Vistra Corp. (NYSE:VST) Stake Increased by Signaturefd LLC

Signaturefd LLC boosted its holdings in Vistra Corp. (NYSE:VST) by 12.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,604 shares of the company’s stock after purchasing an additional 292 shares during the quarter. Signaturefd LLC’s holdings in Vistra were worth $309,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Terra Nova Asset Management LLC acquired a new stake in Vistra in the 3rd quarter valued at about $842,000. Czech National Bank grew its holdings in Vistra by 12.4% during the third quarter. Czech National Bank now owns 69,987 shares of the company’s stock valued at $8,296,000 after purchasing an additional 7,747 shares during the last quarter. Viking Fund Management LLC acquired a new stake in shares of Vistra in the third quarter worth $1,185,000. Atria Investments Inc bought a new position in Vistra in the first quarter worth $1,675,000. Finally, M&R Capital Management Inc. lifted its position in Vistra by 38,929.0% in the third quarter. M&R Capital Management Inc. now owns 117,087 shares of the company’s stock worth $13,879,000 after purchasing an additional 116,787 shares during the period. Institutional investors own 90.88% of the company’s stock.

Vistra Trading Down 1.2 %

VST opened at $124.03 on Friday. The business has a 50 day simple moving average of $104.43 and a two-hundred day simple moving average of $90.93. The firm has a market capitalization of $43.10 billion, a price-to-earnings ratio of 76.09 and a beta of 1.10. 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 one year low of $31.92 and a one year high of $143.87.

Vistra (NYSE:VST) last issued its earnings results on Thursday, August 8th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.69). Vistra had a net margin of 4.61% and a return on equity of 21.05%. The business had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $4.04 billion. During the same quarter in the prior year, the business posted $1.03 earnings per share. Analysts predict that Vistra Corp. will post 4.73 EPS for the current year.

Vistra Increases Dividend

The firm 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. The ex-dividend date was Friday, September 20th. This is a boost from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a yield of 0.71%. Vistra’s dividend payout ratio (DPR) is currently 53.37%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on VST. JPMorgan Chase & Co. initiated coverage on Vistra in a research note on Thursday, October 17th. They issued an “overweight” rating and a $178.00 target price for the company. Guggenheim boosted 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 boosted their target price on Vistra from $110.00 to $132.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. UBS Group dropped their price objective on Vistra from $157.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, October 22nd. Finally, Royal Bank of Canada boosted their target price on Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Vistra has a consensus rating of “Buy” and a consensus target price of $145.30.

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.