Commerce Bank Acquires 2,670 Shares of Vistra Corp. (NYSE:VST)

Commerce Bank boosted its position in shares of Vistra Corp. (NYSE:VST) by 39.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,472 shares of the company’s stock after acquiring an additional 2,670 shares during the period. Commerce Bank’s holdings in Vistra were worth $1,123,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Redwood Wealth Management Group LLC bought a new stake in shares of Vistra in the 2nd quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Vistra during the 3rd quarter worth $30,000. New Covenant Trust Company N.A. acquired a new position in Vistra during the 1st quarter worth $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 buying an additional 256 shares in the last quarter. Finally, EdgeRock Capital LLC acquired a new position in Vistra during the 2nd quarter worth $34,000. 90.88% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Morgan Stanley upped their price objective on Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a report on Friday. Guggenheim upped 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. UBS Group dropped their target price on shares of Vistra from $157.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. began coverage on shares of Vistra in a research report on Thursday, October 17th. They set an “overweight” rating and a $178.00 target price for the company. Finally, Royal Bank of Canada upped their target price 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. Ten analysts have rated the stock with a buy rating, According to MarketBeat, Vistra presently has a consensus rating of “Buy” and an average price target of $149.10.

Vistra Price Performance

VST opened at $161.92 on Monday. The company has a quick ratio of 0.99, a current ratio of 1.11 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 fifty day simple moving average of $127.24 and a 200 day simple moving average of $100.11. The stock has a market cap of $55.09 billion, a P/E ratio of 30.21, a P/E/G 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 issued a dividend of $0.221 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Friday, December 20th. This is a boost from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio is 16.42%.

Vistra declared that its board has initiated a share buyback program on Thursday, November 7th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to reacquire up to 2.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.

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.