Cwm LLC Increases Stock Holdings in Vistra Corp. (NYSE:VST)

Cwm LLC raised its position in shares of Vistra Corp. (NYSE:VST) by 26.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,158 shares of the company’s stock after acquiring an additional 1,514 shares during the period. Cwm LLC’s holdings in Vistra were worth $849,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in VST. Gunderson Capital Management Inc. boosted its position in shares of Vistra by 21.9% in the third quarter. Gunderson Capital Management Inc. now owns 40,401 shares of the company’s stock worth $4,789,000 after buying an additional 7,252 shares during the period. Strategic Wealth Partners Ltd. boosted its position in shares of Vistra by 35.5% in the third quarter. Strategic Wealth Partners Ltd. now owns 8,258 shares of the company’s stock worth $979,000 after buying an additional 2,165 shares during the period. Artemis Investment Management LLP boosted its position in shares of Vistra by 400.9% in the third quarter. Artemis Investment Management LLP now owns 827,000 shares of the company’s stock worth $98,033,000 after buying an additional 661,881 shares during the period. Atomi Financial Group Inc. purchased a new stake in shares of Vistra in the third quarter worth about $248,000. Finally, Chesley Taft & Associates LLC purchased a new stake in shares of Vistra in the third quarter worth about $201,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Wall Street Analysts Forecast Growth

VST has been the subject of several analyst reports. Morgan Stanley upped their target price on Vistra from $110.00 to $132.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. JPMorgan Chase & Co. assumed coverage on Vistra in a research note on Thursday. They issued an “overweight” rating and a $178.00 price target on the stock. BMO Capital Markets reiterated an “outperform” rating and issued a $146.00 price target (up previously from $125.00) on shares of Vistra in a research note on Friday, October 4th. BNP Paribas assumed coverage on Vistra in a research note on Monday, October 14th. They issued an “outperform” rating and a $231.00 price target on the stock. Finally, Guggenheim boosted their price target on Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Ten analysts have rated the stock with a buy rating, According to MarketBeat.com, Vistra currently has an average rating of “Buy” and a consensus price target of $141.30.

Vistra Trading Up 3.1 %

Shares of NYSE VST opened at $131.16 on Friday. The stock’s 50 day moving average price is $99.78 and its two-hundred day moving average price is $88.93. Vistra Corp. has a 52-week low of $31.43 and a 52-week high of $143.87. The stock has a market capitalization of $45.06 billion, a P/E ratio of 96.44 and a beta of 1.10. The company has a quick ratio of 0.88, a current ratio of 0.98 and a debt-to-equity ratio of 2.89.

Vistra (NYSE:VST) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.69). The company had revenue of $3.85 billion for the quarter, compared to analyst estimates of $4.04 billion. Vistra had a return on equity of 21.05% and a net margin of 4.61%. During the same quarter in the previous year, the company posted $1.03 earnings per share. On average, analysts anticipate that Vistra Corp. will post 4.7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 20th were given a dividend of $0.2195 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.67%. This is a boost from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, September 20th. Vistra’s dividend payout ratio is presently 64.71%.

Vistra Profile

Vistra Corp., together with its subsidiaries, operates as an integrated retail electricity and power generation company. The company operates through six segments: Retail, Texas, East, West, Sunset, and Asset Closure. It retails electricity and natural gas to residential, commercial, and industrial customers across states in the United States and the District of Columbia.