Seaport Res Ptn Comments on Vistra FY2024 Earnings

Vistra Corp. (NYSE:VST) – Analysts at Seaport Res Ptn issued their FY2024 earnings per share estimates for Vistra in a research note issued on Monday, January 27th. Seaport Res Ptn analyst A. Storozynski expects that the company will post earnings per share of $6.16 for the year. The consensus estimate for Vistra’s current full-year earnings is $4.48 per share. Seaport Res Ptn also issued estimates for Vistra’s FY2025 earnings at $6.96 EPS, FY2026 earnings at $8.73 EPS and FY2027 earnings at $13.24 EPS.

Vistra (NYSE:VST) last announced its quarterly earnings results on Thursday, November 7th. The company reported $5.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $4.01. Vistra had a return on equity of 57.63% and a net margin of 12.51%. The business had revenue of $6.29 billion during the quarter, compared to analyst estimates of $4.96 billion. During the same period in the previous year, the company earned $1.25 EPS.

VST has been the subject of several other research reports. JPMorgan Chase & Co. initiated coverage on shares of Vistra in a research note on Thursday, October 17th. They issued an “overweight” rating and a $178.00 price objective for the company. BNP Paribas assumed coverage on Vistra in a research note on Monday, October 14th. They issued an “outperform” rating and a $231.00 price objective on the stock. Royal Bank of Canada upped their target price on Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Guggenheim lifted their price target on shares of Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Finally, Bank of America started coverage on shares of Vistra in a research report on Monday. They set a “neutral” rating and a $206.00 target price for the company. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $171.64.

Vistra Price Performance

NYSE VST opened at $176.28 on Thursday. The company has a 50 day moving average price of $156.12 and a two-hundred day moving average price of $121.82. Vistra has a 12-month low of $40.78 and a 12-month high of $199.84. The stock has a market capitalization of $59.98 billion, a PE ratio of 32.89, a price-to-earnings-growth ratio of 1.77 and a beta of 1.21. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68.

Institutional Investors Weigh In On Vistra

Institutional investors and hedge funds have recently made changes to their positions in the company. Avior Wealth Management LLC grew its holdings in shares of Vistra by 56.5% during 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. Galvin Gaustad & Stein LLC raised its position in Vistra by 3.6% in the 4th quarter. Galvin Gaustad & Stein LLC now owns 2,077 shares of the company’s stock worth $286,000 after purchasing an additional 73 shares during the last quarter. Forum Financial Management LP boosted its position in Vistra by 0.7% in the 3rd quarter. Forum Financial Management LP now owns 11,527 shares of the company’s stock valued at $1,366,000 after buying an additional 80 shares during the last quarter. Umpqua Bank raised its stake in shares of Vistra by 2.2% during the third quarter. Umpqua Bank now owns 3,780 shares of the company’s stock worth $448,000 after buying an additional 81 shares during the last quarter. Finally, OneDigital Investment Advisors LLC lifted 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 buying an additional 81 shares during the period. Institutional investors and hedge funds own 90.88% of the company’s stock.

Insider Activity

In other news, EVP Scott A. Hudson sold 115,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $164.16, for a total value of $18,878,400.00. Following the sale, the executive vice president now directly owns 254,932 shares in the company, valued at approximately $41,849,637.12. This represents a 31.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Scott B. Helm sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $139.77, for a total value of $2,795,400.00. Following the transaction, the director now owns 343,350 shares of the company’s stock, valued at $47,990,029.50. This trade represents a 5.50 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 342,100 shares of company stock valued at $55,087,314. Insiders own 1.42% of the company’s stock.

Vistra announced that its Board of Directors has approved a stock buyback plan on Thursday, November 7th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to reacquire up to 2.1% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

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.