Meeder Asset Management Inc. Purchases 4,010 Shares of Vistra Corp. (NYSE:VST)

Meeder Asset Management Inc. increased its position in shares of Vistra Corp. (NYSE:VST) by 34.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,520 shares of the company’s stock after acquiring an additional 4,010 shares during the period. Meeder Asset Management Inc.’s holdings in Vistra were worth $1,840,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of VST. Redwood Wealth Management Group LLC bought a new position in Vistra during the 2nd quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Vistra during the third quarter worth about $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 Stock Performance

NYSE VST opened at $146.64 on Tuesday. The firm has a market cap of $49.89 billion, a P/E ratio of 27.36 and a beta of 1.09. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. The company’s 50 day moving average is $120.95 and its 200-day moving average is $97.99. Vistra Corp. has a 12-month low of $34.25 and a 12-month high of $152.64.

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

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 given a dividend of $0.221 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.88 annualized dividend and a dividend yield of 0.60%. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio is currently 16.42%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on VST shares. Royal Bank of Canada lifted their price objective on Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Jefferies Financial Group raised their price objective on shares of Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Morgan Stanley increased their target price on shares of Vistra from $110.00 to $132.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. Guggenheim increased their price target on Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Finally, BMO Capital Markets upped their target price on shares of Vistra from $146.00 to $147.00 and gave the stock an “outperform” rating in a report on Tuesday, October 29th. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $145.40.

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.