Nvwm LLC Increases Stake in Vistra Corp. (NYSE:VST)

Nvwm LLC increased its holdings in Vistra Corp. (NYSE:VST) by 1.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,446 shares of the company’s stock after acquiring an additional 138 shares during the quarter. Nvwm LLC’s holdings in Vistra were worth $1,238,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. State of Alaska Department of Revenue raised its stake in Vistra by 0.5% in the first quarter. State of Alaska Department of Revenue now owns 36,465 shares of the company’s stock worth $2,539,000 after buying an additional 170 shares in the last quarter. J.W. Cole Advisors Inc. boosted its position in Vistra by 14.8% during the first quarter. J.W. Cole Advisors Inc. now owns 7,586 shares of the company’s stock valued at $531,000 after purchasing an additional 977 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new position in Vistra in the first quarter valued at about $209,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in Vistra by 12.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 182,814 shares of the company’s stock worth $12,733,000 after purchasing an additional 20,790 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of Vistra by 186.6% during the first quarter. BNP Paribas Financial Markets now owns 327,434 shares of the company’s stock valued at $22,806,000 after buying an additional 213,202 shares during the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. UBS Group lowered their target price on shares of Vistra from $157.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, October 22nd. Jefferies Financial Group raised their price objective on Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. JPMorgan Chase & Co. started coverage on Vistra in a research note on Thursday, October 17th. They issued an “overweight” rating and a $178.00 price target for the company. Morgan Stanley upped their price objective on shares of Vistra from $110.00 to $132.00 and gave the company an “overweight” rating in a report on Monday, September 23rd. Finally, BNP Paribas initiated coverage on shares of Vistra in a research report on Monday, October 14th. They set an “outperform” rating and a $231.00 target price on the stock. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Vistra currently has an average rating of “Buy” and an average price target of $145.40.

Vistra Stock Performance

VST traded down $5.45 during trading on Friday, reaching $119.51. 5,979,565 shares of the company’s stock were exchanged, compared to its average volume of 7,401,031. The stock has a market capitalization of $41.06 billion, a P/E ratio of 87.88 and a beta of 1.09. Vistra Corp. has a 1 year low of $33.84 and a 1 year high of $143.87. The company’s fifty day simple moving average is $108.66 and its 200-day simple moving average is $92.85. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.98 and a quick ratio of 0.88.

Vistra (NYSE:VST) last issued 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). The firm had revenue of $3.85 billion for the quarter, compared to analyst estimates of $4.04 billion. Vistra had a return on equity of 21.05% and a net margin of 4.61%. During the same period in the previous year, the business earned $1.03 EPS. As a group, research analysts predict that Vistra Corp. will post 4.02 earnings per share for the current fiscal year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be issued a $0.221 dividend. This is a boost from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Friday, December 20th. Vistra’s dividend payout ratio is presently 64.71%.

Vistra Company 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.