter. Park Avenue Securities LLC now owns 17,845 shares of the company’s stock worth $1,243,000 after acquiring an additional 7,360 shares during the last quarter. Global Assets Advisory LLC purchased a new stake in shares of Vistra in the 1st quarter valued at about $971,000. Finally, Riverview Trust Co bought a new stake in shares of Vistra during the 1st quarter valued at about $39,000. Institutional investors own 90.88% of the company’s stock.

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 $0.2195 dividend. This is a positive change 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%. The ex-dividend date of this dividend was Friday, September 20th. Vistra’s dividend payout ratio (DPR) is 53.37%.

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.