Vistra Corp. (NYSE:VST) Shares Purchased by Greenleaf Trust

Greenleaf Trust lifted its position in Vistra Corp. (NYSE:VST) by 3.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,313 shares of the company’s stock after acquiring an additional 619 shares during the quarter. Greenleaf Trust’s holdings in Vistra were worth $1,934,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in VST. Castle Hook Partners LP boosted its holdings in shares of Vistra by 470.0% in the 1st quarter. Castle Hook Partners LP now owns 3,769,842 shares of the company’s stock valued at $262,569,000 after buying an additional 3,108,511 shares during the period. TD Asset Management Inc lifted its holdings in Vistra by 9,668.5% in the first quarter. TD Asset Management Inc now owns 2,940,113 shares of the company’s stock worth $204,779,000 after acquiring an additional 2,910,015 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Vistra by 115.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,532,657 shares of the company’s stock valued at $217,758,000 after acquiring an additional 1,356,488 shares during the period. Thrivent Financial for Lutherans grew its holdings in shares of Vistra by 1,358.2% during the second quarter. Thrivent Financial for Lutherans now owns 1,228,144 shares of the company’s stock valued at $105,596,000 after purchasing an additional 1,143,918 shares during the last quarter. Finally, Marshall Wace LLP raised its position in shares of Vistra by 315.9% during the 2nd quarter. Marshall Wace LLP now owns 1,175,811 shares of the company’s stock worth $101,096,000 after purchasing an additional 893,093 shares during the period. 90.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on VST. Morgan Stanley increased 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. BMO Capital Markets reiterated an “outperform” rating and issued a $146.00 price objective (up from $125.00) on shares of Vistra in a research report on Friday, October 4th. Guggenheim upped their target price on shares of Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. BNP Paribas began coverage on Vistra in a report on Monday, October 14th. They set an “outperform” rating and a $231.00 price target on the stock. Finally, Royal Bank of Canada boosted their price objective on Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $145.30.

Vistra Price Performance

Shares of NYSE:VST opened at $126.11 on Thursday. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.88 and a current ratio of 0.98. The company has a market capitalization of $43.33 billion, a PE ratio of 92.73 and a beta of 1.10. The stock has a fifty day moving average of $102.66 and a 200-day moving average of $90.19. Vistra Corp. has a one year low of $31.92 and a one year high of $143.87.

Vistra (NYSE:VST) last issued 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). 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 analysts’ expectations of $4.04 billion. During the same period in the prior year, the business posted $1.03 EPS. As a group, equities analysts anticipate that Vistra Corp. will post 4.7 EPS for the current fiscal year.

Vistra Increases Dividend

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