M&R Capital Management Inc. Purchases 116,787 Shares of Vistra Corp. (NYSE:VST)

M&R Capital Management Inc. raised its position in Vistra Corp. (NYSE:VST) by 38,929.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,087 shares of the company’s stock after buying an additional 116,787 shares during the quarter. Vistra accounts for 3.1% of M&R Capital Management Inc.’s holdings, making the stock its 8th biggest holding. M&R Capital Management Inc.’s holdings in Vistra were worth $13,879,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Mather Group LLC. acquired a new stake in Vistra in the first quarter valued at about $26,000. Redwood Wealth Management Group LLC acquired a new stake in Vistra in the second quarter valued at about $26,000. New Covenant Trust Company N.A. acquired a new stake in Vistra in the first quarter valued at about $32,000. EdgeRock Capital LLC acquired a new stake in Vistra in the second quarter valued at about $34,000. Finally, Riverview Trust Co acquired a new stake in Vistra in the first quarter valued at about $39,000. 90.88% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Morgan Stanley raised their price objective on Vistra from $110.00 to $132.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. BMO Capital Markets increased their target price on Vistra from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Friday, September 20th. Finally, Jefferies Financial Group raised their price objective on Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $110.83.

Vistra Price Performance

Shares of VST opened at $125.40 on Thursday. Vistra Corp. has a 1 year low of $31.16 and a 1 year high of $127.57. 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 capitalization of $43.57 billion, a price-to-earnings ratio of 76.93 and a beta of 1.08. The business has a 50-day moving average of $85.27 and a 200-day moving average of $83.60.

Vistra (NYSE:VST) last issued 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 last year, the business earned $1.03 earnings per share. As a group, equities research analysts anticipate that Vistra Corp. will post 4.7 earnings per share for the current year.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 20th were paid a dividend of $0.2195 per share. The ex-dividend date was Friday, September 20th. This represents a $0.88 annualized dividend and a yield of 0.70%. This is a boost from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is currently 53.37%.

Vistra 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.