Kestra Investment Management LLC Takes $576,000 Position in Vistra Corp. (NYSE:VST)

Kestra Investment Management LLC acquired a new position in shares of Vistra Corp. (NYSE:VST) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,703 shares of the company’s stock, valued at approximately $576,000.

Several other large investors have also bought and sold shares of VST. New Century Financial Group LLC acquired a new position in Vistra during the second quarter worth about $220,000. Cetera Investment Advisers grew its holdings in shares of Vistra by 5.6% during the 2nd quarter. Cetera Investment Advisers now owns 96,680 shares of the company’s stock valued at $8,313,000 after purchasing an additional 5,094 shares during the last quarter. Senator Investment Group LP acquired a new position in Vistra during the 2nd quarter worth approximately $23,644,000. Kimelman & Baird LLC bought a new position in Vistra in the 2nd quarter valued at approximately $533,000. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in Vistra in the second quarter valued at approximately $215,000. 90.88% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on VST. BMO Capital Markets upped their price target on shares of Vistra from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, September 20th. Morgan Stanley upped their target price on Vistra from $110.00 to $132.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. Finally, Jefferies Financial Group lifted their price target on Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $110.83.

Vistra Stock Performance

Shares of Vistra stock opened at $118.54 on Tuesday. The stock has a market cap of $41.19 billion, a price-to-earnings ratio of 72.72 and a beta of 1.08. The company has a quick ratio of 0.88, a current ratio of 0.98 and a debt-to-equity ratio of 2.89. Vistra Corp. has a twelve month low of $31.16 and a twelve month high of $122.01. The company’s fifty day moving average is $84.42 and its 200 day moving average is $83.17.

Vistra (NYSE:VST) last released 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 net margin of 4.61% and a return on equity of 21.05%. The company had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $4.04 billion. During the same quarter last year, the firm posted $1.03 EPS. Sell-side analysts forecast that Vistra Corp. will post 4.7 EPS for the current 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 given a dividend of $0.2195 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend was Friday, September 20th. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio is currently 53.37%.

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.