Vistra Corp. (NYSE:VST) Stock Position Decreased by Deseret Mutual Benefit Administrators

Deseret Mutual Benefit Administrators cut its stake in shares of Vistra Corp. (NYSE:VST) by 17.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 501 shares of the company’s stock after selling 108 shares during the quarter. Deseret Mutual Benefit Administrators’ holdings in Vistra were worth $59,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Redwood Wealth Management Group LLC acquired a new stake in shares of Vistra in the second quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Vistra in the third quarter worth $30,000. New Covenant Trust Company N.A. acquired a new stake in shares of Vistra in the first quarter worth $32,000. CVA Family Office LLC boosted its position in shares of Vistra by 1,505.9% in the third quarter. CVA Family Office LLC now owns 273 shares of the company’s stock worth $32,000 after buying an additional 256 shares during the period. Finally, EdgeRock Capital LLC acquired a new stake in shares of Vistra in the second quarter worth $34,000. 90.88% of the stock is owned by institutional investors.

Vistra Price Performance

NYSE VST opened at $135.73 on Friday. Vistra Corp. has a fifty-two week low of $34.24 and a fifty-two week high of $143.87. The stock’s 50-day moving average is $111.92 and its two-hundred day moving average is $94.28. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.98 and a quick ratio of 0.88. The firm has a market cap of $46.63 billion, a P/E ratio of 99.80 and a beta of 1.09.

Vistra (NYSE:VST) last posted its earnings results on Thursday, August 8th. The company reported $0.90 earnings per share 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 the consensus estimate of $4.04 billion. During the same quarter last year, the business earned $1.03 earnings per share. On average, analysts anticipate that Vistra Corp. will post 4.02 earnings per share for the current fiscal year.

Vistra declared that its board has authorized a stock buyback plan on Thursday, November 7th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 2.1% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

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 issued a dividend of $0.221 per share. 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 0.65%. The ex-dividend date is Friday, December 20th. Vistra’s dividend payout ratio (DPR) is 64.71%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Guggenheim raised their target price on Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. UBS Group decreased their target price on Vistra from $157.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, October 22nd. Royal Bank of Canada lifted their price objective on Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. BNP Paribas started coverage on Vistra in a research report on Monday, October 14th. They set an “outperform” rating and a $231.00 price objective for the company. Finally, Jefferies Financial Group lifted their price objective on Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. Ten research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $145.40.

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.