Park Avenue Securities LLC Has $1.13 Million Stock Position in Vistra Corp. (NYSE:VST)

Park Avenue Securities LLC lessened its holdings in shares of Vistra Corp. (NYSE:VST) by 35.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,550 shares of the company’s stock after selling 5,274 shares during the quarter. Park Avenue Securities LLC’s holdings in Vistra were worth $1,132,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Czech National Bank raised its position in shares of Vistra by 12.4% during the third quarter. Czech National Bank now owns 69,987 shares of the company’s stock worth $8,296,000 after purchasing an additional 7,747 shares during the period. Atria Investments Inc acquired a new stake in Vistra during the 1st quarter worth approximately $1,675,000. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Vistra by 41.2% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 115,600 shares of the company’s stock valued at $4,453,000 after buying an additional 33,738 shares during the period. M&R Capital Management Inc. boosted its holdings in shares of Vistra by 38,929.0% in the third quarter. M&R Capital Management Inc. now owns 117,087 shares of the company’s stock valued at $13,879,000 after buying an additional 116,787 shares during the period. Finally, Intech Investment Management LLC increased its position in shares of Vistra by 8.1% during the second quarter. Intech Investment Management LLC now owns 206,648 shares of the company’s stock worth $17,768,000 after acquiring an additional 15,407 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors.

Vistra Price Performance

NYSE:VST opened at $127.94 on Wednesday. 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 firm has a fifty day simple moving average of $91.29 and a 200 day simple moving average of $85.89. Vistra Corp. has a 1-year low of $31.40 and a 1-year high of $143.87. The stock has a market capitalization of $43.96 billion, a PE ratio of 78.49 and a beta of 1.10.

Vistra (NYSE:VST) last released its quarterly earnings data 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 firm had revenue of $3.85 billion for the quarter, compared to analyst estimates of $4.04 billion. During the same quarter in the prior year, the firm earned $1.03 earnings per share. On average, research analysts expect that Vistra Corp. will post 4.7 EPS for the current fiscal year.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 20th were given a $0.2195 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.69%. This is a boost from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, September 20th. Vistra’s dividend payout ratio (DPR) is presently 53.99%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on VST shares. Guggenheim upped their target price on shares of Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a research note on Tuesday. Jefferies Financial Group increased 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. Royal Bank of Canada boosted their target price on Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Morgan Stanley upped their price target on Vistra from $110.00 to $132.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $146.00 price objective (up from $125.00) on shares of Vistra in a report on Friday, October 4th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $125.50.

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.