GAMMA Investing LLC Acquires 1,964 Shares of Vistra Corp. (NYSE:VST)

GAMMA Investing LLC grew its holdings in Vistra Corp. (NYSE:VST) by 64.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,034 shares of the company’s stock after buying an additional 1,964 shares during the period. GAMMA Investing LLC’s holdings in Vistra were worth $597,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Castle Hook Partners LP lifted its holdings in 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 during the last quarter. TD Asset Management Inc raised its position in shares of Vistra by 9,668.5% in the first 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 during the period. Electron Capital Partners LLC lifted its stake in shares of Vistra by 468.2% during the 4th quarter. Electron Capital Partners LLC now owns 2,128,930 shares of the company’s stock worth $82,006,000 after buying an additional 1,754,223 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Vistra by 115.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,532,657 shares of the company’s stock worth $217,758,000 after buying an additional 1,356,488 shares during the period. Finally, Thrivent Financial for Lutherans grew its stake in Vistra by 1,358.2% in the 2nd quarter. Thrivent Financial for Lutherans now owns 1,228,144 shares of the company’s stock valued at $105,596,000 after buying an additional 1,143,918 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on VST. Royal Bank of Canada raised their price objective 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. Guggenheim boosted their price target on Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday. Morgan Stanley upped their price objective on Vistra from $110.00 to $132.00 and gave the company an “overweight” rating in a report on Monday, September 23rd. BMO Capital Markets reissued 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. Finally, Jefferies Financial Group boosted 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. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $125.50.

Vistra Stock Performance

NYSE:VST opened at $127.94 on Wednesday. The company has a market cap of $43.96 billion, a price-to-earnings ratio of 78.49 and a beta of 1.10. Vistra Corp. has a fifty-two week low of $31.40 and a fifty-two week high of $143.87. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.88 and a current ratio of 0.98. The stock has a fifty day moving average price of $91.29 and a 200-day moving average price of $85.89.

Vistra (NYSE:VST) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.69). The firm had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $4.04 billion. Vistra had a return on equity of 21.05% and a net margin of 4.61%. During the same period in the prior year, the company earned $1.03 EPS. As a group, equities analysts anticipate that Vistra Corp. will post 4.7 EPS for the current fiscal year.

Vistra Increases Dividend

The company also recently disclosed 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 an increase from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend was Friday, September 20th. Vistra’s payout ratio is currently 53.99%.

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.