Apollon Wealth Management LLC Makes New $231,000 Investment in Vistra Corp. (NYSE:VST)

Apollon Wealth Management LLC purchased a new position in Vistra Corp. (NYSE:VST) during the 3rd quarter, Holdings Channel reports. The firm purchased 1,950 shares of the company’s stock, valued at approximately $231,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Redwood Wealth Management Group LLC acquired a new stake in shares of Vistra during the 2nd quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Vistra during the 3rd quarter valued at about $30,000. New Covenant Trust Company N.A. acquired a new stake in shares of Vistra during the 1st quarter valued at about $32,000. CVA Family Office LLC boosted its position in shares of Vistra by 1,505.9% during the 3rd quarter. CVA Family Office LLC now owns 273 shares of the company’s stock valued at $32,000 after acquiring an additional 256 shares in the last quarter. Finally, EdgeRock Capital LLC acquired a new stake in shares of Vistra during the 2nd quarter valued at about $34,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on VST shares. Guggenheim lifted their target price on shares of Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. BMO Capital Markets lifted their price target on shares of Vistra from $146.00 to $147.00 and gave the company an “outperform” rating in a report on Tuesday, October 29th. BNP Paribas started coverage on shares of Vistra in a research report on Monday, October 14th. They issued an “outperform” rating and a $231.00 price target on the stock. Morgan Stanley boosted their price target on shares of Vistra from $110.00 to $132.00 and gave the company an “overweight” rating in a research report on Monday, September 23rd. Finally, UBS Group reduced their price target on shares of Vistra from $157.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, October 22nd. Ten analysts have rated the stock with a buy rating, According to MarketBeat.com, Vistra currently has a consensus rating of “Buy” and a consensus target price of $145.40.

Vistra Price Performance

Shares of VST stock opened at $146.64 on Tuesday. Vistra Corp. has a 1 year low of $34.25 and a 1 year high of $152.64. The firm’s 50 day moving average is $120.95 and its 200-day moving average is $97.99. The firm has a market capitalization of $49.89 billion, a price-to-earnings ratio of 27.36 and a beta of 1.09. The company has a current ratio of 1.11, a quick ratio of 0.88 and a debt-to-equity ratio of 4.68.

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

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be given a dividend of $0.221 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.60%. This is a positive change from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date is Friday, December 20th. Vistra’s dividend payout ratio is presently 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.