Signaturefd LLC Boosts Stake in Vistra Corp. (NYSE:VST)

Signaturefd LLC grew its stake in shares of Vistra Corp. (NYSE:VST) by 12.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,604 shares of the company’s stock after acquiring an additional 292 shares during the period. Signaturefd LLC’s holdings in Vistra were worth $309,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Lone Pine Capital LLC boosted its holdings in Vistra by 6.6% in the 2nd quarter. Lone Pine Capital LLC now owns 6,838,007 shares of the company’s stock valued at $587,932,000 after purchasing an additional 425,126 shares during the period. Castle Hook Partners LP boosted its stake in shares of Vistra by 470.0% during the 1st quarter. Castle Hook Partners LP now owns 3,769,842 shares of the company’s stock valued at $262,569,000 after purchasing an additional 3,108,511 shares in the last quarter. TD Asset Management Inc boosted its stake in shares of Vistra by 9,668.5% during the 1st quarter. TD Asset Management Inc now owns 2,940,113 shares of the company’s stock valued at $204,779,000 after purchasing an additional 2,910,015 shares in the last quarter. GQG Partners LLC boosted its stake in shares of Vistra by 25.1% during the 1st quarter. GQG Partners LLC now owns 2,564,705 shares of the company’s stock valued at $178,632,000 after purchasing an additional 514,722 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Vistra by 115.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,532,657 shares of the company’s stock valued at $217,758,000 after purchasing an additional 1,356,488 shares in the last quarter. 90.88% of the stock is owned by institutional investors.

Vistra Stock Performance

VST opened at $124.03 on Friday. 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 market capitalization of $43.10 billion, a PE ratio of 76.09 and a beta of 1.10. The firm’s 50-day moving average price is $104.43 and its 200 day moving average price is $90.93. Vistra Corp. has a twelve month low of $31.92 and a twelve month high of $143.87.

Vistra (NYSE:VST) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.90 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 firm had revenue of $3.85 billion for the quarter, compared to analyst estimates of $4.04 billion. During the same quarter last year, the firm earned $1.03 EPS. As a group, sell-side analysts expect that Vistra Corp. will post 4.73 EPS for the current fiscal year.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 20th were issued a dividend of $0.2195 per share. This is an increase from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend was Friday, September 20th. Vistra’s dividend payout ratio (DPR) is 53.37%.

Wall Street Analysts Forecast Growth

VST has been the subject of a number of recent analyst reports. Morgan Stanley boosted their price objective on shares of Vistra from $110.00 to $132.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. BNP Paribas initiated coverage on shares of Vistra in a research report on Monday, October 14th. They set an “outperform” rating and a $231.00 price objective for the company. JPMorgan Chase & Co. started coverage on shares of Vistra in a report on Thursday, October 17th. They issued an “overweight” rating and a $178.00 target price for the company. UBS Group dropped their price objective on shares of Vistra from $157.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, October 22nd. Finally, Jefferies Financial Group upped their target price on shares of Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Vistra presently has a consensus rating of “Buy” and a consensus price target of $145.30.

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.