BOCHK Asset Management Ltd Has $20.79 Million Stake in Vistra Corp. (NYSE:VST)

BOCHK Asset Management Ltd lessened its holdings in Vistra Corp. (NYSE:VST) by 4.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 175,400 shares of the company’s stock after selling 7,400 shares during the quarter. Vistra accounts for approximately 6.2% of BOCHK Asset Management Ltd’s investment portfolio, making the stock its 4th biggest position. BOCHK Asset Management Ltd’s holdings in Vistra were worth $20,792,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of VST. Mather Group LLC. acquired a new position in Vistra in the 1st quarter worth about $26,000. Redwood Wealth Management Group LLC acquired a new stake in Vistra during the 2nd quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Vistra in the 3rd quarter worth about $30,000. New Covenant Trust Company N.A. bought a new position in shares of Vistra in the 1st quarter worth about $32,000. Finally, CVA Family Office LLC lifted its stake in shares of Vistra by 1,505.9% in the 3rd 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. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Stock Down 1.3 %

VST stock traded down $1.67 during mid-day trading on Thursday, reaching $124.44. 1,949,311 shares of the company traded hands, compared to its average volume of 6,949,769. The company has a quick ratio of 0.88, a current ratio of 0.98 and a debt-to-equity ratio of 2.89. The firm’s 50 day moving average price is $102.66 and its 200 day moving average price is $90.19. The stock has a market cap of $42.75 billion, a price-to-earnings ratio of 91.66 and a beta of 1.10. Vistra Corp. has a fifty-two week low of $31.92 and a fifty-two week high of $143.87.

Vistra (NYSE:VST) last announced its earnings results on Thursday, August 8th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.69). Vistra had a net margin of 4.61% and a return on equity of 21.05%. The company had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $4.04 billion. During the same period in the previous year, the firm earned $1.03 EPS. As a group, equities research analysts predict that Vistra Corp. will post 4.73 EPS for the current fiscal year.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 20th were given a dividend of $0.2195 per share. This is a positive change from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend was Friday, September 20th. Vistra’s dividend payout ratio (DPR) is presently 64.71%.

Wall Street Analyst Weigh In

VST has been the subject of several recent analyst reports. BMO Capital Markets reaffirmed an “outperform” rating and set a $146.00 target price (up previously from $125.00) on shares of Vistra in a research note on Friday, October 4th. Morgan Stanley boosted 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. BNP Paribas assumed coverage on shares of Vistra in a report on Monday, October 14th. They issued an “outperform” rating and a $231.00 price target for the company. Royal Bank of Canada upped their price objective on shares of Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Finally, UBS Group reduced their target price on Vistra from $157.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $145.30.

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.