KPP Advisory Services LLC Acquires New Position in Vistra Corp. (NYSE:VST)

KPP Advisory Services LLC acquired a new stake in shares of Vistra Corp. (NYSE:VST) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,280 shares of the company’s stock, valued at approximately $270,000.

A number of other large investors also recently bought and sold shares of VST. Redwood Wealth Management Group LLC bought a new position in Vistra during the second quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Vistra in the 3rd quarter valued at about $30,000. New Covenant Trust Company N.A. bought a new stake in shares of Vistra during the 1st quarter valued at about $32,000. CVA Family Office LLC grew its position in shares of Vistra by 1,505.9% during the 3rd quarter. CVA Family Office LLC now owns 273 shares of the company’s stock valued at $32,000 after buying an additional 256 shares during the last quarter. Finally, EdgeRock Capital LLC acquired a new stake in Vistra during the second quarter worth about $34,000. Institutional investors own 90.88% of the company’s stock.

Vistra Price Performance

NYSE:VST opened at $142.15 on Friday. Vistra Corp. has a 52-week low of $34.25 and a 52-week high of $149.80. The company has a quick ratio of 0.88, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. The business’s 50-day moving average price is $119.52 and its 200 day moving average price is $97.38. The firm has a market cap of $48.36 billion, a P/E ratio of 26.52 and a beta of 1.09.

Vistra announced that its board has initiated a stock buyback program on Thursday, November 7th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 2.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be given a dividend of $0.221 per share. The ex-dividend date of this dividend is Friday, December 20th. 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%. Vistra’s payout ratio is 16.42%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on VST. Royal Bank of Canada increased their price target on Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. UBS Group dropped their target price on Vistra from $157.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, October 22nd. Morgan Stanley upped their target price 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 initiated coverage on Vistra in a report on Monday, October 14th. They set an “outperform” rating and a $231.00 price target on the stock. Finally, BMO Capital Markets raised their price target on Vistra from $146.00 to $147.00 and gave the company an “outperform” rating in a report on Tuesday, October 29th. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $145.40.

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.