Vistra Corp. (NYSE:VST) Shares Bought by Burford Brothers Inc.

Burford Brothers Inc. raised its holdings in Vistra Corp. (NYSE:VST) by 5.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,127 shares of the company’s stock after acquiring an additional 1,163 shares during the quarter. Vistra accounts for about 1.4% of Burford Brothers Inc.’s holdings, making the stock its 16th biggest position. Burford Brothers Inc.’s holdings in Vistra were worth $2,623,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of VST. Castle Hook Partners LP raised its stake in shares of Vistra by 470.0% during the 1st quarter. Castle Hook Partners LP now owns 3,769,842 shares of the company’s stock worth $262,569,000 after buying an additional 3,108,511 shares during the last quarter. TD Asset Management Inc raised its stake in shares of Vistra by 9,668.5% during the 1st quarter. TD Asset Management Inc now owns 2,940,113 shares of the company’s stock worth $204,779,000 after buying an additional 2,910,015 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Vistra by 115.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,532,657 shares of the company’s stock worth $217,758,000 after buying an additional 1,356,488 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Vistra by 1,358.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,228,144 shares of the company’s stock worth $105,596,000 after buying an additional 1,143,918 shares during the last quarter. Finally, Marshall Wace LLP raised its stake in shares of Vistra by 315.9% during the 2nd quarter. Marshall Wace LLP now owns 1,175,811 shares of the company’s stock worth $101,096,000 after buying an additional 893,093 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on VST shares. Royal Bank of Canada lifted their price target on Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. BMO Capital Markets reiterated an “outperform” rating and set a $146.00 price objective (up previously from $125.00) on shares of Vistra in a research report on Friday, October 4th. Morgan Stanley lifted their price objective on Vistra from $110.00 to $132.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. UBS Group dropped their price objective on Vistra from $157.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Guggenheim lifted their price target on Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $145.30.

Vistra Stock Performance

NYSE VST opened at $124.06 on Friday. The firm has a market capitalization of $43.11 billion, a P/E ratio of 76.11 and a beta of 1.10. Vistra Corp. has a 1-year low of $31.92 and a 1-year high of $143.87. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.98 and a quick ratio of 0.88. The business’s 50-day simple moving average is $104.43 and its 200-day simple moving average is $90.78.

Vistra (NYSE:VST) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $4.04 billion. Vistra had a net margin of 4.61% and a return on equity of 21.05%. During the same period in the prior year, the firm earned $1.03 earnings per share. Equities analysts predict that Vistra Corp. will post 4.73 EPS for the current year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 20th were paid a $0.2195 dividend. 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 0.71%. The ex-dividend date of this dividend was Friday, September 20th. Vistra’s 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.