Vistra Corp. (NYSE:VST) Shares Acquired by Spirit of America Management Corp NY

Spirit of America Management Corp NY boosted its holdings in Vistra Corp. (NYSE:VST) by 36.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,800 shares of the company’s stock after acquiring an additional 3,650 shares during the quarter. Spirit of America Management Corp NY’s holdings in Vistra were worth $1,636,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Terra Nova Asset Management LLC acquired a new position in shares of Vistra during the third quarter valued at $842,000. Czech National Bank increased its stake in shares of Vistra by 12.4% during the third quarter. Czech National Bank now owns 69,987 shares of the company’s stock valued at $8,296,000 after acquiring an additional 7,747 shares during the period. Viking Fund Management LLC acquired a new stake in Vistra in the third quarter worth approximately $1,185,000. Atria Investments Inc bought a new position in Vistra during the 1st quarter valued at $1,675,000. Finally, M&R Capital Management Inc. increased 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 purchasing an additional 116,787 shares during the period. Institutional investors own 90.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on VST. Guggenheim lifted their target price on Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Morgan Stanley lifted their target price 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. Jefferies Financial Group increased their price objective on Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. BMO Capital Markets restated an “outperform” rating and set a $146.00 price target (up from $125.00) on shares of Vistra in a report on Friday, October 4th. Finally, BNP Paribas started coverage on shares of Vistra in a report on Monday, October 14th. They set an “outperform” rating and a $231.00 price target on the stock. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $145.30.

Vistra Trading Down 0.4 %

Shares of VST stock opened at $125.56 on Friday. The firm has a market capitalization of $43.63 billion, a P/E ratio of 77.03 and a beta of 1.10. Vistra Corp. has a 1 year low of $31.92 and a 1 year high of $143.87. The firm’s fifty day simple moving average is $103.54 and its 200 day simple moving average is $90.43. The company has a current ratio of 0.98, a quick ratio of 0.88 and a debt-to-equity ratio of 2.89.

Vistra (NYSE:VST) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.90 earnings per share (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 company had revenue of $3.85 billion during the quarter, compared to analyst estimates of $4.04 billion. During the same quarter in the prior year, the business earned $1.03 earnings per share. As a group, sell-side analysts predict that Vistra Corp. will post 4.73 EPS for the current year.

Vistra Increases Dividend

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

About Vistra

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.