National Pension Service Grows Stock Position in Vistra Corp. (NYSE:VST)

by · The Markets Daily

National Pension Service boosted its position in shares of Vistra Corp. (NYSE:VST – Free Report) by 64.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 688,370 shares of the company’s stock after buying an additional 269,666 shares during the quarter. National Pension Service owned 0.20% of Vistra worth $81,599,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Forum Financial Management LP raised its holdings in shares of Vistra by 0.7% in the third quarter. Forum Financial Management LP now owns 11,527 shares of the company’s stock worth $1,366,000 after buying an additional 80 shares during the period. Interchange Capital Partners LLC increased its stake in Vistra by 4.2% in the third quarter. Interchange Capital Partners LLC now owns 2,710 shares of the company’s stock worth $321,000 after purchasing an additional 109 shares during the period. Simplicity Wealth LLC lifted its position in shares of 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 purchasing an additional 112 shares during the last quarter. New Century Financial Group LLC boosted its stake in shares of Vistra by 4.4% during the third 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 during the period. Finally, Nvwm LLC grew its holdings in shares of Vistra by 1.3% in the third quarter. Nvwm LLC now owns 10,446 shares of the company’s stock worth $1,238,000 after purchasing an additional 138 shares during the last quarter. Institutional investors own 90.88% of the company’s stock.

Vistra Stock Up 5.3 %

NYSE:VST opened at $121.87 on Wednesday. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.88 and a current ratio of 0.98. The stock has a market capitalization of $41.87 billion, a P/E ratio of 89.61 and a beta of 1.09. The company’s 50-day simple moving average is $110.02 and its 200-day simple moving average is $93.77. Vistra Corp. has a fifty-two week low of $33.84 and a fifty-two week high of $143.87.

Vistra (NYSE:VST – Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.69). Vistra had a return on equity of 21.05% and a net margin of 4.61%. The firm had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $4.04 billion. During the same period in the prior year, the firm posted $1.03 earnings per share. On average, equities analysts anticipate that Vistra Corp. will post 4.02 earnings per share for the current fiscal year.

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 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 yield of 0.73%. Vistra’s dividend payout ratio (DPR) is 64.71%.

Wall Street Analyst Weigh In

VST has been the subject of several research reports. Royal Bank of Canada boosted their price objective 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. Guggenheim boosted their price target on Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. BNP Paribas began coverage on Vistra in a report on Monday, October 14th. They set an “outperform” rating and a $231.00 price objective on the stock. JPMorgan Chase & Co. began coverage on Vistra in a report on Thursday, October 17th. They issued an “overweight” rating and a $178.00 target price for the company. Finally, Jefferies Financial Group raised their price target on Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Vistra presently has an average rating of “Buy” and a consensus target price of $145.40.

Read Our Latest Stock Report on VST

About Vistra

(Free Report)

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.

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