Legacy Capital Group California Inc. Takes Position in Vistra Corp. (NYSE:VST)

Legacy Capital Group California Inc. bought a new position in Vistra Corp. (NYSE:VST) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 1,759 shares of the company’s stock, valued at approximately $209,000.

A number of other institutional investors have also recently bought and sold shares of VST. Spirit of America Management Corp NY raised its stake in Vistra by 36.0% during the third quarter. Spirit of America Management Corp NY now owns 13,800 shares of the company’s stock worth $1,636,000 after purchasing an additional 3,650 shares during the period. Values First Advisors Inc. increased its holdings in shares of Vistra by 46.2% during the 3rd quarter. Values First Advisors Inc. now owns 5,469 shares of the company’s stock worth $648,000 after buying an additional 1,728 shares during the last quarter. Impact Partnership Wealth LLC purchased a new position in shares of Vistra in the 3rd quarter worth $654,000. International Assets Investment Management LLC raised its position in shares of Vistra by 14,657.2% in the 3rd quarter. International Assets Investment Management LLC now owns 420,580 shares of the company’s stock worth $49,856,000 after buying an additional 417,730 shares during the period. Finally, Hartford Investment Management Co. boosted its holdings in Vistra by 3.4% in the third quarter. Hartford Investment Management Co. now owns 21,700 shares of the company’s stock valued at $2,572,000 after acquiring an additional 718 shares during the last quarter. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on VST. Guggenheim upped their price target on Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. BMO Capital Markets restated an “outperform” rating and issued a $146.00 price target (up previously from $125.00) on shares of Vistra in a report on Friday, October 4th. Jefferies Financial Group boosted their price objective on shares of Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Royal Bank of Canada raised their target price 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. Finally, UBS Group decreased their price target 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. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat, Vistra has an average rating of “Buy” and an average price target of $145.30.

Vistra Stock Performance

Shares of VST stock opened at $124.03 on Friday. The company’s fifty day moving average price is $104.43 and its two-hundred day moving average price is $90.93. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.98 and a quick ratio of 0.88. The firm has a market capitalization of $43.10 billion, a P/E ratio of 76.09 and a beta of 1.10. Vistra Corp. has a 12 month low of $31.92 and a 12 month high of $143.87.

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

Vistra Increases Dividend

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

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.