Monthly Stock Report: Vistra Corp. (VST)
Publication Date: September 22, 2024
Company Overview
Vistra Corp. (VST), headquartered in Irving, Texas, is a prominent player in the utilities sector, specializing as an integrated retail electricity and power generation company. Serving around 5 million residential, commercial, and industrial customers across the U.S. and the District of Columbia, Vistra delivers crucial electricity and natural gas services. With a formidable generation capacity of approximately 41,000 megawatts, the company boasts a diverse energy portfolio that includes natural gas, nuclear, coal, solar, and battery storage. Founded in 1882, Vistra distinguishes itself as a well-established stock entity, making it a compelling option for investors seeking opportunities in the Independent Power Producers segment of the utilities industry.
Financial Highlights
Vistra Corp. reported total revenue of approximately $14.06 billion, underscoring its strong market presence and financial stability. The stock currently trades at $107.88, with an optimistic target high price of $133.00, which represents a potential upside of about 23.4%. Additionally, the target mean price stands at $110.24, indicating moderate growth expectations. Analysis of market sentiment reveals a relatively low short interest, with only 4.1% of its 340,486,528 float shares shorted. This suggests a degree of investor confidence in the company’s performance. With a recommendation mean of 1.7 from 12 analysts, Vistra is perceived as a strong buy, signaling a robust outlook for future price appreciation.
Market Performance
Vistra’s stock has demonstrated significant upward momentum, trading just below its fifty-two-week high of $108.26, showcasing investor confidence and strong performance over the past year. The notable recovery from its fifty-two-week low of $31.16 highlights the company’s ability to capitalize on market trends effectively. Moreover, Vistra’s fifty-day moving average of $80.276 indicates that the current price is substantially above average performance, reinforcing positive market sentiment. With the Independent Power Producers industry forecasted to thrive amid increasing energy demand, Vistra Corp. stands out as a promising investment opportunity for those looking to diversify their portfolios within the utilities space.
| Metric | Value |
|---|---|
| Market Cap | $37.1b |
| Total Debt | $17.0b |
| Total Cash | $1.7b |
| Shares Outstanding | 343.6m |
| Float Shares | 340.5m |
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