Vistra (NYSE:VST) Price Target Raised to $125.00 at BMO Capital Markets

Vistra (NYSE:VST) had its price objective increased by BMO Capital Markets from $120.00 to $125.00 in a research note issued to investors on Friday morning, Benzinga reports. The brokerage currently has an outperform rating on the stock.

Other equities analysts also recently issued reports about the stock. Morgan Stanley lifted their target price on shares of Vistra from $109.00 to $110.00 and gave the stock an overweight rating in a research note on Friday, August 23rd. Jefferies Financial Group started coverage on shares of Vistra in a research report on Friday, September 13th. They set a buy rating and a $99.00 price target for the company. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Buy and an average target price of $100.83.

Vistra Stock Up 16.3 %

VST stock opened at $107.88 on Friday. Vistra has a 52 week low of $31.16 and a 52 week high of $108.26. The company has a quick ratio of 0.88, a current ratio of 0.98 and a debt-to-equity ratio of 2.89. The firm has a 50-day simple moving average of $80.15 and a 200-day simple moving average of $80.85. The stock has a market capitalization of $37.48 billion, a P/E ratio of 66.18 and a beta of 1.08.

Vistra (NYSE:VST) last issued 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 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 analysts’ expectations of $4.04 billion. During the same quarter in the previous year, the firm posted $1.03 earnings per share. Equities analysts forecast that Vistra will post 4.52 earnings per share for the current fiscal year.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 20th will be issued a dividend of $0.2195 per share. This represents a $0.88 annualized dividend and a yield of 0.81%. The ex-dividend date is Friday, September 20th. This is a boost from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is 53.37%.

Institutional Trading of Vistra

A number of large investors have recently made changes to their positions in VST. Mather Group LLC. acquired a new position in Vistra during the first quarter worth $26,000. Redwood Wealth Management Group LLC purchased a new stake in Vistra during the second quarter worth approximately $26,000. New Covenant Trust Company N.A. purchased a new position in Vistra in the first quarter valued at about $32,000. EdgeRock Capital LLC acquired a new position in shares of Vistra during the second quarter worth $34,000. Finally, Riverview Trust Co acquired a new position in Vistra in the 1st quarter worth $39,000. 90.88% of the stock is owned by institutional investors and hedge funds.

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.