1,856 Shares in Vistra Corp. (NYSE:VST) Acquired by Advisor Resource Council

Advisor Resource Council acquired a new stake in Vistra Corp. (NYSE:VST) during the third quarter, according to its most recent filing with the SEC. The firm acquired 1,856 shares of the company’s stock, valued at approximately $220,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in VST. Thurston Springer Miller Herd & Titak Inc. bought a new position in Vistra in the third quarter valued at about $30,000. CVA Family Office LLC boosted its stake in shares of Vistra by 1,505.9% in the 3rd quarter. CVA Family Office LLC now owns 273 shares of the company’s stock valued at $32,000 after purchasing an additional 256 shares during the last quarter. Redwood Wealth Management Group LLC acquired a new stake in shares of Vistra during the 2nd quarter worth approximately $26,000. ORG Wealth Partners LLC bought a new stake in shares of Vistra during the third quarter worth approximately $40,000. Finally, Fortitude Family Office LLC lifted its holdings in Vistra by 125.0% in the third quarter. Fortitude Family Office LLC now owns 360 shares of the company’s stock valued at $43,000 after buying an additional 200 shares during the period. 90.88% of the stock is owned by institutional investors and hedge funds.

Vistra Stock Up 7.6 %

Shares of VST stock opened at $135.73 on Friday. Vistra Corp. has a 12-month low of $34.24 and a 12-month high of $143.87. The company has a quick ratio of 0.88, a current ratio of 0.98 and a debt-to-equity ratio of 2.89. The firm has a fifty day moving average of $111.92 and a 200-day moving average of $94.28. The company has a market capitalization of $46.63 billion, a price-to-earnings ratio of 99.80 and a beta of 1.09.

Vistra (NYSE:VST) last released its earnings results on Thursday, August 8th. The company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 return on equity of 21.05% and a net margin of 4.61%. During the same quarter last year, the company posted $1.03 EPS. As a group, equities research analysts predict that Vistra Corp. will post 4.02 earnings per share for the current fiscal year.

Vistra declared that its Board of Directors has authorized a stock repurchase program on Thursday, November 7th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to purchase up to 2.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its shares are undervalued.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be given a $0.221 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date is Friday, December 20th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is currently 64.71%.

Analyst Upgrades and Downgrades

A number of analysts have commented on VST shares. JPMorgan Chase & Co. started coverage on shares of Vistra in a report on Thursday, October 17th. They set an “overweight” rating and a $178.00 target price for the company. Royal Bank of Canada upped their price objective on Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. BMO Capital Markets boosted their target price on Vistra from $146.00 to $147.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. Jefferies Financial Group increased their price target on shares of Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. Finally, Guggenheim boosted their price objective on shares of Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat, Vistra presently has a consensus 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.