Thrivent Financial for Lutherans Has $208.12 Million Stock Holdings in Vistra Corp. (NYSE:VST)

Thrivent Financial for Lutherans boosted its position in shares of Vistra Corp. (NYSE:VST) by 43.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,755,723 shares of the company’s stock after purchasing an additional 527,579 shares during the period. Thrivent Financial for Lutherans owned 0.51% of Vistra worth $208,122,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Castle Hook Partners LP lifted its holdings 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 valued at $262,569,000 after buying an additional 3,108,511 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Vistra by 115.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,532,657 shares of the company’s stock valued at $217,758,000 after acquiring an additional 1,356,488 shares during the last quarter. Marshall Wace LLP grew its position in Vistra by 315.9% in the second quarter. Marshall Wace LLP now owns 1,175,811 shares of the company’s stock worth $101,096,000 after acquiring an additional 893,093 shares in the last quarter. Maple Rock Capital Partners Inc. increased its stake in shares of Vistra by 100.5% during the 1st quarter. Maple Rock Capital Partners Inc. now owns 1,720,000 shares of the company’s stock worth $119,798,000 after purchasing an additional 862,000 shares during the last quarter. Finally, Point72 Asset Management L.P. raised its holdings in shares of Vistra by 121.1% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,536,192 shares of the company’s stock valued at $132,082,000 after purchasing an additional 841,292 shares in the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. BNP Paribas initiated coverage on shares of Vistra in a research report on Monday, October 14th. They set an “outperform” rating and a $231.00 target price on the stock. Jefferies Financial Group increased their price objective on Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Guggenheim raised their price objective on Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. UBS Group decreased their target price on Vistra from $157.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. initiated coverage on shares of Vistra in a research report on Thursday, October 17th. They issued an “overweight” rating and a $178.00 price target on the stock. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $145.40.

Vistra Stock Up 2.7 %

Shares of VST stock opened at $142.15 on Friday. Vistra Corp. has a 12 month low of $34.25 and a 12 month 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 firm has a market cap of $48.36 billion, a PE ratio of 26.52 and a beta of 1.09. The stock has a 50 day moving average of $119.52 and a 200-day moving average of $97.38.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be issued a $0.221 dividend. The ex-dividend date is Friday, December 20th. This is an increase from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a yield of 0.62%. Vistra’s dividend payout ratio is 16.42%.

Vistra declared that its Board of Directors has approved a share buyback plan on Thursday, November 7th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to reacquire up to 2.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.

Vistra Company 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.