Vistra (NYSE:VST) Trading 1.6% Higher – Time to Buy?

Vistra Corp. (NYSE:VST)’s stock price shot up 1.6% on Monday . The stock traded as high as $149.80 and last traded at $144.13. 2,109,204 shares changed hands during trading, a decline of 70% from the average session volume of 6,937,565 shares. The stock had previously closed at $141.90.

Analyst Ratings Changes

Several analysts have commented on the stock. Morgan Stanley raised their target price on shares of Vistra from $110.00 to $132.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. Royal Bank of Canada raised their price objective on shares of Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. BMO Capital Markets upped their target price on shares of Vistra from $146.00 to $147.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. UBS Group dropped their price target on Vistra from $157.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, October 22nd. Finally, Guggenheim increased their price target on Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat, Vistra presently has an average rating of “Buy” and a consensus price target of $145.40.

Vistra Stock Down 0.0 %

The stock’s fifty day simple moving average is $115.58 and its 200-day simple moving average is $96.17. The stock has a market cap of $48.34 billion, a P/E ratio of 26.51 and a beta of 1.09. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.88 and a current ratio of 1.11.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be paid a dividend of $0.221 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend is Friday, December 20th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is 16.42%.

Vistra announced that its board has authorized a share repurchase plan on Thursday, November 7th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to repurchase up to 2.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of VST. Forum Financial Management LP grew its stake in Vistra by 0.7% during the third quarter. Forum Financial Management LP now owns 11,527 shares of the company’s stock worth $1,366,000 after buying an additional 80 shares in the last quarter. Umpqua Bank boosted its position in shares of Vistra by 2.2% during the 3rd quarter. Umpqua Bank now owns 3,780 shares of the company’s stock worth $448,000 after acquiring an additional 81 shares in the last quarter. OneDigital Investment Advisors LLC increased its stake in Vistra by 3.0% in the third quarter. OneDigital Investment Advisors LLC now owns 2,809 shares of the company’s stock valued at $333,000 after acquiring an additional 81 shares during the last quarter. Douglass Winthrop Advisors LLC raised its position in Vistra by 0.9% during the third quarter. Douglass Winthrop Advisors LLC now owns 11,335 shares of the company’s stock valued at $1,344,000 after purchasing an additional 100 shares in the last quarter. Finally, Interchange Capital Partners LLC lifted its stake in Vistra by 4.2% during the third quarter. Interchange Capital Partners LLC now owns 2,710 shares of the company’s stock worth $321,000 after purchasing an additional 109 shares during the last quarter. Institutional investors 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.