Vistra (NYSE:VST) Price Target Increased to $137.00 by Analysts at Jefferies Financial Group

Vistra (NYSE:VST) had its price target hoisted by Jefferies Financial Group from $99.00 to $137.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other analysts also recently weighed in on VST. BMO Capital Markets upped their price objective on Vistra from $120.00 to $125.00 and gave the stock an outperform rating in a research report on Friday, September 20th. Morgan Stanley raised their target price on shares of Vistra from $110.00 to $132.00 and gave the company an overweight rating in a research report on Monday. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Buy and an average price target of $110.83.

Vistra Trading Up 0.7 %

VST opened at $112.43 on Tuesday. 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 has a twelve month low of $31.16 and a twelve month high of $115.57. The stock has a market capitalization of $39.06 billion, a price-to-earnings ratio of 68.98 and a beta of 1.08. The company has a 50-day simple moving average of $81.19 and a 200 day simple moving average of $81.57.

Vistra (NYSE:VST) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.69). Vistra had a return on equity of 21.05% and a net margin of 4.61%. The firm had revenue of $3.85 billion for the quarter, compared to analyst estimates of $4.04 billion. During the same quarter in the prior year, the business posted $1.03 EPS. Analysts predict that Vistra will post 4.52 EPS for the current fiscal year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 20th will be paid a dividend of $0.2195 per share. The ex-dividend date is Friday, September 20th. This represents a $0.88 annualized dividend and a dividend yield of 0.78%. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is presently 53.37%.

Institutional Trading of Vistra

Institutional investors have recently modified their holdings of the business. Mather Group LLC. acquired a new position in Vistra during the 1st quarter worth about $26,000. Redwood Wealth Management Group LLC acquired a new stake in Vistra during the 2nd quarter valued at approximately $26,000. New Covenant Trust Company N.A. bought a new position in Vistra during the 1st quarter worth approximately $32,000. EdgeRock Capital LLC bought a new stake in shares of Vistra in the 2nd quarter valued at $34,000. Finally, Riverview Trust Co acquired a new position in Vistra in the first quarter valued at $39,000. Institutional investors 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.