Vistra (NYSE:VST) Research Coverage Started at JPMorgan Chase & Co.

JPMorgan Chase & Co. initiated coverage on shares of Vistra (NYSE:VST) in a research report sent to investors on Thursday morning, Marketbeat reports. The brokerage issued an overweight rating and a $178.00 price objective on the stock.

A number of other equities analysts also recently issued reports on VST. BNP Paribas initiated coverage on shares of Vistra in a research note on Monday, October 14th. They set an “outperform” rating and a $231.00 price objective on the stock. Jefferies Financial Group lifted their price target on Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Guggenheim upped their price objective on Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Royal Bank of Canada boosted their target price on shares of Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Finally, Morgan Stanley raised their price target on shares of Vistra from $110.00 to $132.00 and gave the company an “overweight” rating in a report on Monday, September 23rd. Ten research 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 $141.30.

Vistra Stock Up 3.1 %

Shares of NYSE:VST opened at $131.16 on Thursday. The business’s 50 day moving average is $99.78 and its 200 day moving average is $88.93. The stock has a market cap of $45.06 billion, a P/E ratio of 96.44 and a beta of 1.10. Vistra has a 52-week low of $31.43 and a 52-week high of $143.87. The company has a quick ratio of 0.88, a current ratio of 0.98 and a debt-to-equity ratio of 2.89.

Vistra (NYSE:VST) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.69). Vistra had a net margin of 4.61% and a return on equity of 21.05%. The firm had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $4.04 billion. During the same quarter in the prior year, the business posted $1.03 EPS. Sell-side analysts predict that Vistra will post 4.7 EPS for the current year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 20th were paid a dividend of $0.2195 per share. This is a positive change from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, September 20th. This represents a $0.88 dividend on an annualized basis and a yield of 0.67%. Vistra’s dividend payout ratio is presently 64.71%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of VST. Wellington Management Group LLP increased its stake in Vistra by 11.5% during the 4th quarter. Wellington Management Group LLP now owns 3,519,475 shares of the company’s stock valued at $135,570,000 after purchasing an additional 363,897 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Vistra by 89.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 10,124 shares of the company’s stock valued at $390,000 after acquiring an additional 4,772 shares during the last quarter. HighPoint Advisor Group LLC purchased a new stake in shares of Vistra in the 4th quarter valued at $471,000. Los Angeles Capital Management LLC boosted its holdings in shares of Vistra by 10.8% in the 1st quarter. Los Angeles Capital Management LLC now owns 62,933 shares of the company’s stock valued at $4,383,000 after acquiring an additional 6,139 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Vistra by 17.4% in the 1st quarter. GAMMA Investing LLC now owns 2,108 shares of the company’s stock valued at $147,000 after acquiring an additional 312 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

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.