Vistra Corp. (NYSE: VST) stock fell -0.53% on Thursday to $24.27 against a previous-day closing price of $24.40. With 2.6 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.03 million shares. During the session, the Utilities – Independent Power Producers company that operates in wider Utilities sector, reached to the highest price of $24.61 whereas the lowest price it dropped to was $23.85. The 52-week range on VST shows that it touched its highest point at $27.39 and its lowest point at $20.76 during that stretch. It currently has a 1-year price target of $32.89. With its current market cap of 9.03 billion, VST has annualized dividend of $0.82 while the current yield stands at 3.36%. Beta for the stock currently stands at 0.97.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of VST was down-trending over the past week, with a drop of -0.70%, but this was up by 5.66% over a month. Three-month performance surged to 8.54% while six-month performance rose 3.59%. The stock lost -4.75% in the past year, while it has gained 4.61% so far this year. A look at the trailing 12-month EPS for VST yields -0.77 with Next year EPS estimates of 2.94. For the next quarter, that number is -0.02. This implies an EPS growth rate of -21.40% for this year and 0.41% for next year.
Float and Shares Shorts:
At present, 383.63 million VST shares are outstanding with a float of 370.90 million shares on hand for trading. On Apr 27, 2023, short shares totaled 8.08 million, which was 2.13% higher than short shares on Mar 30, 2023. In addition to Mr. James A. Burke as the firm’s Pres, CEO & Director, Mr. Kristopher E. Moldovan serves as its Exec. VP & CFO.
Institutional Ownership:
Through their ownership of 98.41% of VST’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 54.24% of VST, in contrast to 38.58% held by mutual funds. Shares owned by individuals account for 38.30%. As the largest shareholder in VST with 12.23% of the stake, The Vanguard Group, Inc. holds 46,631,638 shares worth 46,631,638. A second-largest stockholder of VST, Oaktree Capital Management LP, holds 23,228,843 shares, controlling over 6.09% of the firm’s shares. Qatar Investment Authority is the third largest shareholder in VST, holding 22,890,145 shares or 6.00% stake. With a 3.24% stake in VST, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 12,363,035 shares are owned by the mutual fund manager. The Vanguard Mid Cap Index Fund, which owns about 2.44% of VST stock, is the second-largest Mutual Fund holder. It holds 9,290,591 shares valued at 221.67 million. Vanguard Extended Market Index Fu holds 1.36% of the stake in VST, owning 5,192,455 shares worth 123.89 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, VST reported revenue of $1.59B and operating income of -$1.68B. The EBITDA in the recently reported quarter was -$1.23B and diluted EPS was -$3.27.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for VST since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With VST analysts setting a high price target of $37.00 and a low target of $30.00, the average target price over the next 12 months is $32.78. Based on these targets, VST could surge 52.45% to reach the target high and rise by 23.61% to reach the target low. Reaching the average price target will result in a growth of 35.06% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded VST stock several times over the past three months with 17 Buys and 0 Sells. In these transactions, 473,724 shares were bought while 0 shares were sold. The number of buy transactions has increased to 42 while that of sell transactions has risen to 34 over the past year. The total number of shares bought during that period was 858,378 while 6,380,847 shares were sold.
