Victory Capital Management Inc. Has $105.97 Million Stock Holdings in Vistra Corp. (NYSE:VST)

Victory Capital Management Inc. lifted its position in shares of Vistra Corp. (NYSE:VST) by 41.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 893,952 shares of the company’s stock after purchasing an additional 260,208 shares during the period. Victory Capital Management Inc. owned about 0.26% of Vistra worth $105,969,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Redwood Wealth Management Group LLC acquired a new position in Vistra during the 2nd quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Vistra in the third quarter worth approximately $30,000. New Covenant Trust Company N.A. acquired a new position in shares of Vistra in the first quarter worth approximately $32,000. CVA Family Office LLC boosted its holdings in Vistra by 1,505.9% in the third quarter. CVA Family Office LLC now owns 273 shares of the company’s stock valued at $32,000 after acquiring an additional 256 shares during the last quarter. Finally, EdgeRock Capital LLC acquired a new stake in Vistra during the 2nd quarter valued at approximately $34,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Trading Down 0.0 %

Shares of Vistra stock opened at $142.09 on Thursday. The stock has a market capitalization of $48.34 billion, a PE ratio of 26.51 and a beta of 1.09. Vistra Corp. has a 52 week low of $34.25 and a 52 week high of $149.80. The stock has a 50 day moving average price of $116.89 and a two-hundred day moving average price of $96.49. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.88 and a current ratio of 1.11.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be given a $0.221 dividend. The ex-dividend date is Friday, December 20th. This represents a $0.88 annualized dividend and a yield of 0.62%. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is presently 16.42%.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. 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 on the stock. Morgan Stanley increased their price target on Vistra from $110.00 to $132.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. Guggenheim boosted their price objective on Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Royal Bank of Canada raised their target price on Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Finally, UBS Group dropped their price target on Vistra from $157.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, October 22nd. Ten analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $145.40.

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.