Allspring Global Investments Holdings LLC Purchases 70,780 Shares of Vistra Corp. (NYSE:VST)

Allspring Global Investments Holdings LLC raised its position in Vistra Corp. (NYSE:VST) by 43.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 235,198 shares of the company’s stock after acquiring an additional 70,780 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Vistra were worth $27,880,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in Vistra during the third quarter worth about $30,000. CVA Family Office LLC boosted its stake in shares of Vistra by 1,505.9% during the 3rd quarter. CVA Family Office LLC now owns 273 shares of the company’s stock worth $32,000 after acquiring an additional 256 shares during the period. Redwood Wealth Management Group LLC bought a new position in shares of Vistra during the 2nd quarter worth approximately $26,000. ORG Wealth Partners LLC acquired a new position in shares of Vistra during the 3rd quarter worth approximately $40,000. Finally, Mather Group LLC. bought a new stake in Vistra in the 1st quarter valued at $26,000. Institutional investors own 90.88% of the company’s stock.

Analysts Set New Price Targets

VST has been the subject of a number of research analyst reports. Jefferies Financial Group lifted their price objective on shares of Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. UBS Group decreased their price target on shares of Vistra from $157.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday. Morgan Stanley raised their price objective on shares of Vistra from $110.00 to $132.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. BNP Paribas began coverage on Vistra in a research report on Monday, October 14th. They issued an “outperform” rating and a $231.00 target price on the stock. Finally, JPMorgan Chase & Co. began coverage on Vistra in a report on Thursday, October 17th. They set an “overweight” rating and a $178.00 price target for the company. Ten research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $145.30.

Vistra Trading Up 0.9 %

Shares of NYSE:VST opened at $126.11 on Thursday. The business’s 50 day simple moving average is $102.66 and its 200 day simple moving average is $90.19. Vistra Corp. has a 1 year low of $31.92 and a 1 year high of $143.87. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.98 and a quick ratio of 0.88. The company has a market capitalization of $43.33 billion, a P/E ratio of 92.73 and a beta of 1.10.

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

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 20th were issued a dividend of $0.2195 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date was Friday, September 20th. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio is 64.71%.

Vistra Company 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.