Ashton Thomas Securities LLC Acquires Shares of 555 Vistra Corp. (NYSE:VST)

Ashton Thomas Securities LLC acquired a new stake in shares of Vistra Corp. (NYSE:VST) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 555 shares of the company’s stock, valued at approximately $66,000.

A number of other institutional investors and hedge funds also recently modified their holdings of VST. Redwood Wealth Management Group LLC acquired a new stake in shares of Vistra during the second quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Vistra during the 3rd quarter valued at about $30,000. New Covenant Trust Company N.A. acquired a new position in Vistra during the 1st quarter valued at about $32,000. CVA Family Office LLC boosted its position in shares of Vistra by 1,505.9% during the 3rd quarter. CVA Family Office LLC now owns 273 shares of the company’s stock valued at $32,000 after purchasing an additional 256 shares in the last quarter. Finally, EdgeRock Capital LLC bought a new position in shares of Vistra during the 2nd quarter valued at about $34,000. 90.88% of the stock is owned by institutional investors and hedge funds.

Vistra Trading Down 2.5 %

Shares of Vistra stock opened at $142.15 on Wednesday. The business has a fifty day simple moving average of $115.58 and a two-hundred day simple moving average of $96.17. Vistra Corp. has a 1 year low of $34.24 and a 1 year high of $149.80. The company has a market capitalization of $48.84 billion, a price-to-earnings ratio of 26.52 and a beta of 1.09. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.98 and a quick ratio of 0.88.

Vistra declared that its board has initiated a share buyback plan on Thursday, November 7th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 2.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be issued a dividend of $0.221 per share. The ex-dividend date is Friday, December 20th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.62%. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is currently 16.42%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. UBS Group dropped their target price on shares of Vistra from $157.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, October 22nd. Jefferies Financial Group lifted their target price on shares of Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. BMO Capital Markets lifted their target price on shares of Vistra from $146.00 to $147.00 and gave the company an “outperform” rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. initiated coverage on shares of Vistra in a research note on Thursday, October 17th. They issued an “overweight” rating and a $178.00 price objective for the company. Finally, Royal Bank of Canada upped 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. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $145.40.

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.