TFB Advisors LLC Sells 1,914 Shares of Vistra Corp. (NYSE:VST)

TFB Advisors LLC cut its holdings in shares of Vistra Corp. (NYSE:VST) by 18.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,278 shares of the company’s stock after selling 1,914 shares during the period. TFB Advisors LLC’s holdings in Vistra were worth $981,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. BMO Capital Markets boosted their target price on shares of Vistra from $146.00 to $147.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. BNP Paribas started coverage on Vistra in a research report on Monday, October 14th. They set an “outperform” rating and a $231.00 price objective on the stock. JPMorgan Chase & Co. started coverage on Vistra in a research note on Thursday, October 17th. They set an “overweight” rating and a $178.00 price target on the stock. Morgan Stanley boosted 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. Finally, Royal Bank of Canada raised their price objective on shares of Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $145.40.

Vistra Trading Up 7.6 %

NYSE:VST opened at $135.73 on Friday. Vistra Corp. has a 12 month low of $34.24 and a 12 month high of $143.87. The company has a current ratio of 0.98, a quick ratio of 0.88 and a debt-to-equity ratio of 2.89. The stock has a market capitalization of $46.63 billion, a price-to-earnings ratio of 99.80 and a beta of 1.09. The firm has a fifty day simple moving average of $111.92 and a two-hundred day simple moving average of $94.28.

Vistra (NYSE:VST) last issued its earnings results on Thursday, August 8th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.69). Vistra had a net margin of 4.61% and a return on equity of 21.05%. The firm had revenue of $3.85 billion during the quarter, compared to analyst estimates of $4.04 billion. During the same quarter in the prior year, the business earned $1.03 earnings per share. Analysts expect that Vistra Corp. will post 4.02 EPS for the current fiscal year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors 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 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date is Friday, December 20th. Vistra’s dividend payout ratio (DPR) is currently 64.71%.

Vistra declared that its Board of Directors has authorized a stock buyback plan on Thursday, November 7th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 2.1% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

About Vistra

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.