Strategy Asset Managers LLC Invests $923,000 in Vistra Corp. (NYSE:VST)

Strategy Asset Managers LLC acquired a new position in shares of Vistra Corp. (NYSE:VST) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 7,787 shares of the company’s stock, valued at approximately $923,000.

Several other institutional investors also recently modified their holdings of VST. Kingsview Wealth Management LLC acquired a new stake in shares of Vistra during the 1st quarter worth approximately $225,000. O Shaughnessy Asset Management LLC grew its holdings in shares of Vistra by 11.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 28,207 shares of the company’s stock worth $1,965,000 after purchasing an additional 2,794 shares in the last quarter. UniSuper Management Pty Ltd grew its holdings in shares of Vistra by 84.6% during the 1st quarter. UniSuper Management Pty Ltd now owns 4,800 shares of the company’s stock worth $334,000 after purchasing an additional 2,200 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in shares of Vistra by 1.5% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 227,215 shares of the company’s stock worth $15,827,000 after purchasing an additional 3,458 shares in the last quarter. Finally, Shell Asset Management Co. acquired a new stake in Vistra in the 1st quarter valued at $576,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Stock Up 5.6 %

NYSE:VST opened at $154.85 on Wednesday. The company has a market cap of $52.68 billion, a price-to-earnings ratio of 28.89 and a beta of 1.09. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. The stock’s fifty day moving average price is $122.52 and its two-hundred day moving average price is $98.51. Vistra Corp. has a 52-week low of $34.25 and a 52-week high of $154.95.

Vistra Increases Dividend

The company 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. This represents a $0.88 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend is Friday, December 20th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio is 16.42%.

Vistra announced that its board has authorized a share buyback program on Thursday, November 7th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to purchase up to 2.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

VST has been the subject of several recent analyst reports. UBS Group dropped their price objective on Vistra from $157.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, October 22nd. Royal Bank of Canada boosted their price target 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. Morgan Stanley raised their price objective on shares of Vistra from $110.00 to $132.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. Jefferies Financial Group boosted their target price on Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Finally, BNP Paribas assumed coverage on Vistra in a report on Monday, October 14th. They set an “outperform” rating and a $231.00 price target for the company. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat, Vistra currently has an average rating of “Buy” and a consensus price target of $145.40.

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.