Vistra Corp. (NYSE:VST) Shares Purchased by M&R Capital Management Inc.

M&R Capital Management Inc. raised its position in Vistra Corp. (NYSE:VST) by 38,929.0% in the third quarter, HoldingsChannel reports. The fund owned 117,087 shares of the company’s stock after purchasing an additional 116,787 shares during the quarter. Vistra makes up approximately 3.1% of M&R Capital Management Inc.’s holdings, making the stock its 8th largest holding. M&R Capital Management Inc.’s holdings in Vistra were worth $13,879,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Redwood Wealth Management Group LLC purchased a new position in shares of Vistra during the second quarter valued at approximately $26,000. Mather Group LLC. purchased a new position in shares of Vistra during the first quarter valued at approximately $26,000. EdgeRock Capital LLC purchased a new position in shares of Vistra during the second quarter valued at approximately $34,000. New Covenant Trust Company N.A. purchased a new position in shares of Vistra during the first quarter valued at approximately $32,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in shares of Vistra during the second quarter valued at approximately $47,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Stock Performance

Shares of VST opened at $125.40 on Thursday. The firm has a market cap of $43.57 billion, a PE ratio of 76.93 and a beta of 1.08. The stock’s fifty day moving average price is $85.27 and its two-hundred day moving average price is $83.60. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.98 and a quick ratio of 0.88. Vistra Corp. has a 1 year low of $31.16 and a 1 year high of $127.57.

Vistra (NYSE:VST) last issued 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 firm had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $4.04 billion. Vistra had a net margin of 4.61% and a return on equity of 21.05%. During the same quarter in the previous year, the firm earned $1.03 earnings per share. On average, equities research 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 paid a $0.2195 dividend. The ex-dividend date of this dividend was Friday, September 20th. 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 0.70%. Vistra’s payout ratio is presently 53.37%.

Wall Street Analyst Weigh In

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

Vistra 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.