Vistra Corp. [NYSE: VST] slipped around -0.01 points on Friday, while shares priced at $16.05 at the close of the session, down -0.06%. The company report on May 6, 2021 that Vistra Prices Private Offering of $1.25 Billion of Senior Unsecured Notes.
Vistra Corp. (NYSE: VST) (the “Company” or “Vistra”) announced the pricing of a private offering (the “Offering”) of $1.25 billion aggregate principal amount of senior unsecured notes due 2029 (the “Notes”) to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to certain non-U.S. persons in accordance with Regulation S under the Securities Act. The Notes will be senior, unsecured obligations of Vistra Operations Company LLC, a Delaware limited liability company and an indirect, wholly owned subsidiary of the Company (the “Issuer”). The Notes will bear interest at the rate of 4.375% per annum and will be fully and unconditionally guaranteed by certain of the Issuer’s current and future subsidiaries. The Offering is expected to close on May 10, 2021, subject to customary closing conditions. The Issuer intends to use the proceeds of the Offering, together with cash on hand, (i) to repay all amounts outstanding under the Issuer’s Term Loan A Facility, specifically the $1.25 billion 364-day term loan the Issuer raised in March and April 2021, and (ii) to pay fees and expenses related to the Offering. The Notes will not be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements.
This press release does not constitute an offer to purchase securities or a solicitation of an offer to sell any securities or an offer to sell or the solicitation of an offer to purchase any new securities, nor does it constitute an offer or solicitation in any jurisdiction in which such offer or solicitation is unlawful.
Vistra Corp. stock is now -18.36% down from its year-to-date (YTD) trading value. VST Stock saw the intraday high of $16.06 and lowest of $15.47 per share. The company’s 52-week high price is 24.20, which means current price is +3.75% above from all time high which was touched on 02/24/21.
Compared to the average trading volume of 6.76M shares, VST reached a trading volume of 11042409 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Vistra Corp. [VST]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VST shares is $22.35 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VST stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BofA Securities have made an estimate for Vistra Corp. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 12, 2021. The new note on the price target was released on March 17, 2021, representing the official price target for Vistra Corp. stock.
The Average True Range (ATR) for Vistra Corp. is set at 0.43, with the Price to Sales ratio for VST stock in the period of the last 12 months amounting to 0.68. The Price to Book ratio for the last quarter was 0.94, with the Price to Cash per share for the same quarter was set at 0.83. Price to Free Cash Flow for VST in the course of the last twelve months was 4.31 with Quick ratio for the last quarter at 1.00.
How has VST stock performed recently?
Vistra Corp. [VST] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.86. With this latest performance, VST shares dropped by -8.81% in over the last four-week period, additionally sinking by -12.49% over the last 6 months – not to mention a drop of -10.58% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for VST stock in for the last two-week period is set at 30.29, with the RSI for the last a single of trading hit 22.45, and the three-weeks RSI is set at 35.19 for Vistra Corp. [VST]. The present Moving Average for the last 50 days of trading for this stock 17.42, while it was recorded at 16.29 for the last single week of trading, and 18.85 for the last 200 days.
Vistra Corp. [VST]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Vistra Corp. [VST] shares currently have an operating margin of +13.40 and a Gross Margin at +22.61. Vistra Corp.’s Net Margin is presently recorded at +5.75.
Return on Total Capital for VST is now 7.90, given the latest momentum, and Return on Invested Capital for the company is 3.53. Return on Equity for this stock inclined to 7.79, with Return on Assets sitting at 2.45. When it comes to the capital structure of this company, Vistra Corp. [VST] has a Total Debt to Total Equity ratio set at 118.17. Additionally, VST Total Debt to Total Capital is recorded at 54.16, with Total Debt to Total Assets ending up at 39.24. Long-Term Debt to Equity for the company is recorded at 113.26, with the Long-Term Debt to Total Capital now at 51.91.
Reflecting on the efficiency of the workforce at the company, Vistra Corp. [VST] managed to generate an average of $118,546 per employee. Receivables Turnover for the company is 8.37 with a Total Asset Turnover recorded at a value of 0.43.Vistra Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.10.
Earnings analysis for Vistra Corp. [VST]
With the latest financial reports released by the company, Vistra Corp. posted 0.34/share EPS, while the average EPS was predicted by analysts to be reported at 0.41/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -17.10%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for VST. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Vistra Corp. go to 22.90%.
Insider trade positions for Vistra Corp. [VST]
There are presently around $7,470 million, or 96.50% of VST stock, in the hands of institutional investors. The top three institutional holders of VST stocks are: VANGUARD GROUP INC with ownership of 46,057,648, which is approximately -0.2% of the company’s market cap and around 0.40% of the total institutional ownership; FMR LLC, holding 36,153,468 shares of the stock with an approximate value of $580.62 million in VST stocks shares; and OAKTREE CAPITAL MANAGEMENT LP, currently with $486.27 million in VST stock with ownership of nearly 0% of the company’s market capitalization.
Positions in Vistra Corp. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 214 institutional holders increased their position in Vistra Corp. [NYSE:VST] by around 44,245,033 shares. Additionally, 205 investors decreased positions by around 54,543,544 shares, while 45 investors held positions by with 366,322,247 shares. The mentioned changes placed institutional holdings at 465,110,824 shares, according to the latest SEC report filing. VST stock had 53 new institutional investments in for a total of 13,279,766 shares, while 63 institutional investors sold positions of 10,907,213 shares during the same period.