Vistra (VST) to Release Quarterly Earnings on Wednesday

Vistra (NYSE:VST) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of ($0.17) per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Vistra (NYSE:VST) last issued its quarterly earnings results on Wednesday, February 28th. The company reported ($0.48) earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($1.02). The business had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $5.48 billion. Vistra had a net margin of 10.10% and a return on equity of 20.05%. On average, analysts expect Vistra to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Vistra Stock Up 2.0 %

Shares of Vistra stock opened at $81.49 on Monday. Vistra has a 1 year low of $22.69 and a 1 year high of $83.03. The company has a market cap of $28.35 billion, a P/E ratio of 22.76 and a beta of 1.02. The company has a current ratio of 1.18, a quick ratio of 1.11 and a debt-to-equity ratio of 4.26. The stock has a 50-day moving average price of $66.79 and a 200 day moving average price of $48.28.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Wednesday, June 19th will be given a $0.218 dividend. This represents a $0.87 dividend on an annualized basis and a dividend yield of 1.07%. This is a positive change from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Tuesday, June 18th. Vistra’s dividend payout ratio is 24.02%.

Insider Buying and Selling

In other news, EVP Carrie Lee Kirby sold 72,748 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $62.63, for a total transaction of $4,556,207.24. Following the transaction, the executive vice president now owns 184,201 shares of the company’s stock, valued at approximately $11,536,508.63. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, EVP Carrie Lee Kirby sold 72,748 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $62.63, for a total value of $4,556,207.24. Following the completion of the sale, the executive vice president now directly owns 184,201 shares in the company, valued at $11,536,508.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Scott A. Hudson sold 86,517 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $59.11, for a total transaction of $5,114,019.87. Following the completion of the transaction, the executive vice president now owns 254,932 shares in the company, valued at $15,069,030.52. The disclosure for this sale can be found here. Over the last three months, insiders sold 257,285 shares of company stock worth $15,404,397. Corporate insiders own 1.42% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. BMO Capital Markets upped their price objective on shares of Vistra from $52.00 to $60.00 and gave the company an “outperform” rating in a research note on Monday, March 4th. Janney Montgomery Scott initiated coverage on shares of Vistra in a research note on Thursday, April 18th. They issued a “buy” rating and a $82.00 price target on the stock. Evercore ISI lifted their price objective on Vistra from $72.00 to $79.00 and gave the company an “outperform” rating in a research report on Thursday, April 4th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $78.00 target price on shares of Vistra in a research report on Monday, March 25th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $67.20.

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.