OneDigital Investment Advisors LLC Buys 81 Shares of Vistra Corp. (NYSE:VST)

OneDigital Investment Advisors LLC grew its stake in shares of Vistra Corp. (NYSE:VST) by 3.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,809 shares of the company’s stock after buying an additional 81 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Vistra were worth $333,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Empire Life Investments Inc. bought a new position in shares of Vistra during the third quarter valued at about $23,028,000. Terra Nova Asset Management LLC purchased a new stake in Vistra during the 3rd quarter valued at about $842,000. Czech National Bank grew its position in Vistra by 12.4% during the 3rd quarter. Czech National Bank now owns 69,987 shares of the company’s stock worth $8,296,000 after acquiring an additional 7,747 shares during the last quarter. Viking Fund Management LLC bought a new stake in Vistra in the third quarter valued at approximately $1,185,000. Finally, Atria Investments Inc purchased a new stake in shares of Vistra during the first quarter valued at approximately $1,675,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Vistra Stock Performance

Shares of NYSE VST opened at $165.53 on Friday. The company has a 50 day simple moving average of $125.72 and a two-hundred day simple moving average of $99.36. The stock has a market cap of $56.32 billion, a price-to-earnings ratio of 30.88, a PEG ratio of 1.99 and a beta of 1.09. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. Vistra Corp. has a 12 month low of $34.25 and a 12 month high of $167.60.

Vistra announced that its Board of Directors has approved a stock repurchase plan on Thursday, November 7th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 2.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Vistra Increases Dividend

The company 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 represents a $0.88 annualized dividend and a dividend yield of 0.53%. This is a positive change from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date is Friday, December 20th. Vistra’s payout ratio is 16.42%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on VST shares. Royal Bank of Canada increased their price objective on Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Guggenheim raised their target price on Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Morgan Stanley upped their price target on Vistra from $110.00 to $132.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. JPMorgan Chase & Co. began coverage on Vistra in a research report on Thursday, October 17th. They set an “overweight” rating and a $178.00 price objective for the company. Finally, Jefferies Financial Group upped their target price on shares of Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Vistra presently has an average rating of “Buy” and a consensus price target of $145.40.

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.