Spirit of America Management Corp NY Buys 3,650 Shares of Vistra Corp. (NYSE:VST)

Spirit of America Management Corp NY raised its stake in shares of Vistra Corp. (NYSE:VST) by 36.0% in the third quarter, Holdings Channel reports. The fund owned 13,800 shares of the company’s stock after acquiring an additional 3,650 shares during the period. Spirit of America Management Corp NY’s holdings in Vistra were worth $1,636,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Lone Pine Capital LLC increased its holdings in shares of Vistra by 6.6% during the second quarter. Lone Pine Capital LLC now owns 6,838,007 shares of the company’s stock worth $587,932,000 after buying an additional 425,126 shares in the last quarter. Castle Hook Partners LP grew its position in Vistra by 470.0% during the 1st quarter. Castle Hook Partners LP now owns 3,769,842 shares of the company’s stock worth $262,569,000 after acquiring an additional 3,108,511 shares during the last quarter. TD Asset Management Inc increased its holdings in Vistra by 9,668.5% during the 1st quarter. TD Asset Management Inc now owns 2,940,113 shares of the company’s stock valued at $204,779,000 after purchasing an additional 2,910,015 shares in the last quarter. GQG Partners LLC raised its position in Vistra by 25.1% in the 1st quarter. GQG Partners LLC now owns 2,564,705 shares of the company’s stock valued at $178,632,000 after purchasing an additional 514,722 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in Vistra by 115.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,532,657 shares of the company’s stock worth $217,758,000 after purchasing an additional 1,356,488 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Analyst Upgrades and Downgrades

VST has been the subject of a number of research analyst reports. JPMorgan Chase & Co. began coverage on Vistra in a report on Thursday, October 17th. They issued an “overweight” rating and a $178.00 price target for the company. Morgan Stanley raised their price objective 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 upped their target price on shares of Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. BNP Paribas initiated 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. Finally, UBS Group reduced their price objective on Vistra from $157.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $145.30.

Vistra Stock Down 0.4 %

NYSE:VST opened at $125.56 on Friday. The stock’s fifty day simple moving average is $103.54 and its 200-day simple moving average is $90.43. The firm has a market capitalization of $43.63 billion, a P/E ratio of 77.03 and a beta of 1.10. The company has a quick ratio of 0.88, a current ratio of 0.98 and a debt-to-equity ratio of 2.89. Vistra Corp. has a 12-month low of $31.92 and a 12-month high of $143.87.

Vistra (NYSE:VST) last posted 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). 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 quarter in the previous year, the firm posted $1.03 earnings per share. Equities research analysts expect that Vistra Corp. will post 4.73 earnings per share for the current year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 20th were issued a $0.2195 dividend. The ex-dividend date of this dividend was Friday, September 20th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a yield of 0.70%. Vistra’s dividend payout ratio (DPR) is 53.37%.

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.