Vistra Corp. (NYSE:VST) Stock Position Decreased by Bleakley Financial Group LLC

Bleakley Financial Group LLC cut its stake in shares of Vistra Corp. (NYSE:VST) by 5.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,668 shares of the company’s stock after selling 215 shares during the period. Bleakley Financial Group LLC’s holdings in Vistra were worth $435,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of VST. Mather Group LLC. acquired a new stake in Vistra during the 1st quarter worth about $26,000. Redwood Wealth Management Group LLC acquired a new position in shares of Vistra in the second quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Vistra in the third quarter worth approximately $30,000. New Covenant Trust Company N.A. acquired a new stake in shares of Vistra during the first quarter valued at approximately $32,000. Finally, CVA Family Office LLC lifted its position in shares of Vistra by 1,505.9% in the 3rd quarter. CVA Family Office LLC now owns 273 shares of the company’s stock valued at $32,000 after acquiring an additional 256 shares in the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VST has been the topic of several research analyst reports. Guggenheim lifted their price objective on shares of Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. began coverage on Vistra in a research report on Thursday, October 17th. They issued an “overweight” rating and a $178.00 target price for the company. Royal Bank of Canada upped their price target on Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. BNP Paribas assumed coverage on Vistra in a research note on Monday, October 14th. They issued an “outperform” rating and a $231.00 price objective for the company. Finally, UBS Group lowered their target price on Vistra from $157.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday. Ten analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $145.30.

Vistra Stock Performance

Shares of NYSE VST opened at $125.04 on Wednesday. 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 one year low of $31.43 and a one year high of $143.87. The business’s 50-day moving average price is $101.72 and its two-hundred day moving average price is $89.93. The company has a market capitalization of $42.96 billion, a P/E ratio of 91.94 and a beta of 1.10.

Vistra (NYSE:VST) last announced 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). 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 period in the previous year, the firm posted $1.03 EPS. Analysts anticipate that Vistra Corp. will post 4.7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 20th were issued a dividend of $0.2195 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.70%. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is currently 64.71%.

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.