Vistra (NYSE:VST) Now Covered by Analysts at Daiwa Capital Markets

Daiwa Capital Markets started coverage on shares of Vistra (NYSE:VST) in a report issued on Wednesday, MarketBeat reports. The firm issued a neutral rating and a $120.00 price target on the stock.

Several other research analysts also recently commented on VST. Evercore ISI assumed coverage on shares of Vistra in a research report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price objective for the company. UBS Group boosted their price objective on shares of Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. BMO Capital Markets boosted their price objective on shares of Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Bank of America upgraded shares of Vistra from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $164.00 to $152.00 in a research report on Tuesday. Finally, Morgan Stanley boosted their price objective on shares of Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $162.83.

Vistra Stock Up 0.0 %

NYSE VST opened at $126.99 on Wednesday. Vistra has a 1-year low of $57.50 and a 1-year high of $199.84. The company has a market cap of $43.20 billion, a price-to-earnings ratio of 23.69, a PEG ratio of 1.12 and a beta of 1.21. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. The company has a 50 day moving average of $159.46 and a 200-day moving average of $135.46.

Vistra announced that its Board of Directors has authorized a stock repurchase program on Thursday, November 7th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 2.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 20th will be paid a $0.2235 dividend. This is a boost from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.89 annualized dividend and a dividend yield of 0.70%. Vistra’s payout ratio is currently 12.62%.

Insider Buying and Selling

In related news, Director Scott B. Helm sold 20,000 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $139.77, for a total value of $2,795,400.00. Following the sale, the director now owns 343,350 shares of the company’s stock, valued at $47,990,029.50. The trade was a 5.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.42% of the stock is currently owned by insiders.

Institutional Trading of Vistra

Several institutional investors have recently modified their holdings of VST. Avior Wealth Management LLC grew its stake in shares of Vistra by 56.5% in the fourth quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock worth $25,000 after purchasing an additional 65 shares during the last quarter. Pathway Financial Advisers LLC lifted its holdings in Vistra by 616.0% in the fourth quarter. Pathway Financial Advisers LLC now owns 179 shares of the company’s stock valued at $25,000 after buying an additional 154 shares during the period. Founders Capital Management acquired a new position in Vistra in the fourth quarter valued at $28,000. West Branch Capital LLC acquired a new position in Vistra in the fourth quarter valued at $28,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new position in Vistra in the fourth quarter valued at $28,000. 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.