Vistra Corp. (NYSE:VST) Stock Position Lifted by Okabena Investment Services Inc.

Okabena Investment Services Inc. lifted its stake in shares of Vistra Corp. (NYSE:VST) by 14.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,303 shares of the company’s stock after purchasing an additional 679 shares during the quarter. Okabena Investment Services Inc.’s holdings in Vistra were worth $629,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Massachusetts Financial Services Co. MA increased its stake in Vistra by 115.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,532,657 shares of the company’s stock valued at $217,758,000 after buying an additional 1,356,488 shares during the period. Thrivent Financial for Lutherans increased its stake in shares of Vistra by 1,358.2% during the second quarter. Thrivent Financial for Lutherans now owns 1,228,144 shares of the company’s stock valued at $105,596,000 after acquiring an additional 1,143,918 shares during the period. Marshall Wace LLP raised its holdings in Vistra by 315.9% during the second quarter. Marshall Wace LLP now owns 1,175,811 shares of the company’s stock worth $101,096,000 after purchasing an additional 893,093 shares in the last quarter. Point72 Asset Management L.P. lifted its position in Vistra by 121.1% in the second quarter. Point72 Asset Management L.P. now owns 1,536,192 shares of the company’s stock worth $132,082,000 after purchasing an additional 841,292 shares during the period. Finally, American Century Companies Inc. lifted its position in Vistra by 106.4% in the second quarter. American Century Companies Inc. now owns 1,384,629 shares of the company’s stock worth $119,050,000 after purchasing an additional 713,705 shares during the period. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Stock Down 2.8 %

VST stock opened at $161.92 on Friday. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. The firm has a market capitalization of $55.09 billion, a P/E ratio of 30.21, a P/E/G ratio of 2.14 and a beta of 1.09. Vistra Corp. has a 52-week low of $34.61 and a 52-week high of $168.67. The company’s 50 day simple moving average is $127.24 and its 200-day simple moving average is $100.03.

Vistra announced that its Board of Directors has approved a share buyback program on Thursday, November 7th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to purchase up to 2.1% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be given a $0.221 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Friday, December 20th. This is a boost from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is 16.42%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Jefferies Financial Group lifted their price target on Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. Royal Bank of Canada boosted their price target on shares of Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. BMO Capital Markets raised their price objective on shares of Vistra from $146.00 to $147.00 and gave the company an “outperform” rating in a research report on Tuesday, October 29th. Morgan Stanley lifted their price objective on shares of Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, JPMorgan Chase & Co. initiated coverage on shares of Vistra in a report on Thursday, October 17th. They set an “overweight” rating and a $178.00 target price for the company. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Vistra has a consensus rating of “Buy” and an average price target of $149.10.

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.