BlackRock Fund Advisors recently announced the acquisition of new stake in Vistra Corp (NYSE:VST). The institutional investor has increased its shareholding in the Utilities company by 93.96% to 29.69 million shares with purchase of 14.38 million shares. This fresh investment now brings its stake to 8.08% valued currently at $971.6 million. In addition, SSgA Funds Management, Inc. raised its holdings by 4.34 million to 11.49 million shares. And Dimensional Fund Advisors LP has lifted its position by 4.98% or 0.28 million shares – to 5.85 million shares.
With over 5.0 million Vistra Corp (VST) shares trading Tuesday and a closing price of $34.49 on the day, the dollar volume was approximately $172.46 million. The shares have shown a positive half year performance of 40.43% and its price on 11/21/23 lost nearly -0.58%. Currently, there are 389.75M common shares owned by the public and among those 351.66M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 10 analysts who have offered their price forecasts for VST have a consensus price objective of $40.67. The analysts have set the share’s price value over the next 12 months at a high of $46.00 and a low of $32.00. The average price target is 15.2% above its recent price level and a downside to the estimated low will see the stock lose -7.78% over that period. But an upside of 25.02% will see the stock hit the forecast high price target while median target price for the stock is $41.00.
Insiders at the company have transacted a total of 77 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 39 of these insider trades were purchases, accounting for 993,251 shares. Insider sales of the common stock occurred on 38 occasions, with total insider shares sold totaling 5,711,891 shares.
The top 3 mutual fund holders in Vistra Corp are Vanguard Total Stock Market ETF, iShares Core S&P Mid Cap ETF, and Vanguard Extended Market Index Fu. Vanguard Total Stock Market ETF owns 11.48 million shares of the company’s stock, all valued at over $375.78 million. The company bought an additional 40279.0 shares recently to bring their total holdings to about 3.13% of the shares outstanding. Vanguard Extended Market Index Fu bought 97665.0 shares to bring its total holdings to over 4.91 million shares at a value of $160.73 million. Vanguard Extended Market Index Fu now owns shares totaling to 1.34% of the shares outstanding.
Shares of Vistra Corp (NYSE: VST) opened at $34.70, up $0.01 from a prior closing price of $34.69. However, the script later moved the day high at 34.93, down -0.58%. The company’s stock has a 5-day price change of -2.07% and 13.72% over the past three months. VST shares are trading 48.66% year to date (YTD), with the 12-month market performance up to 50.55% higher. It has a 12-month low price of $21.18 and touched a high of $36.50 over the same period. VST has an average intraday trading volume of 5.19 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.19%, 3.92%, and 24.95% respectively.
Institutional ownership of Vistra Corp (NYSE: VST) shares accounts for 99.93% of the company’s 389.75M shares outstanding. Mutual fund holders own 44.95%, while other institutional holders and individual stakeholders account for 52.62% and 39.75% respectively.
It has a market capitalization of $12.33B and a beta (3y monthly) value of 0.93. The stock’s trailing 12-month PE ratio is 10.16, while the earnings-per-share (ttm) stands at $3.39. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.65% over the week and 2.26% over the month.
Analysts forecast that Vistra Corp (VST) will achieve an EPS of $1.57 for the current quarter, -$0.84 for the next quarter and $4.23 for 2024. The lowest estimate earnings-per-share for the quarter is $1.18 while analysts give the company a high EPS estimate of $2.02. Comparatively, EPS for the current quarter was $1.51 a year ago. Earnings per share for the fiscal year are expected to increase by 184.32%, and 12.70% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 10 brokerage firm advisors rate Vistra Corp (VST) as a “Strong Buy” at a consensus score of 1.40. Specifically, 8 Wall Street analysts polled rate the stock as a buy, while 0 of the 10 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the VST, a number of firms have released research notes about the stock. BofA Securities stated their Buy rating for the stock in a research note on September 30, 2021, with the firm’s price target at $23.
