Vistra Corp. (NYSE:VST) Shares Bought by Harbour Capital Advisors LLC

Harbour Capital Advisors LLC raised its position in Vistra Corp. (NYSE:VST) by 86.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 9,518 shares of the company’s stock after acquiring an additional 4,418 shares during the period. Harbour Capital Advisors LLC’s holdings in Vistra were worth $1,182,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. B.O.S.S. Retirement Advisors LLC acquired a new stake in Vistra in the third quarter valued at about $2,571,000. Terra Nova Asset Management LLC purchased a new position in Vistra in the third quarter worth $842,000. SeaCrest Wealth Management LLC lifted its stake in shares of Vistra by 6.8% in the third quarter. SeaCrest Wealth Management LLC now owns 5,285 shares of the company’s stock valued at $626,000 after purchasing an additional 337 shares during the period. Creative Planning lifted its position in shares of Vistra by 33.3% during the 3rd quarter. Creative Planning now owns 31,052 shares of the company’s stock valued at $3,681,000 after acquiring an additional 7,753 shares during the period. Finally, Wedge Capital Management L L P NC boosted its position in Vistra by 4.0% during the third quarter. Wedge Capital Management L L P NC now owns 168,166 shares of the company’s stock worth $19,934,000 after purchasing an additional 6,503 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Analyst Ratings Changes

VST has been the topic of several recent research reports. JPMorgan Chase & Co. started coverage on shares of Vistra in a report on Thursday. They issued an “overweight” rating and a $178.00 price target on the stock. Morgan Stanley lifted their price target on Vistra from $110.00 to $132.00 and gave the company an “overweight” rating in a report on Monday, September 23rd. Jefferies Financial Group upped their price objective on Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. BNP Paribas initiated coverage on shares of Vistra in a research note on Monday. They issued an “outperform” rating and a $231.00 target price on the stock. Finally, Guggenheim raised their target price on Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Ten analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $141.30.

Vistra Stock Performance

Shares of Vistra stock opened at $127.27 on Friday. The firm has a market cap of $43.72 billion, a PE ratio of 93.58 and a beta of 1.10. Vistra Corp. has a 1 year low of $31.43 and a 1 year high of $143.87. The firm’s 50-day simple moving average is $98.73 and its 200-day simple moving average is $88.52. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.88 and a current ratio of 0.98.

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

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 20th were given a dividend of $0.2195 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $0.88 dividend on an annualized basis and a yield of 0.69%. This is a positive change from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio 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.