Vistra Corp. (NYSE:VST – Get Free Report) has received an average recommendation of “Buy” from the ten analysts that are covering the company, MarketBeat reports. Ten investment analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $151.50.
A number of research analysts have issued reports on VST shares. UBS Group upped their price target on shares of Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Royal Bank of Canada lifted their price target on Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Morgan Stanley increased their price objective on Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. BNP Paribas started coverage on shares of Vistra in a report on Monday, October 14th. They issued an “outperform” rating and a $231.00 price target on the stock. Finally, BMO Capital Markets lifted their price objective on shares of Vistra from $146.00 to $147.00 and gave the company an “outperform” rating in a research note on Tuesday, October 29th.
Check Out Our Latest Report on Vistra
Vistra Stock Performance
Vistra announced that its Board of Directors has initiated a stock repurchase plan on Thursday, November 7th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 2.1% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.
Vistra Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th were given a dividend of $0.221 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend was Friday, December 20th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is presently 16.60%.
Insider Buying and Selling at Vistra
In related news, EVP Stephen J. Muscato sold 207,100 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $161.34, for a total transaction of $33,413,514.00. Following the completion of the transaction, the executive vice president now directly owns 318,287 shares in the company, valued at $51,352,424.58. This trade represents a 39.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Scott A. Hudson sold 115,000 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $164.16, for a total transaction of $18,878,400.00. Following the sale, the executive vice president now owns 254,932 shares in the company, valued at $41,849,637.12. This trade represents a 31.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 342,100 shares of company stock valued at $55,087,314 over the last 90 days. 1.42% of the stock is owned by insiders.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Avior Wealth Management LLC increased its position 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 acquiring an additional 65 shares during the period. Founders Capital Management purchased a new stake in Vistra during the 4th quarter worth about $28,000. West Branch Capital LLC acquired a new stake in Vistra in the 4th quarter valued at about $28,000. Mark Sheptoff Financial Planning LLC acquired a new position in shares of Vistra during the third quarter worth about $30,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Vistra in the third quarter valued at approximately $30,000. Institutional investors and hedge funds 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.
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