Sound Income Strategies LLC Takes Position in Vistra Corp. (NYSE:VST)

Sound Income Strategies LLC purchased a new stake in Vistra Corp. (NYSE:VST) in the third quarter, Holdings Channel reports. The firm purchased 628 shares of the company’s stock, valued at approximately $74,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of VST. CVA Family Office LLC lifted its holdings in shares of Vistra by 1,505.9% in the 3rd 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. Gateway Investment Advisers LLC bought a new stake in shares of Vistra in the third quarter valued at about $10,837,000. Valeo Financial Advisors LLC lifted its stake in Vistra by 554.0% in the third quarter. Valeo Financial Advisors LLC now owns 5,559 shares of the company’s stock worth $659,000 after acquiring an additional 4,709 shares during the period. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Vistra by 113.4% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,100 shares of the company’s stock worth $249,000 after acquiring an additional 1,116 shares in the last quarter. Finally, Worth Asset Management LLC purchased a new position in Vistra during the 3rd quarter valued at about $225,000. Institutional investors own 90.88% of the company’s stock.

Vistra Stock Up 5.6 %

Shares of VST stock opened at $132.31 on Tuesday. 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 company has a market cap of $45.46 billion, a price-to-earnings ratio of 97.29 and a beta of 1.10. The stock’s fifty day moving average price is $95.45 and its 200 day moving average price is $87.50. Vistra Corp. has a 1-year low of $31.43 and a 1-year high of $143.87.

Vistra (NYSE:VST) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.69). The company had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $4.04 billion. Vistra had a net margin of 4.61% and a return on equity of 21.05%. During the same period last year, the firm earned $1.03 earnings per share. On average, research analysts expect that Vistra Corp. will post 4.7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 20th were issued a $0.2195 dividend. This is an increase from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend was Friday, September 20th. Vistra’s dividend payout ratio is 64.71%.

Wall Street Analyst Weigh In

VST has been the subject of several research reports. BMO Capital Markets reaffirmed an “outperform” rating and issued a $146.00 price target (up previously from $125.00) on shares of Vistra in a research report on Friday, October 4th. Morgan Stanley increased their target price on Vistra from $110.00 to $132.00 and gave the company an “overweight” rating in a research report on Monday, September 23rd. Royal Bank of Canada lifted their price target on Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. BNP Paribas assumed coverage on Vistra in a research note on Monday. They set an “outperform” rating and a $231.00 price objective for the company. Finally, Guggenheim lifted their target price on Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Nine analysts have rated the stock with a buy rating, According to MarketBeat, Vistra presently has a consensus rating of “Buy” and an average target price of $137.22.

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.