Vistra Corp. (NYSE:VST) Position Trimmed by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. trimmed its stake in Vistra Corp. (NYSE:VST) by 27.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,141,025 shares of the company’s stock after selling 825,012 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.62% of Vistra worth $253,797,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in VST. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Vistra in the 3rd quarter valued at approximately $30,000. CVA Family Office LLC grew its holdings 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 acquiring an additional 256 shares in the last quarter. Redwood Wealth Management Group LLC acquired a new position in shares of Vistra in the second quarter worth $26,000. ORG Wealth Partners LLC purchased a new stake in shares of Vistra during the third quarter worth $40,000. Finally, Fortitude Family Office LLC boosted its position in Vistra by 125.0% during the third quarter. Fortitude Family Office LLC now owns 360 shares of the company’s stock valued at $43,000 after purchasing an additional 200 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Vistra Trading Down 2.8 %

NYSE:VST opened at $161.93 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. The company’s 50 day moving average is $125.72 and its 200-day moving average is $99.36. The firm has a market cap of $55.09 billion, a price-to-earnings ratio of 30.21, a P/E/G ratio of 2.14 and a beta of 1.09. Vistra Corp. has a 12 month low of $34.61 and a 12 month high of $168.67.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be given a dividend of $0.221 per share. This is a positive change from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.88 dividend on an annualized basis and a yield of 0.55%. Vistra’s payout ratio is currently 16.42%.

Vistra announced that its Board of Directors has initiated a stock buyback plan on Thursday, November 7th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to purchase up to 2.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

VST has been the topic of several research reports. BNP Paribas initiated coverage on Vistra in a research report on Monday, October 14th. They issued an “outperform” rating and a $231.00 target price on the stock. Morgan Stanley increased their price objective on Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a report on Friday. JPMorgan Chase & Co. began coverage on shares of Vistra in a research report on Thursday, October 17th. They set an “overweight” rating and a $178.00 price objective on the stock. Guggenheim boosted their target price on shares of Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Finally, Jefferies Financial Group raised their price target on shares of Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Ten research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $149.10.

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.