Seaport Res Ptn Comments on Vistra FY2024 Earnings

Vistra Corp. (NYSE:VST) – Seaport Res Ptn issued their FY2024 earnings estimates for Vistra in a note issued to investors on Monday, January 27th. Seaport Res Ptn analyst A. Storozynski forecasts 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 issued its quarterly earnings results on Thursday, November 7th. The company reported $5.25 earnings per share for the quarter, topping 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 firm had revenue of $6.29 billion during the quarter, compared to the consensus estimate of $4.96 billion. During the same period last year, the company earned $1.25 earnings per share.

Several other equities research analysts also recently weighed in on the company. JPMorgan Chase & Co. started coverage on Vistra in a report on Thursday, October 17th. They set an “overweight” rating and a $178.00 price target for the company. Bank of America started coverage on Vistra in a report on Monday. They issued a “neutral” rating and a $206.00 target price for the company. Morgan Stanley raised their target price on Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. UBS Group raised their target price on Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Finally, BNP Paribas started coverage on Vistra in a report on Monday, October 14th. They issued an “outperform” rating and a $231.00 target price for the company. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Vistra presently has an average rating of “Moderate Buy” and an average target price of $171.64.

Vistra Price Performance

Shares of NYSE VST opened at $155.35 on Thursday. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. The stock has a fifty day moving average price of $155.91 and a 200 day moving average price of $121.44. Vistra has a 1-year low of $40.57 and a 1-year high of $199.84. The company has a market cap of $52.85 billion, a PE ratio of 28.98, a P/E/G ratio of 1.77 and a beta of 1.21.

Vistra declared that its Board of Directors has initiated a share buyback plan on Thursday, November 7th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 2.1% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In other Vistra news, EVP Stephen J. Muscato sold 207,100 shares of Vistra stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $161.34, for a total value of $33,413,514.00. Following the completion of the sale, the executive vice president now owns 318,287 shares in the company, valued at $51,352,424.58. The trade was a 39.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Scott A. Hudson sold 115,000 shares of Vistra stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $164.16, for a total value of $18,878,400.00. Following the completion of the sale, the executive vice president now owns 254,932 shares of the company’s stock, valued at $41,849,637.12. This trade represents a 31.09 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 342,100 shares of company stock worth $55,087,314. 1.42% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Vistra

Several hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp lifted its stake in shares of Vistra by 6.8% in the 3rd quarter. State Street Corp now owns 16,355,255 shares of the company’s stock valued at $1,938,752,000 after purchasing an additional 1,037,402 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Vistra by 51.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,826,631 shares of the company’s stock worth $453,609,000 after acquiring an additional 1,293,974 shares in the last quarter. Janus Henderson Group PLC lifted its position in Vistra by 36.0% during the 3rd quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company’s stock worth $448,320,000 after acquiring an additional 1,000,307 shares in the last quarter. Castle Hook Partners LP lifted its position in Vistra by 33.5% during the 3rd quarter. Castle Hook Partners LP now owns 2,610,273 shares of the company’s stock worth $309,422,000 after acquiring an additional 654,568 shares in the last quarter. Finally, Rubric Capital Management LP lifted its position in Vistra by 60.1% during the 3rd quarter. Rubric Capital Management LP now owns 2,125,000 shares of the company’s stock worth $251,898,000 after acquiring an additional 797,894 shares in the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

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.