Vistra Corp. (NYSE:VST) Position Boosted by Private Advisor Group LLC

Private Advisor Group LLC raised its holdings in shares of Vistra Corp. (NYSE:VST) by 4.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,366 shares of the company’s stock after acquiring an additional 381 shares during the quarter. Private Advisor Group LLC’s holdings in Vistra were worth $992,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Vistra during the third quarter worth approximately $30,000. CVA Family Office LLC grew its position in Vistra by 1,505.9% in the third quarter. CVA Family Office LLC now owns 273 shares of the company’s stock valued at $32,000 after acquiring an additional 256 shares during the period. Redwood Wealth Management Group LLC bought a new stake in Vistra in the second quarter valued at $26,000. ORG Wealth Partners LLC bought a new stake in Vistra in the third quarter valued at $40,000. Finally, EdgeRock Capital LLC bought a new stake in Vistra in the second quarter valued at $34,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on VST. Guggenheim increased their target price on Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Royal Bank of Canada increased their target price on Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. BMO Capital Markets upped their price target on Vistra from $146.00 to $147.00 and gave the company an “outperform” rating in a research note on Tuesday. JPMorgan Chase & Co. started coverage on Vistra in a research note on Thursday, October 17th. They set an “overweight” rating and a $178.00 price target on the stock. Finally, UBS Group cut their price target on Vistra from $157.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, October 22nd. Ten research analysts have rated the stock with a buy rating, According to MarketBeat.com, Vistra has an average rating of “Buy” and a consensus target price of $145.40.

Vistra Stock Down 4.4 %

Shares of NYSE:VST opened at $119.51 on Friday. The company has a market capitalization of $41.06 billion, a price-to-earnings ratio of 87.88 and a beta of 1.10. 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 business’s 50-day moving average is $107.98 and its 200-day moving average is $92.32. Vistra Corp. has a 1 year low of $33.84 and a 1 year high of $143.87.

Vistra (NYSE:VST) last posted 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 firm 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 period last year, the company posted $1.03 earnings per share. Equities research analysts predict that Vistra Corp. will post 4.02 earnings per share for the current year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be issued a dividend of $0.221 per share. This represents a $0.88 annualized dividend and a yield of 0.74%. This is a positive change from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, December 20th. Vistra’s dividend payout ratio is 64.71%.

About Vistra

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.