Vistra Corp. (NYSE:VST) Sees Large Decline in Short Interest
Vistra Corp. (NYSE:VST – Get Free Report) saw a significant decrease in short interest in November. As of November 30th, there was short interest totalling 12,820,000 shares, a decrease of 17.7% from the November 15th total of 15,570,000 shares. Currently, 3.7% of the shares of the company are sold short. Based on an average daily volume of 4,950,000 shares, the days-to-cover ratio is presently 2.6 days.
Institutional Investors Weigh In On Vistra
Several hedge funds have recently bought and sold shares of VST. FinTrust Capital Advisors LLC acquired a new position in shares of Vistra during the 3rd quarter valued at about $26,000. Fifth Third Bancorp acquired a new position in shares of Vistra during the 3rd quarter valued at about $29,000. Quarry LP acquired a new position in shares of Vistra during the 2nd quarter valued at about $29,000. Allworth Financial LP increased its holdings in shares of Vistra by 48.9% during the 2nd quarter. Allworth Financial LP now owns 1,205 shares of the company’s stock valued at $32,000 after acquiring an additional 396 shares during the last quarter. Finally, IFP Advisors Inc increased its holdings in shares of Vistra by 311.1% during the 2nd quarter. IFP Advisors Inc now owns 2,257 shares of the company’s stock valued at $32,000 after acquiring an additional 1,708 shares during the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.
Vistra Trading Up 0.5 %
Shares of NYSE VST traded up $0.19 during mid-day trading on Friday, hitting $37.68. 14,998,797 shares of the company traded hands, compared to its average volume of 4,022,626. Vistra has a 1 year low of $21.18 and a 1 year high of $38.34. The stock has a market capitalization of $13.47 billion, a price-to-earnings ratio of 11.08 and a beta of 0.92. The company has a quick ratio of 1.14, a current ratio of 1.22 and a debt-to-equity ratio of 3.34. The business has a 50 day moving average of $34.48 and a two-hundred day moving average of $30.80.
Vistra (NYSE:VST – Get Free Report) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.02 by ($0.77). The business had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $6.98 billion. Vistra had a return on equity of 17.79% and a net margin of 9.19%. On average, sell-side analysts anticipate that Vistra will post 3.79 earnings per share for the current fiscal year.
Vistra Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Wednesday, December 20th will be paid a $0.213 dividend. This is an increase from Vistra’s previous quarterly dividend of $0.21. This represents a $0.85 annualized dividend and a yield of 2.26%. The ex-dividend date is Tuesday, December 19th. Vistra’s dividend payout ratio is currently 24.12%.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on VST shares. Morgan Stanley increased their price target on Vistra from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 21st. BMO Capital Markets raised their target price on Vistra from $42.00 to $43.00 and gave the company an “outperform” rating in a research note on Thursday, November 9th. Finally, Bank of America raised their target price on Vistra from $31.00 to $37.00 and gave the company a “buy” rating in a research note on Thursday, September 21st.
View Our Latest Stock Analysis on VST
About Vistra (Get Free Report)
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.
Further Reading
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