Sanctuary Advisors LLC bought a new stake in Vistra Corp. (NYSE:VST – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 91,059 shares of the company’s stock, valued at approximately $7,829,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Gordian Capital Singapore Pte Ltd purchased a new position in shares of Vistra in the second quarter valued at $297,000. Kestra Investment Management LLC purchased a new position in Vistra during the second quarter worth $576,000. New Century Financial Group LLC purchased a new position in Vistra during the second quarter worth $220,000. Cetera Investment Advisers boosted its stake in Vistra by 5.6% during the second quarter. Cetera Investment Advisers now owns 96,680 shares of the company’s stock worth $8,313,000 after buying an additional 5,094 shares during the period. Finally, Senator Investment Group LP purchased a new position in Vistra during the second quarter worth $23,644,000. 90.88% of the stock is owned by hedge funds and other institutional investors.
Vistra Stock Up 4.5 %
Shares of VST opened at $138.37 on Friday. The firm has a market capitalization of $48.08 billion, a P/E ratio of 84.89 and a beta of 1.10. Vistra Corp. has a 12-month low of $31.22 and a 12-month high of $139.38. 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 fifty day moving average price of $88.91 and a 200-day moving average price of $84.75.
Vistra Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 20th were issued a $0.2195 dividend. This is an increase from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend was Friday, September 20th. Vistra’s payout ratio is presently 53.37%.
Analysts Set New Price Targets
Several research analysts have commented on the stock. BMO Capital Markets reaffirmed an “outperform” rating and set a $146.00 price objective (up from $125.00) on shares of Vistra in a research note on Friday. Morgan Stanley lifted their price objective 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. Royal Bank of Canada lifted their price objective on shares of Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Jefferies Financial Group lifted their price objective on shares of Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $118.14.
Read Our Latest Analysis on VST
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.
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