Galvin Gaustad & Stein LLC Purchases Shares of 2,004 Vistra Corp. (NYSE:VST)

Galvin Gaustad & Stein LLC purchased a new position in shares of Vistra Corp. (NYSE:VSTFree Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,004 shares of the company’s stock, valued at approximately $238,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Redwood Wealth Management Group LLC purchased a new stake in shares of Vistra during the second quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Vistra during the 3rd quarter worth approximately $30,000. New Covenant Trust Company N.A. acquired a new stake in shares of Vistra in the 1st quarter valued at about $32,000. CVA Family Office LLC raised its position in shares of Vistra by 1,505.9% during the 3rd quarter. CVA Family Office LLC now owns 273 shares of the company’s stock valued at $32,000 after acquiring an additional 256 shares in the last quarter. Finally, EdgeRock Capital LLC acquired a new position in Vistra during the 2nd quarter valued at approximately $34,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Vistra Trading Up 4.5 %

NYSE:VST opened at $141.90 on Friday. The stock has a market cap of $48.75 billion, a price-to-earnings ratio of 26.47 and a beta of 1.09. The company has a quick ratio of 0.88, a current ratio of 0.98 and a debt-to-equity ratio of 2.89. The company’s 50 day moving average price is $113.05 and its 200-day moving average price is $94.99. Vistra Corp. has a 52 week low of $34.24 and a 52 week high of $144.77.

Vistra (NYSE:VSTGet Free Report) last released its earnings results on Thursday, August 8th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $4.04 billion. During the same quarter last year, the business posted $1.03 earnings per share. On average, equities research analysts forecast that Vistra Corp. will post 4.02 earnings per share for the current fiscal year.

Vistra Increases Dividend

The firm also recently declared 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 is Friday, December 20th. This represents a $0.88 dividend on an annualized basis and a yield of 0.62%. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio is currently 16.42%.

Vistra declared that its Board of Directors has approved a share repurchase plan on Thursday, November 7th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to repurchase up to 2.1% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on VST. Royal Bank of Canada lifted their target price on Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. UBS Group decreased their target price on Vistra from $157.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, October 22nd. Guggenheim increased their target price on shares of Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. BNP Paribas started coverage on shares of Vistra in a report on Monday, October 14th. They issued an “outperform” rating and a $231.00 price target on the stock. Finally, Morgan Stanley raised their target price on Vistra from $110.00 to $132.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $145.40.

View Our Latest Stock Report on VST

Vistra Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Vistra (NYSE:VST)

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