First Trust Direct Indexing L.P. Buys 1,411 Shares of Vistra Corp. (NYSE:VST)

First Trust Direct Indexing L.P. lifted its stake in shares of Vistra Corp. (NYSE:VST) by 38.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,100 shares of the company’s stock after purchasing an additional 1,411 shares during the period. First Trust Direct Indexing L.P.’s holdings in Vistra were worth $605,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in VST. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Vistra in the 3rd quarter valued at $30,000. CVA Family Office LLC raised its stake in Vistra by 1,505.9% in the 3rd 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 2nd quarter valued at $26,000. ORG Wealth Partners LLC bought a new stake in Vistra in the 3rd quarter valued at $40,000. Finally, Fortitude Family Office LLC raised its stake in Vistra by 125.0% in the 3rd quarter. Fortitude Family Office LLC now owns 360 shares of the company’s stock valued at $43,000 after acquiring an additional 200 shares during the period. Institutional investors own 90.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on VST shares. Guggenheim increased their price target on Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. UBS Group dropped 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. BMO Capital Markets upped their price objective on Vistra from $146.00 to $147.00 and gave the company an “outperform” rating in a report on Tuesday, October 29th. Jefferies Financial Group upped their price objective on Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Finally, BNP Paribas assumed coverage on Vistra in a report on Monday, October 14th. They issued an “outperform” rating and a $231.00 price objective on the stock. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $145.40.

Vistra Stock Performance

VST opened at $119.51 on Friday. The firm has a market cap of $41.06 billion, a P/E ratio of 87.88 and a beta of 1.09. Vistra Corp. has a 52-week low of $33.84 and a 52-week high of $143.87. 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 business’s fifty day moving average is $108.66 and its 200-day moving average is $92.67.

Vistra (NYSE:VST) last released its earnings results on Thursday, August 8th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate 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 period last year, the company posted $1.03 earnings per share. Sell-side analysts expect that Vistra Corp. will post 4.02 EPS for the current fiscal year.

Vistra Increases Dividend

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