B. Metzler seel. Sohn & Co. Holding AG Purchases Shares of 6,643 Vistra Corp. (NYSE:VST)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Vistra Corp. (NYSE:VST) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 6,643 shares of the company’s stock, valued at approximately $787,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Vistra in the 3rd quarter worth $30,000. CVA Family Office LLC boosted its holdings in Vistra by 1,505.9% during the third 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. Redwood Wealth Management Group LLC bought a new stake in Vistra in the 2nd quarter worth about $26,000. ORG Wealth Partners LLC purchased a new stake in Vistra in the 3rd quarter valued at about $40,000. Finally, Fortitude Family Office LLC boosted its stake in shares of Vistra by 125.0% in the 3rd quarter. Fortitude Family Office LLC now owns 360 shares of the company’s stock worth $43,000 after buying an additional 200 shares during the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Royal Bank of Canada boosted their price objective on Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Jefferies Financial Group boosted their price target on shares of Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. BNP Paribas started coverage on shares of Vistra in a report on Monday, October 14th. They set an “outperform” rating and a $231.00 price objective for the company. JPMorgan Chase & Co. initiated coverage on shares of Vistra in a research note on Thursday, October 17th. They issued an “overweight” rating and a $178.00 target price on the stock. Finally, BMO Capital Markets increased their target price on shares of Vistra from $146.00 to $147.00 and gave the company an “outperform” rating in a research report on Tuesday, October 29th. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $149.10.

Vistra Trading Down 2.8 %

Shares of Vistra stock opened at $161.92 on Friday. The company’s 50-day moving average price is $127.24 and its 200-day moving average price is $100.03. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. 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 2.14 and a beta of 1.09.

Vistra Increases Dividend

The company also recently announced 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 of this dividend is Friday, December 20th. This is a boost from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a yield of 0.55%. Vistra’s dividend payout ratio is currently 16.42%.

Vistra declared that its board has approved a share repurchase plan on Thursday, November 7th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to repurchase up to 2.1% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

About Vistra

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.