Vistra Corp. (NYSE:VST – Free Report) – Analysts at Seaport Res Ptn increased their FY2023 earnings estimates for shares of Vistra in a research note issued to investors on Wednesday, September 20th. Seaport Res Ptn analyst A. Storozynski now forecasts that the company will post earnings of $3.54 per share for the year, up from their prior estimate of $3.11. The consensus estimate for Vistra’s current full-year earnings is $3.54 per share. Seaport Res Ptn also issued estimates for Vistra’s FY2024 earnings at $4.74 EPS, FY2025 earnings at $5.70 EPS, FY2026 earnings at $6.25 EPS and FY2027 earnings at $8.48 EPS.
Vistra (NYSE:VST – Get Free Report) last released its quarterly earnings results on Wednesday, August 9th. The company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.21. Vistra had a net margin of 9.60% and a return on equity of 22.75%. The firm had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $2.78 billion.
View Our Latest Analysis on VST
Vistra Price Performance
VST stock opened at $33.22 on Monday. The stock has a market cap of $12.21 billion, a PE ratio of 9.08 and a beta of 0.97. The company has a current ratio of 1.17, a quick ratio of 1.08 and a debt-to-equity ratio of 3.42. Vistra has a 12 month low of $20.76 and a 12 month high of $34.28. The company has a 50-day moving average price of $30.35 and a 200 day moving average price of $26.66.
Institutional Investors Weigh In On Vistra
Several large investors have recently modified their holdings of VST. Steadfast Capital Management LP bought a new stake in shares of Vistra in the 2nd quarter valued at about $67,462,000. Rubric Capital Management LP bought a new position in shares of Vistra during the 1st quarter worth approximately $59,056,000. Zimmer Partners LP bought a new position in shares of Vistra during the 1st quarter worth approximately $50,438,000. Renaissance Technologies LLC raised its stake in shares of Vistra by 2,443.7% during the 1st quarter. Renaissance Technologies LLC now owns 1,781,440 shares of the company’s stock worth $41,418,000 after acquiring an additional 1,711,407 shares in the last quarter. Finally, PointState Capital LP bought a new position in shares of Vistra during the 1st quarter worth approximately $32,716,000. Institutional investors own 91.31% of the company’s stock.
Insider Activity
In other news, EVP Stephanie Zapata Moore sold 122,662 shares of the business’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $30.57, for a total value of $3,749,777.34. Following the completion of the sale, the executive vice president now owns 137,782 shares in the company, valued at approximately $4,211,995.74. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.36% of the company’s stock.
Vistra Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Wednesday, September 20th will be issued a $0.206 dividend. The ex-dividend date of this dividend is Tuesday, September 19th. This represents a $0.82 annualized dividend and a dividend yield of 2.48%. This is a positive change from Vistra’s previous quarterly dividend of $0.20. Vistra’s payout ratio is currently 22.40%.
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 20 states in the United States and the District of Columbia.
Featured Stories
- Five stocks we like better than Vistra
- Bank Stocks – Best Bank Stocks to Invest In
- 3 Reasons This Sleeping Giant Is About To Wake Up
- How to Use the MarketBeat Dividend Calculator
- MarketBeat Week in Review – 9/18 – 9/22
- Unveiling The Power Of VWAP: A Key Indicator For Traders
- 52-week Low Names To Tip The Upside Scale In Your Favor
Receive News & Ratings for Vistra Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vistra and related companies with MarketBeat.com's FREE daily email newsletter.
