GLOBALT Investments LLC GA Purchases New Shares in Vistra Corp. (NYSE:VST)

GLOBALT Investments LLC GA purchased a new position in shares of Vistra Corp. (NYSE:VST) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 6,470 shares of the company’s stock, valued at approximately $767,000.

Several other hedge funds and other institutional investors have also bought and sold shares of VST. Redwood Wealth Management Group LLC bought a new stake in Vistra during the 2nd quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Vistra in the third quarter worth $30,000. New Covenant Trust Company N.A. bought a new stake in Vistra during the first quarter valued at $32,000. CVA Family Office LLC grew its position 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 buying an additional 256 shares in the last quarter. Finally, EdgeRock Capital LLC purchased a new position in Vistra during the second quarter worth about $34,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Vistra Stock Performance

Shares of NYSE VST opened at $146.64 on Tuesday. The stock has a market cap of $49.89 billion, a PE ratio of 27.36 and a beta of 1.09. Vistra Corp. has a 1 year low of $34.25 and a 1 year high of $152.64. The firm has a fifty day moving average price of $120.95 and a 200-day moving average price of $97.99. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99.

Vistra announced that its Board of Directors has initiated a stock repurchase plan on Thursday, November 7th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 2.1% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be given a $0.221 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.60%. This is an increase from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date is Friday, December 20th. Vistra’s payout ratio is presently 16.42%.

Analysts Set New Price Targets

VST has been the subject of a number of research reports. BNP Paribas began coverage on Vistra in a report on Monday, October 14th. They issued an “outperform” rating and a $231.00 price objective for the company. Morgan Stanley increased 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. UBS Group lowered their price objective on shares of Vistra from $157.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, October 22nd. Guggenheim increased their target price on shares of Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Finally, BMO Capital Markets boosted their price target on shares of Vistra from $146.00 to $147.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat, Vistra presently has an average rating of “Buy” and an average price target of $145.40.

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.