Apella Capital LLC Increases Holdings in Vistra Corp. (NYSE:VST)

Apella Capital LLC grew its holdings in Vistra Corp. (NYSE:VST) by 4.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 3,542 shares of the company’s stock after buying an additional 164 shares during the quarter. Apella Capital LLC’s holdings in Vistra were worth $444,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Mather Group LLC. purchased a new stake in Vistra in the first quarter worth $26,000. Redwood Wealth Management Group LLC purchased a new stake in shares of Vistra in the 2nd quarter worth about $26,000. New Covenant Trust Company N.A. bought a new stake in shares of Vistra during the 1st quarter valued at about $32,000. EdgeRock Capital LLC purchased a new position in shares of Vistra during the second quarter valued at about $34,000. Finally, Riverview Trust Co bought a new position in Vistra in the first quarter worth about $39,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on VST shares. Jefferies Financial Group lifted their price objective on Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. Morgan Stanley raised their target price on Vistra from $110.00 to $132.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. Royal Bank of Canada upped their price target on Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $146.00 price objective (up previously from $125.00) on shares of Vistra in a report on Friday. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $118.14.

Vistra Stock Up 4.5 %

NYSE:VST traded up $5.96 during trading hours on Friday, reaching $138.41. 12,401,402 shares of the company traded hands, compared to its average volume of 8,353,454. 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 business’s 50-day moving average price is $88.91 and its two-hundred day moving average price is $84.75. Vistra Corp. has a 1 year low of $31.22 and a 1 year high of $139.38. The stock has a market capitalization of $48.09 billion, a P/E ratio of 84.89 and a beta of 1.10.

Vistra (NYSE:VST) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.90 earnings per share (EPS) 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 company had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $4.04 billion. During the same period in the prior year, the firm earned $1.03 EPS. Analysts predict that Vistra Corp. will post 4.7 earnings per share for the current year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 20th were paid a $0.2195 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.63%. The ex-dividend date was Friday, September 20th. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio is currently 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.