Roman Butler Fullerton & Co. Makes New Investment in Vistra Corp. (NYSE:VST)

Roman Butler Fullerton & Co. bought a new position in Vistra Corp. (NYSE:VST) in the third quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,836 shares of the company’s stock, valued at approximately $236,000.

A number of other large investors have also added to or reduced their stakes in the stock. Forum Financial Management LP grew its position in Vistra by 0.7% in the 3rd quarter. Forum Financial Management LP now owns 11,527 shares of the company’s stock worth $1,366,000 after purchasing an additional 80 shares during the period. Interchange Capital Partners LLC grew its position in Vistra by 4.2% in the 3rd quarter. Interchange Capital Partners LLC now owns 2,710 shares of the company’s stock worth $321,000 after purchasing an additional 109 shares during the period. Simplicity Wealth LLC grew its position in Vistra by 3.0% in the 2nd quarter. Simplicity Wealth LLC now owns 3,883 shares of the company’s stock worth $334,000 after purchasing an additional 112 shares during the period. New Century Financial Group LLC grew its position in Vistra by 4.4% in the 3rd 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 period. Finally, Nvwm LLC grew its position in Vistra by 1.3% in the 3rd quarter. Nvwm LLC now owns 10,446 shares of the company’s stock worth $1,238,000 after purchasing an additional 138 shares during the period. Institutional investors own 90.88% of the company’s stock.

Vistra Stock Down 3.2 %

VST opened at $115.74 on Tuesday. 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 stock has a market cap of $39.76 billion, a price-to-earnings ratio of 85.10 and a beta of 1.09. The firm’s fifty day moving average is $108.66 and its 200 day moving average is $93.02. Vistra Corp. has a fifty-two week low of $33.84 and a fifty-two week high of $143.87.

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

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be issued a $0.221 dividend. The ex-dividend date of this dividend is Friday, December 20th. This is an increase from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.76%. Vistra’s payout ratio is 64.71%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on VST. Morgan Stanley lifted their price target on shares of Vistra from $110.00 to $132.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. Guggenheim lifted their price target on shares of Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. BMO Capital Markets lifted their price target on shares of Vistra from $146.00 to $147.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. BNP Paribas began coverage on shares of Vistra in a research note on Monday, October 14th. They set an “outperform” rating and a $231.00 price target on the stock. Finally, UBS Group dropped their price target on shares of Vistra from $157.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, October 22nd. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average 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.