Silvant Capital Management LLC Acquires Shares of 47,730 Vistra Corp. (NYSE:VST)

Silvant Capital Management LLC bought a new position in shares of Vistra Corp. (NYSE:VST) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 47,730 shares of the company’s stock, valued at approximately $5,658,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Vistra in the 3rd quarter valued at $30,000. CVA Family Office LLC increased its stake in Vistra by 1,505.9% in the third quarter. CVA Family Office LLC now owns 273 shares of the company’s stock valued at $32,000 after purchasing an additional 256 shares during the period. Redwood Wealth Management Group LLC purchased a new stake in shares of Vistra in the second quarter valued at about $26,000. ORG Wealth Partners LLC acquired a new stake in shares of Vistra during the third quarter worth about $40,000. Finally, Fortitude Family Office LLC grew its holdings in shares of Vistra by 125.0% during the third quarter. Fortitude Family Office LLC now owns 360 shares of the company’s stock worth $43,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Wall Street Analyst Weigh In

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

Vistra Stock Down 4.4 %

VST stock opened at $119.51 on Friday. The company has a 50 day moving average price of $107.98 and a two-hundred day moving average price of $92.32. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.88 and a current ratio of 0.98. The stock has a market capitalization of $41.06 billion, a P/E ratio of 87.88 and a beta of 1.09. Vistra Corp. has a one year low of $33.84 and a one year high of $143.87.

Vistra (NYSE:VST) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.69). The company had revenue of $3.85 billion for the quarter, compared to analyst estimates of $4.04 billion. Vistra had a return on equity of 21.05% and a net margin of 4.61%. During the same period last year, the company posted $1.03 EPS. As a group, sell-side analysts expect that Vistra Corp. will post 4.02 EPS for the current year.

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. This is a positive change from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Friday, December 20th. Vistra’s dividend payout ratio (DPR) is 64.71%.

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.