Creative Planning Acquires 7,753 Shares of Vistra Corp. (NYSE:VST)

Creative Planning boosted its holdings in Vistra Corp. (NYSE:VST) by 33.3% during the third quarter, Holdings Channel reports. The fund owned 31,052 shares of the company’s stock after purchasing an additional 7,753 shares during the period. Creative Planning’s holdings in Vistra were worth $3,681,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Redwood Wealth Management Group LLC bought a new stake in shares of Vistra during the 2nd quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Vistra in the third quarter valued at approximately $30,000. New Covenant Trust Company N.A. bought a new position in shares of Vistra during the first quarter worth approximately $32,000. CVA Family Office LLC lifted its holdings in Vistra by 1,505.9% during the 3rd quarter. CVA Family Office LLC now owns 273 shares of the company’s stock worth $32,000 after purchasing an additional 256 shares during the last quarter. Finally, EdgeRock Capital LLC bought a new stake in Vistra in the 2nd quarter valued at $34,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Price Performance

Vistra stock opened at $124.06 on Friday. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.88 and a current ratio of 0.98. Vistra Corp. has a 52 week low of $31.92 and a 52 week high of $143.87. The stock has a market capitalization of $43.11 billion, a P/E ratio of 76.11 and a beta of 1.10. The stock has a fifty day moving average of $104.43 and a 200-day moving average of $90.78.

Vistra (NYSE:VST) last posted its earnings results on Thursday, August 8th. The company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.69). The company had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $4.04 billion. Vistra had a return on equity of 21.05% and a net margin of 4.61%. During the same period last year, the company posted $1.03 EPS. On average, sell-side analysts expect that Vistra Corp. will post 4.73 earnings per share for the current fiscal year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 20th were paid a dividend of $0.2195 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date was Friday, September 20th. This is a boost from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is presently 53.37%.

Analyst Ratings Changes

Several equities analysts recently commented on VST shares. BNP Paribas initiated coverage on shares of Vistra in a research note on Monday, October 14th. They issued an “outperform” rating and a $231.00 price target on the stock. Guggenheim boosted their price objective on shares of Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. initiated coverage on shares of Vistra in a report on Thursday, October 17th. They set an “overweight” rating and a $178.00 target price on the stock. Royal Bank of Canada boosted their price target on Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Finally, UBS Group lowered their price objective on Vistra from $157.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Vistra has a consensus rating of “Buy” and a consensus target price of $145.30.

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.