2,020 Shares in Vistra Corp. (NYSE:VST) Bought by Bridges Investment Management Inc.

Bridges Investment Management Inc. purchased a new stake in shares of Vistra Corp. (NYSE:VST) during the 3rd quarter, HoldingsChannel reports. The firm purchased 2,020 shares of the company’s stock, valued at approximately $239,000.

A number of other hedge funds have also modified their holdings of the company. Forum Financial Management LP boosted its position in Vistra by 0.7% in the third quarter. Forum Financial Management LP now owns 11,527 shares of the company’s stock valued at $1,366,000 after buying an additional 80 shares during the last quarter. Umpqua Bank lifted its stake in Vistra by 2.2% during the 3rd quarter. Umpqua Bank now owns 3,780 shares of the company’s stock valued at $448,000 after acquiring an additional 81 shares during the period. Interchange Capital Partners LLC boosted its holdings in shares of Vistra by 4.2% in the 3rd quarter. Interchange Capital Partners LLC now owns 2,710 shares of the company’s stock valued at $321,000 after acquiring an additional 109 shares during the last quarter. Simplicity Wealth LLC increased its stake in shares of Vistra by 3.0% in the second quarter. Simplicity Wealth LLC now owns 3,883 shares of the company’s stock worth $334,000 after acquiring an additional 112 shares during the period. Finally, New Century Financial Group LLC raised its holdings in shares of Vistra by 4.4% during the third quarter. New Century Financial Group LLC now owns 2,666 shares of the company’s stock worth $316,000 after purchasing an additional 112 shares during the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

Vistra Trading Up 4.5 %

VST opened at $141.90 on Friday. The stock has a market capitalization of $48.75 billion, a PE ratio of 26.47 and a beta of 1.09. Vistra Corp. has a one year low of $34.24 and a one year high of $144.77. 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 business’s 50 day moving average price is $113.05 and its 200 day moving average price is $94.99.

Vistra (NYSE:VST) last announced 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 business had revenue of $3.85 billion during the quarter, compared to analyst estimates of $4.04 billion. Vistra had a net margin of 4.61% and a return on equity of 21.05%. During the same period last year, the company earned $1.03 EPS. As a group, equities research analysts expect that Vistra Corp. will post 4.02 EPS for the current year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders 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 yield of 0.62%. The ex-dividend date is Friday, December 20th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is 16.42%.

Vistra declared that its Board of Directors has approved a stock repurchase program on Thursday, November 7th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 2.1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

VST has been the topic of several recent research reports. UBS Group lowered their price target on shares of Vistra from $157.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, October 22nd. Guggenheim raised their target price on Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. BNP Paribas assumed coverage on Vistra in a research report on Monday, October 14th. They set an “outperform” rating and a $231.00 price target for the company. Morgan Stanley upped their price objective on Vistra from $110.00 to $132.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. Finally, Jefferies Financial Group raised their price objective on shares of Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Vistra has a consensus rating of “Buy” and a consensus target price 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.