Capital Performance Advisors LLP Makes New Investment in Vistra Corp. (NYSE:VST)

Capital Performance Advisors LLP acquired a new position in shares of Vistra Corp. (NYSE:VST) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,305 shares of the company’s stock, valued at approximately $273,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in VST. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Vistra during the 3rd quarter valued at about $30,000. CVA Family Office LLC grew its holdings in shares of Vistra by 1,505.9% during the third quarter. CVA Family Office LLC now owns 273 shares of the company’s stock valued at $32,000 after buying an additional 256 shares during the last quarter. Redwood Wealth Management Group LLC bought a new stake in shares of Vistra during the second quarter valued at approximately $26,000. ORG Wealth Partners LLC purchased a new position in Vistra in the 3rd quarter worth approximately $40,000. Finally, Fortitude Family Office LLC raised its holdings in Vistra by 125.0% in the 3rd quarter. Fortitude Family Office LLC now owns 360 shares of the company’s stock worth $43,000 after acquiring an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Vistra Stock Performance

NYSE VST traded up $1.26 during trading hours on Friday, hitting $136.99. 3,014,479 shares of the company’s stock traded hands, compared to its average volume of 6,928,426. 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 Corp. has a 52 week low of $34.24 and a 52 week high of $144.66. The firm has a market capitalization of $47.06 billion, a P/E ratio of 99.80 and a beta of 1.09. The business’s fifty day moving average price is $111.92 and its two-hundred day moving average price is $94.28.

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 analysts’ consensus estimates of $1.59 by ($0.69). Vistra had a net margin of 4.61% and a return on equity of 21.05%. The company had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $4.04 billion. During the same period in the previous year, the firm earned $1.03 earnings per share. Equities research analysts predict that Vistra Corp. will post 4.02 EPS for the current year.

Vistra declared that its Board of Directors has authorized a stock repurchase program on Thursday, November 7th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to buy up to 2.1% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be paid a $0.221 dividend. The ex-dividend date is Friday, December 20th. This is a boost from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.65%. Vistra’s dividend payout ratio is 64.71%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. BMO Capital Markets lifted their target price on Vistra from $146.00 to $147.00 and gave the stock an “outperform” rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. began coverage on Vistra in a report on Thursday, October 17th. They issued an “overweight” rating and a $178.00 price objective for the company. UBS Group lowered 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. Guggenheim lifted their price target on shares of Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Finally, BNP Paribas initiated coverage on shares of Vistra in a research report on Monday, October 14th. They set an “outperform” rating and a $231.00 price objective on the stock. Ten analysts have rated the stock with a buy rating, According to MarketBeat.com, Vistra presently has a consensus rating of “Buy” and an average target price of $145.40.

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.