2,087 Shares in Vistra Corp. (NYSE:VST) Acquired by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC bought a new position in shares of Vistra Corp. (NYSE:VST) during the third quarter, Holdings Channel.com reports. The fund bought 2,087 shares of the company’s stock, valued at approximately $247,000.

Other large investors have also recently made changes to their positions in the company. Empire Life Investments Inc. purchased a new stake in shares of Vistra during the third quarter worth approximately $23,028,000. Terra Nova Asset Management LLC purchased a new stake in shares of Vistra during the third quarter worth approximately $842,000. Czech National Bank increased its stake in shares of Vistra by 12.4% during the third quarter. Czech National Bank now owns 69,987 shares of the company’s stock worth $8,296,000 after buying an additional 7,747 shares during the period. Viking Fund Management LLC purchased a new stake in shares of Vistra during the third quarter worth approximately $1,185,000. Finally, Atria Investments Inc purchased a new position in Vistra in the first quarter valued at approximately $1,675,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Vistra Price Performance

Shares of NYSE VST opened at $142.15 on Monday. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.88. The stock has a fifty day moving average price of $119.52 and a 200 day moving average price of $97.52. Vistra Corp. has a 1-year low of $34.25 and a 1-year high of $149.80. The company has a market cap of $48.36 billion, a PE ratio of 26.52 and a beta of 1.09.

Vistra announced that its board has approved a share repurchase plan on Thursday, November 7th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to buy up to 2.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be issued a $0.221 dividend. The ex-dividend date is Friday, December 20th. This represents a $0.88 dividend on an annualized basis and a yield of 0.62%. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is 16.42%.

Analysts Set New Price Targets

Several equities analysts have commented on VST shares. Jefferies Financial Group increased their price target on shares of Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Guggenheim increased their price target on shares of Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. started coverage on shares of Vistra in a research note on Thursday, October 17th. They issued an “overweight” rating and a $178.00 price target on the stock. UBS Group dropped their price target 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. Finally, Royal Bank of Canada increased their price target on shares of Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Vistra has a consensus rating of “Buy” and a consensus target price of $145.40.

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.