Vistra Corp (NYSE: VST) Surprises Bears With Upbeat Outlook.

In the last trading session, 5.4 million shares of the Vistra Corp (NYSE:VST) were traded, and its beta was 1.07. Most recently the company’s share price was $71.53, and it changed around $1.88 or 2.70% from the last close, which brings the market valuation of the company to $24.88B. VST currently trades at a discount to its 52-week high of $73.05, offering almost -2.12% off that amount. The share price’s 52-week low was $22.67, which indicates that the current value has risen by an impressive 68.31% since then. We note from Vistra Corp’s average daily trading volume that its 10-day average is 6.32 million shares, with the 3-month average coming to 4.83 million.

Vistra Corp stock received a consensus recommendation rating of Overweight, based on a mean score of 1.44. If we narrow it down even further, the data shows that 0 out of 7 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 2 recommended VST as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Vistra Corp is expected to report earnings per share of $0.46 for the current quarter.

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Vistra Corp (NYSE:VST) trade information

Instantly VST has showed a green trend with a performance of 2.70% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently up 85.70% year-to-date, but still up 3.53% over the last five days. On the other hand, Vistra Corp (NYSE:VST) is 31.15% up in the 30-day period. We can see from the shorts that 11.91 million shares have been sold at a short interest cover period of 1.79 day(s).

The consensus price target as assigned by Wall Street analysts is $29.5, which translates to bulls needing to decrease their stock price by -142.47% from its current value. Analyst projections state that VST is forecast to be at a low of $28 and a high of $31.

Vistra Corp (VST) estimates and forecasts

Vistra Corp share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 113.97 percent over the past six months and at a 19.50% annual growth rate that is well above the industry average of 6.00%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -73.10% in revenue this quarter, and will report a decrease of -21.40% in the next quarter. The year-over-year growth rate is expected to be 2.00%, up from the previous year.

Consensus estimates provided by 3 financial analysts predict the company will bring in an average of $2.8 billion in revenue for the current quarter. 3 analysts expect Vistra Corp to make $2.82 billion in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $1.89 billion and $3.19 billion respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 48.50%. Forecasts for the next quarter put sales growth at -11.40%.

VST Dividends

Vistra Corp’s next quarterly earnings report is expected to be released around May 07 and May 13. The annual dividend yield of the stock is 1.17 percent and its annual dividend per share was 0.84. It is important to note, however, that the 1.17% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.

Vistra Corp (NYSE:VST)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 0.63% of Vistra Corp shares, and 93.01% of them are in the hands of institutional investors. The stock currently has a share float of 93.59%. Vistra Corp stock is held by 771 institutions, with Vanguard Group Inc being the largest institutional investor. By Jun 29, 2023, it held 12.28% of the shares, which is about 45.13 million shares worth $1.18 billion.

FMR, LLC, with 7.33% or 26.94 million shares worth $707.18 million as of Jun 29, 2023, holds the second largest percentage of outstanding shares.

Vanguard Total Stock Market Index Fund and iShares Core S&P Midcap ETF were the top two Mutual Funds as of Jun 29, 2023. The former held 11.72 million shares worth $307.76 million, making up 3.19% of all outstanding shares. On the other hand, iShares Core S&P Midcap ETF held roughly 10.81 million shares worth around $358.55 million, which represents about 2.94% of the total shares outstanding.