National Pension Service Boosts Stake in Vistra Corp. (NYSE:VST)

National Pension Service increased its stake in shares of Vistra Corp. (NYSE:VST) by 64.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 688,370 shares of the company’s stock after buying an additional 269,666 shares during the quarter. National Pension Service’s holdings in Vistra were worth $81,599,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in VST. Forum Financial Management LP raised its position in Vistra by 0.7% during the third quarter. Forum Financial Management LP now owns 11,527 shares of the company’s stock valued at $1,366,000 after acquiring an additional 80 shares in the last quarter. Interchange Capital Partners LLC lifted its stake in shares of Vistra by 4.2% in the 3rd quarter. Interchange Capital Partners LLC now owns 2,710 shares of the company’s stock valued at $321,000 after purchasing an additional 109 shares during the period. Simplicity Wealth LLC boosted its holdings in Vistra by 3.0% during the second quarter. Simplicity Wealth LLC now owns 3,883 shares of the company’s stock worth $334,000 after buying an additional 112 shares in the last quarter. New Century Financial Group LLC lifted its holdings in Vistra by 4.4% in the 3rd quarter. New Century Financial Group LLC now owns 2,666 shares of the company’s stock valued at $316,000 after purchasing an additional 112 shares in the last quarter. Finally, Nvwm LLC lifted its stake in Vistra by 1.3% in the 3rd quarter. Nvwm LLC now owns 10,446 shares of the company’s stock worth $1,238,000 after purchasing an additional 138 shares in the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on VST. BNP Paribas began coverage on Vistra in a report on Monday, October 14th. They issued an “outperform” rating and a $231.00 target price for the company. UBS Group reduced their target price on shares of Vistra from $157.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, October 22nd. BMO Capital Markets raised their price target on shares of Vistra from $146.00 to $147.00 and gave the stock an “outperform” rating in a report on Tuesday, October 29th. 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. Finally, Royal Bank of Canada raised their target price on Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Vistra currently has a consensus rating of “Buy” and a consensus price target of $145.40.

Vistra Price Performance

VST stock opened at $121.87 on Wednesday. Vistra Corp. has a 12-month low of $33.84 and a 12-month high of $143.87. The business’s fifty day moving average price is $110.02 and its 200 day moving average price is $93.77. The company has a market capitalization of $41.87 billion, a PE ratio of 89.61 and a beta of 1.09. The company has a current ratio of 0.98, a quick ratio of 0.88 and a debt-to-equity ratio of 2.89.

Vistra (NYSE:VST) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.69). The firm had revenue of $3.85 billion during the quarter, compared to analyst estimates 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 business posted $1.03 earnings per share. On average, sell-side analysts anticipate that Vistra Corp. will post 4.02 EPS for the current year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be paid a $0.221 dividend. This represents a $0.88 annualized dividend and a yield of 0.73%. The ex-dividend date is Friday, December 20th. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio 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.