Douglass Winthrop Advisors LLC Buys 100 Shares of Vistra Corp. (NYSE:VST)

Douglass Winthrop Advisors LLC boosted its stake in shares of Vistra Corp. (NYSE:VST) by 0.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,335 shares of the company’s stock after buying an additional 100 shares during the quarter. Douglass Winthrop Advisors LLC’s holdings in Vistra were worth $1,344,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Redwood Wealth Management Group LLC bought a new stake in shares of Vistra during the second quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Vistra in the 3rd quarter worth $30,000. New Covenant Trust Company N.A. bought a new position in shares of Vistra during the 1st quarter worth $32,000. CVA Family Office LLC lifted its stake in 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 acquiring an additional 256 shares during the period. Finally, EdgeRock Capital LLC bought a new position in Vistra during the 2nd quarter worth about $34,000. 90.88% of the stock is owned by hedge funds and other institutional investors.

Vistra Trading Down 2.8 %

Shares of NYSE:VST opened at $161.92 on Monday. The business’s 50-day moving average is $127.24 and its 200 day moving average is $100.11. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. Vistra Corp. has a 1 year low of $34.61 and a 1 year high of $168.67. The firm has a market capitalization of $55.09 billion, a P/E ratio of 30.21, a P/E/G ratio of 2.08 and a beta of 1.09.

Vistra announced that its board has authorized a stock repurchase program on Thursday, November 7th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 2.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be issued a dividend of $0.221 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.88 annualized dividend and a dividend yield of 0.55%. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio is 16.42%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on VST. Jefferies Financial Group boosted their price target on shares of Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. BNP Paribas assumed coverage on shares of Vistra in a research note on Monday, October 14th. They issued an “outperform” rating and a $231.00 price objective for the company. JPMorgan Chase & Co. initiated coverage on Vistra in a report on Thursday, October 17th. They set an “overweight” rating and a $178.00 target price for the company. BMO Capital Markets lifted their price target on Vistra from $146.00 to $147.00 and gave the company an “outperform” rating in a report on Tuesday, October 29th. Finally, Guggenheim boosted their price target on Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $149.10.

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.