Thrivent Financial for Lutherans Buys 1,143,918 Shares of Vistra Corp. (NYSE:VST)

Thrivent Financial for Lutherans grew its stake in Vistra Corp. (NYSE:VST) by 1,358.2% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,228,144 shares of the company’s stock after purchasing an additional 1,143,918 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.35% of Vistra worth $105,596,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Mather Group LLC. bought a new stake in Vistra during the first quarter worth $26,000. Redwood Wealth Management Group LLC bought a new stake in Vistra during the second quarter worth $26,000. New Covenant Trust Company N.A. bought a new stake in Vistra during the first quarter worth $32,000. EdgeRock Capital LLC bought a new stake in Vistra during the second quarter worth $34,000. Finally, Riverview Trust Co bought a new stake in Vistra during the first quarter worth $39,000. Institutional investors own 90.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Jefferies Financial Group assumed coverage on Vistra in a report on Friday, September 13th. They set a “buy” rating and a $99.00 price target on the stock. Morgan Stanley lifted their price target on Vistra from $109.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. Finally, BMO Capital Markets lifted their price target on Vistra from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Vistra currently has a consensus rating of “Buy” and an average price target of $100.83.

Vistra Stock Performance

Shares of VST opened at $107.88 on Friday. The firm has a market cap of $37.06 billion, a PE ratio of 66.18 and a beta of 1.08. The stock’s fifty day moving average price is $80.15 and its two-hundred day moving average price is $80.71. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.98 and a quick ratio of 0.88. Vistra Corp. has a 1 year low of $31.16 and a 1 year high of $108.26.

Vistra (NYSE:VST) last issued its earnings results on Thursday, August 8th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.69). The firm had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $4.04 billion. Vistra had a net margin of 4.61% and a return on equity of 21.05%. During the same quarter in the previous year, the firm earned $1.03 earnings per share. On average, equities research analysts forecast that Vistra Corp. will post 4.52 EPS for the current year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 20th will be given a $0.2195 dividend. The ex-dividend date is Friday, September 20th. This is a boost from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a dividend yield of 0.81%. Vistra’s 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.