Vistra Corp. (NYSE:VST) Stock Position Increased by Gunderson Capital Management Inc.

Gunderson Capital Management Inc. boosted its stake in shares of Vistra Corp. (NYSE:VST) by 21.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,401 shares of the company’s stock after buying an additional 7,252 shares during the period. Vistra comprises 2.0% of Gunderson Capital Management Inc.’s investment portfolio, making the stock its 18th largest holding. Gunderson Capital Management Inc.’s holdings in Vistra were worth $4,789,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Mather Group LLC. acquired a new position in shares of Vistra in the first quarter worth $26,000. Redwood Wealth Management Group LLC acquired a new position in shares of Vistra during the 2nd quarter worth $26,000. New Covenant Trust Company N.A. acquired a new stake in shares of Vistra in the 1st quarter valued at $32,000. EdgeRock Capital LLC acquired a new stake in shares of Vistra in the second quarter worth about $34,000. Finally, Riverview Trust Co acquired a new stake in shares of Vistra in the first quarter worth $39,000. 90.88% of the stock is owned by hedge funds and other institutional investors.

Vistra Stock Down 5.6 %

Shares of VST traded down $7.16 during mid-day trading on Wednesday, hitting $120.80. 4,726,964 shares of the company’s stock were exchanged, compared to its average volume of 6,916,877. The company has a 50-day simple moving average of $91.29 and a 200 day simple moving average of $85.89. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.98 and a quick ratio of 0.88. The company has a market cap of $41.50 billion, a PE ratio of 74.11 and a beta of 1.10. Vistra Corp. has a 52 week low of $31.40 and a 52 week high of $143.87.

Vistra (NYSE:VST) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $4.04 billion. During the same quarter in the prior year, the company earned $1.03 EPS. On average, research analysts forecast that Vistra Corp. will post 4.7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 20th were given a dividend of $0.2195 per share. The ex-dividend date was Friday, September 20th. This is an increase from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a yield of 0.73%. Vistra’s dividend payout ratio (DPR) is 53.99%.

Analysts Set New Price Targets

Several brokerages recently commented on VST. Guggenheim raised their target price on Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday. Royal Bank of Canada lifted their target price on shares of Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. BMO Capital Markets reissued an “outperform” rating and issued a $146.00 price target (up previously from $125.00) on shares of Vistra in a research report on Friday, October 4th. Morgan Stanley raised their price target on shares of Vistra from $110.00 to $132.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. Finally, Jefferies Financial Group upped 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. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Vistra presently has an average rating of “Buy” and an average target price 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.