Vistra Corp. (NYSE:VST) Shares Bought by Interchange Capital Partners LLC

Interchange Capital Partners LLC boosted its position in shares of Vistra Corp. (NYSE:VST) by 4.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,710 shares of the company’s stock after buying an additional 109 shares during the quarter. Interchange Capital Partners LLC’s holdings in Vistra were worth $321,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VST. State of Alaska Department of Revenue grew its position in Vistra by 0.5% during the first quarter. State of Alaska Department of Revenue now owns 36,465 shares of the company’s stock valued at $2,539,000 after buying an additional 170 shares during the period. J.W. Cole Advisors Inc. grew its position in shares of Vistra by 14.8% in the first quarter. J.W. Cole Advisors Inc. now owns 7,586 shares of the company’s stock valued at $531,000 after purchasing an additional 977 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in shares of Vistra in the first quarter valued at about $209,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Vistra by 12.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 182,814 shares of the company’s stock valued at $12,733,000 after purchasing an additional 20,790 shares during the period. Finally, BNP Paribas Financial Markets grew its position in shares of Vistra by 186.6% in the first quarter. BNP Paribas Financial Markets now owns 327,434 shares of the company’s stock valued at $22,806,000 after purchasing an additional 213,202 shares during the period. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Stock Down 4.4 %

Shares of Vistra stock opened at $119.51 on Friday. The company has a market cap of $41.06 billion, a P/E ratio of 87.88 and a beta of 1.09. 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 one year low of $33.84 and a one year high of $143.87. The firm has a fifty day moving average of $107.98 and a two-hundred day moving average of $92.32.

Vistra (NYSE:VST) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.69). Vistra had a return on equity of 21.05% and a net margin of 4.61%. The company had revenue of $3.85 billion for the quarter, compared to analyst estimates of $4.04 billion. During the same period last year, the company earned $1.03 earnings per share. On average, analysts forecast that Vistra Corp. will post 4.02 earnings per share for the current year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be paid a dividend of $0.221 per share. The ex-dividend date of this dividend is Friday, December 20th. This is a boost from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.74%. Vistra’s dividend payout ratio is 64.71%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. UBS Group dropped their target price on shares of Vistra from $157.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. assumed coverage on shares of Vistra in a research report on Thursday, October 17th. They issued an “overweight” rating and a $178.00 target price on the stock. Morgan Stanley lifted their target price on shares of Vistra from $110.00 to $132.00 and gave the company an “overweight” rating in a research report on Monday, September 23rd. Royal Bank of Canada lifted their target price on shares of Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Finally, Guggenheim lifted their target price on shares of Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $145.40.

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.