Vistra Corp. (NYSE:VST) Shares Purchased by Independent Advisor Alliance

Independent Advisor Alliance raised its stake in Vistra Corp. (NYSE:VST) by 345.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 51,209 shares of the company’s stock after acquiring an additional 39,708 shares during the quarter. Independent Advisor Alliance’s holdings in Vistra were worth $6,070,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Vistra during the 3rd quarter valued at approximately $30,000. CVA Family Office LLC grew its position in 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 period. Redwood Wealth Management Group LLC purchased a new position in Vistra in the second quarter valued at $26,000. ORG Wealth Partners LLC purchased a new position in Vistra in the third quarter valued at $40,000. Finally, Fortitude Family Office LLC raised its position in shares of Vistra by 125.0% in the third 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 period. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on VST. Guggenheim lifted 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. Morgan Stanley boosted their price objective on Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a research report on Friday. JPMorgan Chase & Co. assumed coverage on Vistra in a research report on Thursday, October 17th. They set an “overweight” rating and a $178.00 target price on the stock. Jefferies Financial Group upped their price objective on shares of Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Finally, Royal Bank of Canada lifted their target price on shares of Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $149.10.

Vistra Stock Down 2.8 %

VST stock opened at $161.92 on Monday. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. The firm has a 50-day moving average of $127.24 and a two-hundred day moving average of $100.11. Vistra Corp. has a 12 month low of $34.61 and a 12 month high of $168.67. The company has a market cap of $55.09 billion, a price-to-earnings ratio of 30.21, a PEG ratio of 2.08 and a beta of 1.09.

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

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 dividend of $0.221 per share. The ex-dividend date is Friday, December 20th. This represents a $0.88 dividend on an annualized basis and a yield of 0.55%. This is a positive change from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is 16.42%.

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.