Vistra Corp. (NYSE:VST) Shares Bought by Interchange Capital Partners LLC

Interchange Capital Partners LLC grew its position in shares of Vistra Corp. (NYSE:VST) by 4.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 2,710 shares of the company’s stock after purchasing an additional 109 shares during the quarter. Interchange Capital Partners LLC’s holdings in Vistra were worth $321,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Vistra during the 3rd quarter worth about $30,000. CVA Family Office LLC raised its holdings in Vistra by 1,505.9% in the third quarter. CVA Family Office LLC now owns 273 shares of the company’s stock valued at $32,000 after buying an additional 256 shares during the period. Redwood Wealth Management Group LLC purchased a new position in Vistra in the second quarter valued at approximately $26,000. ORG Wealth Partners LLC purchased a new position in Vistra in the third quarter valued at approximately $40,000. Finally, Fortitude Family Office LLC raised its holdings in Vistra by 125.0% in the third quarter. Fortitude Family Office LLC now owns 360 shares of the company’s stock valued at $43,000 after buying an additional 200 shares during the period. 90.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VST has been the topic of several research reports. JPMorgan Chase & Co. initiated coverage on shares of Vistra in a report on Thursday, October 17th. They issued an “overweight” rating and a $178.00 price target on the stock. Royal Bank of Canada raised their price target on shares of Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. BMO Capital Markets raised their price target on shares of Vistra from $146.00 to $147.00 and gave the company an “outperform” rating in a report on Tuesday. 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 research report on Tuesday, October 22nd. Finally, Morgan Stanley increased their price objective 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. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $145.40.

Vistra Price Performance

Shares of Vistra stock opened at $119.51 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.88 and a debt-to-equity ratio of 2.89. The company’s 50-day moving average price is $107.98 and its two-hundred day moving average price is $92.32. Vistra Corp. has a 52 week low of $33.84 and a 52 week high of $143.87. The stock has a market cap of $41.06 billion, a PE ratio of 87.88 and a beta of 1.09.

Vistra (NYSE:VST) last issued 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 the consensus estimate of $4.04 billion. During the same quarter last year, the firm posted $1.03 earnings per share. As a group, sell-side analysts anticipate that Vistra Corp. will post 4.02 EPS for the current fiscal year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors 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 represents a $0.88 dividend on an annualized basis and a yield of 0.74%. This is a boost from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is currently 64.71%.

Vistra 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.