Kendall Capital Management lowered its position in Vistra Corp. (NYSE:VST – Free Report) by 9.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,775 shares of the company’s stock after selling 1,260 shares during the period. Kendall Capital Management’s holdings in Vistra were worth $1,098,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Private Advisor Group LLC bought a new position in Vistra during the 4th quarter worth about $375,000. Envestnet Portfolio Solutions Inc. bought a new position in Vistra during the 4th quarter worth about $203,000. Quadrant Capital Group LLC increased its holdings in Vistra by 73.0% during the 4th quarter. Quadrant Capital Group LLC now owns 2,637 shares of the company’s stock worth $102,000 after purchasing an additional 1,113 shares in the last quarter. Norges Bank bought a new position in Vistra during the 4th quarter worth about $77,523,000. Finally, PNC Financial Services Group Inc. increased its holdings in Vistra by 89.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 10,124 shares of the company’s stock worth $390,000 after purchasing an additional 4,772 shares in the last quarter. Institutional investors own 90.88% of the company’s stock.
Vistra Trading Up 0.1 %
Shares of NYSE:VST opened at $91.20 on Thursday. Vistra Corp. has a 52-week low of $31.16 and a 52-week high of $107.24. The company has a market capitalization of $31.33 billion, a P/E ratio of 55.95 and a beta of 1.08. The company has a 50-day simple moving average of $79.82 and a 200 day simple moving average of $80.04. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.88 and a current ratio of 0.98.
Vistra Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 20th will be given a dividend of $0.2195 per share. The ex-dividend date is Friday, September 20th. This is an increase from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a yield of 0.96%. Vistra’s dividend payout ratio (DPR) is 53.37%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on VST shares. Jefferies Financial Group started coverage on Vistra in a report on Friday, September 13th. They issued a “buy” rating and a $99.00 price objective for the company. Morgan Stanley raised their price objective on Vistra from $109.00 to $110.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $89.43.
View Our Latest Stock Analysis on Vistra
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.
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