6,703 Shares in Vistra Corp. (NYSE:VST) Bought by Kestra Investment Management LLC

Kestra Investment Management LLC purchased a new stake in Vistra Corp. (NYSE:VST) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 6,703 shares of the company’s stock, valued at approximately $576,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. PNC Financial Services Group Inc. boosted its stake in shares of Vistra by 89.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 10,124 shares of the company’s stock worth $390,000 after acquiring an additional 4,772 shares during the period. Commerce Bank bought a new position in Vistra during the fourth quarter worth $201,000. TD Asset Management Inc increased its holdings in shares of Vistra by 25.2% in the fourth quarter. TD Asset Management Inc now owns 30,098 shares of the company’s stock valued at $1,159,000 after purchasing an additional 6,063 shares during the last quarter. Treasurer of the State of North Carolina increased its holdings in shares of Vistra by 2.7% in the fourth quarter. Treasurer of the State of North Carolina now owns 166,367 shares of the company’s stock valued at $6,408,000 after purchasing an additional 4,417 shares during the last quarter. Finally, Bank of Nova Scotia raised its position in shares of Vistra by 610.8% in the fourth quarter. Bank of Nova Scotia now owns 160,758 shares of the company’s stock valued at $6,192,000 after purchasing an additional 138,142 shares during the period. Institutional investors own 90.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on VST shares. BMO Capital Markets lifted their target price on shares of Vistra from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, September 20th. Jefferies Financial Group boosted their price objective on Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Finally, Morgan Stanley increased their target price on Vistra from $110.00 to $132.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $110.83.

Vistra Stock Performance

Shares of NYSE:VST opened at $118.54 on Tuesday. The company has a quick ratio of 0.88, a current ratio of 0.98 and a debt-to-equity ratio of 2.89. Vistra Corp. has a 12-month low of $31.16 and a 12-month high of $122.01. The company’s 50 day moving average price is $84.42 and its two-hundred day moving average price is $83.17. The firm has a market cap of $41.19 billion, a PE ratio of 72.72 and a beta of 1.08.

Vistra (NYSE:VST) last posted 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 company had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $4.04 billion. Vistra had a return on equity of 21.05% and a net margin of 4.61%. During the same quarter last year, the business earned $1.03 EPS. Equities research analysts predict that Vistra Corp. will post 4.7 earnings per share for the current year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 20th were paid a $0.2195 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend was Friday, September 20th. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is 53.37%.

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.