Capital CS Group LLC Makes New $591,000 Investment in Vistra Corp. (NYSE:VST)

Capital CS Group LLC acquired a new stake in Vistra Corp. (NYSE:VST) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 4,984 shares of the company’s stock, valued at approximately $591,000. Vistra makes up approximately 0.7% of Capital CS Group LLC’s investment portfolio, making the stock its 29th largest position.

A number of other institutional investors also recently made changes to their positions in VST. Redwood Wealth Management Group LLC purchased a new stake in Vistra during the second quarter valued at about $26,000. Mather Group LLC. purchased a new stake in Vistra during the 1st quarter valued at about $26,000. EdgeRock Capital LLC bought a new position in Vistra during the 2nd quarter worth approximately $34,000. New Covenant Trust Company N.A. bought a new position in Vistra during the 1st quarter worth approximately $32,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in Vistra in the 2nd quarter worth approximately $47,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Analyst Ratings Changes

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

Vistra Trading Up 4.5 %

Shares of 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. Vistra Corp. has a 12 month low of $31.22 and a 12 month high of $139.38. 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 fifty day moving average price is $88.91 and its two-hundred day moving average price is $84.75. The company has a market capitalization of $48.09 billion, a price-to-earnings ratio of 84.89 and a beta of 1.10.

Vistra (NYSE:VST) last posted its earnings results on Thursday, August 8th. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.69). The firm had revenue of $3.85 billion for the quarter, compared to analysts’ expectations 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 company posted $1.03 EPS. Equities research analysts predict that Vistra Corp. will post 4.7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 20th were issued a $0.2195 dividend. This is an increase from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, September 20th. This represents a $0.88 dividend on an annualized basis and a yield of 0.63%. Vistra’s dividend payout ratio is 53.37%.

About Vistra

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.