Integrated Investment Consultants LLC Reduces Stake in Vistra Corp. (NYSE:VST)

Integrated Investment Consultants LLC lessened its stake in shares of Vistra Corp. (NYSE:VST) by 22.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,800 shares of the company’s stock after selling 3,800 shares during the period. Integrated Investment Consultants LLC’s holdings in Vistra were worth $1,517,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of VST. Intech Investment Management LLC grew its position in Vistra by 37.7% in the third quarter. Intech Investment Management LLC now owns 284,639 shares of the company’s stock worth $33,741,000 after acquiring an additional 77,991 shares during the period. Citizens Financial Group Inc. RI acquired a new position in shares of Vistra in the 3rd quarter valued at $1,143,000. Moors & Cabot Inc. purchased a new position in shares of Vistra during the 3rd quarter worth $237,000. Portfolio Design Labs LLC acquired a new stake in shares of Vistra during the 3rd quarter worth about $1,799,000. Finally, Advisors Asset Management Inc. raised its holdings in Vistra by 61.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 21,135 shares of the company’s stock valued at $2,505,000 after buying an additional 8,013 shares during the period. Institutional investors and hedge funds own 90.88% of the company’s stock.

Wall Street Analyst Weigh In

VST has been the subject of a number of research analyst reports. UBS Group lowered their target price on Vistra from $157.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, October 22nd. BNP Paribas initiated coverage on shares of Vistra in a research note on Monday, October 14th. They issued an “outperform” rating and a $231.00 price objective for the company. JPMorgan Chase & Co. initiated coverage on shares of Vistra in a research note on Thursday, October 17th. They set an “overweight” rating and a $178.00 target price on the stock. BMO Capital Markets increased their price objective on Vistra from $146.00 to $147.00 and gave the company an “outperform” rating in a research note on Tuesday, October 29th. Finally, Royal Bank of Canada boosted their target price on Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Vistra has an average rating of “Buy” and an average target price of $145.40.

Vistra Trading Down 0.2 %

NYSE VST opened at $154.61 on Thursday. The firm’s fifty day moving average price is $124.02 and its 200 day moving average price is $98.90. Vistra Corp. has a 12 month low of $34.25 and a 12 month high of $157.72. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. The company has a market capitalization of $52.60 billion, a price-to-earnings ratio of 28.85, a price-to-earnings-growth ratio of 1.99 and a beta of 1.09.

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. The ex-dividend date is Friday, December 20th. This is a boost from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.57%. Vistra’s dividend payout ratio is 16.42%.

Vistra announced that its Board of Directors has authorized a share buyback plan on Thursday, November 7th that permits the company to repurchase $1.00 billion in 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 management believes its shares are undervalued.

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.