First American Bank Takes Position in Vistra Corp. (NYSE:VST)

First American Bank purchased a new stake in shares of Vistra Corp. (NYSE:VST) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 15,068 shares of the company’s stock, valued at approximately $1,786,000.

A number of other hedge funds have also recently made changes to their positions in VST. Redwood Wealth Management Group LLC bought a new position in shares of Vistra during the second quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Vistra in the third quarter worth approximately $30,000. New Covenant Trust Company N.A. bought a new stake in Vistra in the first quarter worth approximately $32,000. CVA Family Office LLC increased its holdings in Vistra by 1,505.9% in the third quarter. CVA Family Office LLC now owns 273 shares of the company’s stock worth $32,000 after purchasing an additional 256 shares in the last quarter. Finally, EdgeRock Capital LLC bought a new stake in Vistra in the second quarter worth approximately $34,000. 90.88% of the stock is owned by institutional investors and hedge funds.

Vistra Stock Performance

NYSE:VST opened at $124.03 on Monday. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.88 and a current ratio of 0.98. Vistra Corp. has a 52-week low of $31.92 and a 52-week high of $143.87. The firm has a market cap of $42.61 billion, a price-to-earnings ratio of 91.20 and a beta of 1.10. The business’s fifty day moving average is $104.43 and its 200 day moving average is $91.07.

Vistra (NYSE:VST) last released its quarterly earnings data 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 net margin of 4.61% and a return on equity of 21.05%. The company had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $4.04 billion. During the same quarter in the previous year, the firm posted $1.03 earnings per share. Research analysts predict that Vistra Corp. will post 4.02 EPS for the current year.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 20th were paid a $0.2195 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 yield of 0.71%. The ex-dividend date was Friday, September 20th. Vistra’s dividend payout ratio is currently 64.71%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on VST. BMO Capital Markets reissued an “outperform” rating and issued a $146.00 price objective (up previously from $125.00) on shares of Vistra in a research note on Friday, October 4th. Jefferies Financial Group boosted their price objective on Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Guggenheim boosted their price objective on Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. BNP Paribas started coverage on Vistra in a research report on Monday, October 14th. They issued an “outperform” rating and a $231.00 price objective on the stock. Finally, JPMorgan Chase & Co. assumed coverage on Vistra in a research report on Thursday, October 17th. They issued an “overweight” rating and a $178.00 price objective on the stock. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $145.30.

About Vistra

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.