Gunderson Capital Management Inc. Purchases 7,252 Shares of Vistra Corp. (NYSE:VST)

Gunderson Capital Management Inc. lifted its holdings in Vistra Corp. (NYSE:VST) by 21.9% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,401 shares of the company’s stock after buying an additional 7,252 shares during the period. Vistra makes up approximately 2.0% of Gunderson Capital Management Inc.’s portfolio, making the stock its 18th biggest holding. Gunderson Capital Management Inc.’s holdings in Vistra were worth $4,789,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Strategic Wealth Partners Ltd. raised its position in shares of Vistra by 35.5% in the third quarter. Strategic Wealth Partners Ltd. now owns 8,258 shares of the company’s stock worth $979,000 after buying an additional 2,165 shares in the last quarter. Artemis Investment Management LLP lifted its position in Vistra by 400.9% during the third quarter. Artemis Investment Management LLP now owns 827,000 shares of the company’s stock valued at $98,033,000 after purchasing an additional 661,881 shares during the last quarter. Atomi Financial Group Inc. purchased a new position in Vistra in the 3rd quarter worth approximately $248,000. Chesley Taft & Associates LLC bought a new position in shares of Vistra in the 3rd quarter worth $201,000. Finally, Callan Family Office LLC purchased a new stake in shares of Vistra during the 3rd quarter valued at $1,267,000. 90.88% of the stock is owned by institutional investors.

Vistra Trading Down 5.6 %

VST traded down $7.16 during trading on Wednesday, hitting $120.80. 4,726,964 shares of the stock traded hands, compared to its average volume of 6,916,877. The firm has a market capitalization of $41.50 billion, a P/E ratio of 74.11 and a beta of 1.10. Vistra Corp. has a 12-month low of $31.40 and a 12-month high of $143.87. The firm has a 50-day moving average of $91.29 and a 200 day moving average of $85.89. 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 (NYSE:VST) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.69). The firm had revenue of $3.85 billion for 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 period last year, the business earned $1.03 EPS. Equities research analysts anticipate that Vistra Corp. will post 4.7 EPS for the current year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 20th were issued a dividend of $0.2195 per share. This represents a $0.88 annualized dividend and a yield of 0.73%. 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. Vistra’s payout ratio is currently 53.99%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Jefferies Financial Group lifted their price target on Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Guggenheim boosted their target price on Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday. Royal Bank of Canada increased their price target on shares of Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Morgan Stanley boosted their price objective on shares of Vistra from $110.00 to $132.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $146.00 price objective (up previously from $125.00) on shares of Vistra in a research note on Friday, October 4th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $125.50.

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.