Vistra Corp. (NYSE:VST) Shares Purchased by Hartford Investment Management Co.

Hartford Investment Management Co. raised its stake in Vistra Corp. (NYSE:VST) by 3.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,700 shares of the company’s stock after acquiring an additional 718 shares during the quarter. Hartford Investment Management Co.’s holdings in Vistra were worth $2,572,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Terra Nova Asset Management LLC acquired a new position in shares of Vistra in the 3rd quarter valued at $842,000. Czech National Bank raised its position in shares of Vistra by 12.4% in the third quarter. Czech National Bank now owns 69,987 shares of the company’s stock worth $8,296,000 after acquiring an additional 7,747 shares during the period. Viking Fund Management LLC purchased a new stake in shares of Vistra during the 3rd quarter worth about $1,185,000. Atria Investments Inc purchased a new stake in shares of Vistra during the 1st quarter worth about $1,675,000. Finally, M&R Capital Management Inc. grew its position in shares of Vistra by 38,929.0% during the 3rd quarter. M&R Capital Management Inc. now owns 117,087 shares of the company’s stock valued at $13,879,000 after acquiring an additional 116,787 shares during the period. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Vistra Price Performance

Shares of NYSE VST opened at $125.56 on Friday. The firm has a 50-day simple moving average of $103.54 and a 200-day simple moving average of $90.43. The company has a quick ratio of 0.88, a current ratio of 0.98 and a debt-to-equity ratio of 2.89. The stock has a market capitalization of $43.63 billion, a price-to-earnings ratio of 77.03 and a beta of 1.10. Vistra Corp. has a 52 week low of $31.92 and a 52 week high of $143.87.

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

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 20th were paid a dividend of $0.2195 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $0.88 dividend on an annualized basis and a yield of 0.70%. This is a positive change from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is 53.37%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Jefferies Financial Group increased their price target on Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. JPMorgan Chase & Co. assumed coverage on Vistra in a research report on Thursday, October 17th. They set an “overweight” rating and a $178.00 target price on the stock. BNP Paribas started coverage on shares of Vistra in a report on Monday, October 14th. They issued an “outperform” rating and a $231.00 price target for the company. Morgan Stanley upped their price objective on shares of Vistra from $110.00 to $132.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. Finally, Royal Bank of Canada lifted 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 equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Vistra currently has a consensus rating of “Buy” and a consensus price target of $145.30.

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.