Net Worth Advisory Group Takes Position in Vistra Corp. (NYSE:VST)

Net Worth Advisory Group purchased a new position in shares of Vistra Corp. (NYSE:VST) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 7,208 shares of the company’s stock, valued at approximately $854,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mather Group LLC. bought a new stake in shares of Vistra during the first quarter valued at approximately $26,000. Redwood Wealth Management Group LLC bought a new position in Vistra in the 2nd quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Vistra in the 3rd quarter valued at $30,000. New Covenant Trust Company N.A. acquired a new stake in shares of Vistra in the 1st quarter valued at $32,000. Finally, CVA Family Office LLC raised its position in shares of Vistra by 1,505.9% during 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 last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Analyst Ratings Changes

VST has been the subject of a number of research reports. Morgan Stanley lifted their price objective on Vistra from $110.00 to $132.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. BNP Paribas began coverage on shares of Vistra in a research report on Monday, October 14th. They set an “outperform” rating and a $231.00 price target for the company. BMO Capital Markets reissued an “outperform” rating and set a $146.00 price target (up from $125.00) on shares of Vistra in a research note on Friday, October 4th. JPMorgan Chase & Co. initiated coverage on shares of Vistra in a research note on Thursday. They issued an “overweight” rating and a $178.00 price objective on the stock. Finally, Jefferies Financial Group upped their target price on shares of 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, Based on data from MarketBeat.com, Vistra presently has a consensus rating of “Buy” and an average price target of $141.30.

Vistra Price Performance

VST opened at $131.16 on Friday. The company has a fifty day simple moving average of $99.78 and a 200 day simple moving average of $88.93. 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 stock has a market cap of $45.06 billion, a P/E ratio of 96.44 and a beta of 1.10. Vistra Corp. has a 12 month low of $31.43 and a 12 month high of $143.87.

Vistra (NYSE:VST) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.69). The firm 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 last year, the firm earned $1.03 earnings per share. On average, research analysts expect that Vistra Corp. will post 4.7 EPS for the current year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 20th were paid a dividend of $0.2195 per share. This is a boost from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a dividend yield of 0.67%. The ex-dividend date was Friday, September 20th. Vistra’s dividend payout ratio (DPR) is currently 64.71%.

Vistra 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.