Seaport Res Ptn Comments on Vistra FY2024 Earnings

Vistra Corp. (NYSE:VST) – Equities research analysts at Seaport Res Ptn issued their FY2024 earnings per share estimates for shares of Vistra in a report released on Monday, January 27th. Seaport Res Ptn analyst A. Storozynski anticipates that the company will earn $6.16 per share 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.

Other analysts have also issued research reports about the company. Bank of America began coverage on Vistra in a report on Monday. They issued a “neutral” rating and a $206.00 price objective for the company. Guggenheim upped their price objective on Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. BMO Capital Markets upped their price objective on Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. JPMorgan Chase & Co. started coverage on Vistra in a research report on Thursday, October 17th. They issued an “overweight” rating and a $178.00 price target for the company. Finally, Morgan Stanley increased their price target on Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. One analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $171.64.

Vistra Trading Up 3.8 %

Shares of Vistra stock opened at $155.35 on Thursday. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. The firm has a market cap of $52.85 billion, a price-to-earnings ratio of 28.98, a price-to-earnings-growth ratio of 1.77 and a beta of 1.21. The business has a fifty day simple moving average of $155.91 and a 200-day simple moving average of $121.44. Vistra has a fifty-two week low of $40.57 and a fifty-two week high of $199.84.

Vistra (NYSE:VST) last released its quarterly earnings results on Thursday, November 7th. The company reported $5.25 earnings per share (EPS) 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 company had revenue of $6.29 billion during the quarter, compared to analysts’ expectations of $4.96 billion. During the same quarter in the prior year, the business posted $1.25 earnings per share.

Vistra declared that its Board of Directors has approved a stock buyback program 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 programs are generally an indication that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other Vistra news, Director Scott B. Helm sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $139.77, for a total transaction of $2,795,400.00. Following the completion of the sale, the director now directly owns 343,350 shares in the company, valued at approximately $47,990,029.50. This trade represents a 5.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Scott A. Hudson sold 115,000 shares of the firm’s stock in a transaction dated 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 owns 254,932 shares of the company’s stock, valued at $41,849,637.12. The trade was a 31.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 342,100 shares of company stock worth $55,087,314. 1.42% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Vistra

Hedge funds and other institutional investors have recently made changes to their positions in the company. Avior Wealth Management LLC raised its stake in shares of Vistra by 56.5% during the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock worth $25,000 after purchasing an additional 65 shares in the last quarter. Pathway Financial Advisers LLC increased its position in Vistra by 616.0% in the 4th quarter. Pathway Financial Advisers LLC now owns 179 shares of the company’s stock worth $25,000 after buying an additional 154 shares during the period. Founders Capital Management bought a new position in Vistra in the 4th quarter worth approximately $28,000. West Branch Capital LLC bought a new position in Vistra in the 4th quarter worth approximately $28,000. Finally, Comprehensive Financial Planning Inc. PA bought a new position in Vistra in the 4th quarter worth approximately $28,000. 90.88% of the stock is owned by hedge funds and other institutional investors.

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.