Vaughan Nelson Investment Management L.P. Has $54.08 Million Stock Holdings in Vistra Corp. (NYSE:VST)

Vaughan Nelson Investment Management L.P. raised its position in shares of Vistra Corp. (NYSE:VST) by 194.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 456,207 shares of the company’s stock after purchasing an additional 301,474 shares during the period. Vaughan Nelson Investment Management L.P. owned approximately 0.13% of Vistra worth $54,078,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in VST. KPP Advisory Services LLC acquired a new position in shares of Vistra during the 3rd quarter worth $270,000. Natixis Advisors LLC grew its position in Vistra by 57.2% in the third quarter. Natixis Advisors LLC now owns 102,853 shares of the company’s stock valued at $12,192,000 after acquiring an additional 37,413 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Vistra during the third quarter worth about $1,206,000. Kentucky Retirement Systems bought a new position in shares of Vistra in the third quarter worth about $2,837,000. Finally, Seelaus Asset Management LLC acquired a new stake in shares of Vistra in the 3rd quarter valued at approximately $353,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Vistra Stock Performance

NYSE:VST opened at $142.15 on Friday. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.88 and a current ratio of 1.11. Vistra Corp. has a fifty-two week low of $34.25 and a fifty-two week high of $149.80. The company has a 50 day simple moving average of $119.52 and a two-hundred day simple moving average of $97.38. The company has a market capitalization of $48.36 billion, a PE ratio of 26.52 and a beta of 1.09.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be paid a $0.221 dividend. This is a positive change from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend is Friday, December 20th. Vistra’s dividend payout ratio is currently 16.42%.

Vistra declared that its board has initiated a stock repurchase plan on Thursday, November 7th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 2.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on VST shares. Morgan Stanley upped their price objective on shares of Vistra from $110.00 to $132.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. BNP Paribas began coverage on Vistra in a research report on Monday, October 14th. They set an “outperform” rating and a $231.00 price objective on the stock. UBS Group dropped their target price on Vistra from $157.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. initiated coverage on shares of Vistra in a report on Thursday, October 17th. They issued an “overweight” rating and a $178.00 price objective for the company. Finally, Guggenheim boosted their target price on shares of Vistra from $133.00 to $177.00 and gave the stock 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 company has an average rating of “Buy” and a consensus target price 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.