Pittenger & Anderson Inc. Invests $119,000 in Vistra Corp. (NYSE:VST)

Pittenger & Anderson Inc. purchased a new position in shares of Vistra Corp. (NYSE:VST) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,000 shares of the company’s stock, valued at approximately $119,000.

Several other large investors also recently made changes to their positions in VST. Castle Hook Partners LP boosted 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 acquiring an additional 3,108,511 shares in the last quarter. TD Asset Management Inc boosted its stake in Vistra by 9,668.5% during the 1st quarter. TD Asset Management Inc now owns 2,940,113 shares of the company’s stock valued at $204,779,000 after purchasing an additional 2,910,015 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Vistra by 115.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,532,657 shares of the company’s stock valued at $217,758,000 after purchasing an additional 1,356,488 shares during the period. Thrivent Financial for Lutherans boosted its stake in Vistra by 1,358.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,228,144 shares of the company’s stock valued at $105,596,000 after purchasing an additional 1,143,918 shares during the period. Finally, Marshall Wace LLP boosted its stake in Vistra by 315.9% during the 2nd quarter. Marshall Wace LLP now owns 1,175,811 shares of the company’s stock valued at $101,096,000 after purchasing an additional 893,093 shares during the period. Institutional investors own 90.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Royal Bank of Canada increased their target price on Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Jefferies Financial Group increased their target price on Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. JPMorgan Chase & Co. assumed coverage on Vistra in a research note on Thursday, October 17th. They set an “overweight” rating and a $178.00 target price for the company. BNP Paribas began coverage on Vistra in a research note on Monday, October 14th. They set an “outperform” rating and a $231.00 target price for the company. Finally, Morgan Stanley upped their price target on Vistra from $110.00 to $132.00 and gave the company an “overweight” rating in a report on Monday, September 23rd. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Vistra currently has a consensus rating of “Buy” and an average price target of $145.40.

Vistra Trading Up 5.3 %

Shares of VST opened at $121.87 on Wednesday. Vistra Corp. has a 1 year low of $33.84 and a 1 year high of $143.87. The company has a current ratio of 0.98, a quick ratio of 0.88 and a debt-to-equity ratio of 2.89. The stock has a 50 day simple moving average of $110.02 and a 200-day simple moving average of $93.77. The stock has a market cap of $41.87 billion, a PE ratio of 89.61 and a beta of 1.09.

Vistra (NYSE:VST) last issued 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). Vistra had a return on equity of 21.05% and a net margin of 4.61%. The company had revenue of $3.85 billion during the quarter, compared to analyst estimates of $4.04 billion. During the same period in the previous year, the company posted $1.03 earnings per share. On average, sell-side analysts predict that Vistra Corp. will post 4.02 EPS for the current fiscal year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be issued a dividend of $0.221 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.73%. This is a boost from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, December 20th. Vistra’s dividend payout ratio (DPR) is currently 64.71%.

Vistra 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.