L & S Advisors Inc Takes Position in Vistra Corp. (NYSE:VST)

L & S Advisors Inc purchased a new position in Vistra Corp. (NYSE:VST) in the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 61,904 shares of the company’s stock, valued at approximately $7,338,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Redwood Wealth Management Group LLC bought a new stake in Vistra during the 2nd quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Vistra during the third quarter valued at about $30,000. New Covenant Trust Company N.A. purchased a new position in Vistra in the first quarter valued at about $32,000. CVA Family Office LLC raised its holdings in Vistra by 1,505.9% in the third quarter. CVA Family Office LLC now owns 273 shares of the company’s stock worth $32,000 after purchasing an additional 256 shares in the last quarter. Finally, EdgeRock Capital LLC purchased a new stake in shares of Vistra during the second quarter valued at about $34,000. 90.88% of the stock is currently owned by institutional investors.

Vistra Trading Up 2.0 %

VST opened at $157.70 on Thursday. Vistra Corp. has a 12 month low of $34.25 and a 12 month high of $157.72. The stock has a market capitalization of $53.65 billion, a price-to-earnings ratio of 28.85, a PEG ratio of 1.99 and a beta of 1.09. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. The business has a fifty day moving average price of $124.02 and a 200 day moving average price of $98.90.

Vistra announced that its board has authorized a stock buyback plan on Thursday, November 7th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to repurchase up to 2.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be issued a dividend of $0.221 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.56%. This is an increase from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, December 20th. Vistra’s payout ratio is 16.42%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. BMO Capital Markets raised their target price on shares of Vistra from $146.00 to $147.00 and gave the company an “outperform” rating in a research note on Tuesday, October 29th. Jefferies Financial Group upped their price target on Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Guggenheim increased their price target on Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. BNP Paribas began coverage on Vistra in a research note on Monday, October 14th. They issued an “outperform” rating and a $231.00 price target for the company. Finally, UBS Group decreased their price target on Vistra from $157.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, October 22nd. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target 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.