Creative Planning Buys 7,753 Shares of Vistra Corp. (NYSE:VST)

Creative Planning raised its stake in shares of Vistra Corp. (NYSE:VST) by 33.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,052 shares of the company’s stock after acquiring an additional 7,753 shares during the quarter. Creative Planning’s holdings in Vistra were worth $3,681,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in VST. Thurston Springer Miller Herd & Titak Inc. bought a new position in Vistra during the 3rd quarter valued at about $30,000. CVA Family Office LLC boosted its holdings in shares of Vistra by 1,505.9% in the 3rd quarter. CVA Family Office LLC now owns 273 shares of the company’s stock worth $32,000 after acquiring an additional 256 shares in the last quarter. Redwood Wealth Management Group LLC bought a new stake in Vistra during the 2nd quarter worth approximately $26,000. ORG Wealth Partners LLC acquired a new stake in Vistra during the 3rd quarter valued at $40,000. Finally, EdgeRock Capital LLC bought a new position in Vistra in the 2nd quarter valued at $34,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Stock Down 1.2 %

VST stock opened at $124.06 on Friday. 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 stock has a market capitalization of $43.11 billion, a P/E ratio of 76.11 and a beta of 1.10. Vistra Corp. has a fifty-two week low of $31.92 and a fifty-two week high of $143.87. The business has a 50-day moving average of $104.43 and a 200-day moving average of $90.78.

Vistra (NYSE:VST) last released its quarterly 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 analyst estimates of $4.04 billion. Vistra had a return on equity of 21.05% and a net margin of 4.61%. During the same period last year, the company earned $1.03 EPS. On average, sell-side analysts anticipate that Vistra Corp. will post 4.73 earnings per share for the current fiscal year.

Vistra Increases Dividend

The company also recently declared 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. This is a positive change from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend was Friday, September 20th. Vistra’s dividend payout ratio is 53.37%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on VST shares. BMO Capital Markets restated an “outperform” rating and set a $146.00 target price (up previously from $125.00) on shares of Vistra in a report on Friday, October 4th. Royal Bank of Canada upped their target price on shares of Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. assumed coverage on shares of Vistra in a report on Thursday, October 17th. They issued an “overweight” rating and a $178.00 price target for the company. UBS Group decreased their price objective on Vistra from $157.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Guggenheim lifted their target price on Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $145.30.

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.