First American Bank purchased a new stake in shares of Vistra Corp. (NYSE:VST – Free Report) 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 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.
Read Our Latest Research Report on VST
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.
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