First American Bank Buys New Holdings in Vistra Corp. (NYSE:VST)

First American Bank bought a new stake in shares of Vistra Corp. (NYSE:VST) in the 3rd quarter, Holdings Channel.com reports. The firm bought 15,068 shares of the company’s stock, valued at approximately $1,786,000.

Several other institutional investors also recently bought and sold shares of VST. Simplicity Wealth LLC raised its position in Vistra by 3.0% during the 2nd quarter. Simplicity Wealth LLC now owns 3,883 shares of the company’s stock valued at $334,000 after purchasing an additional 112 shares during the last quarter. New Century Financial Group LLC raised its position in Vistra by 4.4% during the 3rd quarter. New Century Financial Group LLC now owns 2,666 shares of the company’s stock valued at $316,000 after purchasing an additional 112 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its position in Vistra by 38.6% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 557 shares of the company’s stock valued at $48,000 after purchasing an additional 155 shares during the last quarter. Apella Capital LLC raised its position in Vistra by 4.9% during the 3rd quarter. Apella Capital LLC now owns 3,542 shares of the company’s stock valued at $444,000 after purchasing an additional 164 shares during the last quarter. Finally, V Square Quantitative Management LLC raised its position in Vistra by 7.2% during the 3rd quarter. V Square Quantitative Management LLC now owns 2,461 shares of the company’s stock valued at $292,000 after purchasing an additional 165 shares during the last quarter. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Vistra Stock Down 1.2 %

VST stock opened at $124.03 on Monday. Vistra Corp. has a twelve month low of $31.92 and a twelve month high of $143.87. 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 firm has a market cap of $42.61 billion, a PE ratio of 91.20 and a beta of 1.10. The business has a 50 day moving average of $104.43 and a 200 day moving average of $91.07.

Vistra (NYSE:VST) last posted its quarterly earnings data 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). Vistra had a net margin of 4.61% and a return on equity of 21.05%. The company had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $4.04 billion. During the same period last year, the business earned $1.03 EPS. On average, research analysts forecast that Vistra Corp. will post 4.02 EPS for the current fiscal year.

Vistra Increases Dividend

The firm also recently announced 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. This represents a $0.88 annualized dividend and a yield of 0.71%. This is an increase from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, September 20th. Vistra’s dividend payout ratio (DPR) is currently 64.71%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Royal Bank of Canada upped their price target on Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. UBS Group decreased their target price on Vistra from $157.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, October 22nd. Jefferies Financial Group increased their target price on Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Morgan Stanley increased their target price on Vistra from $110.00 to $132.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. Finally, BNP Paribas started coverage on Vistra in a research report on Monday, October 14th. They issued an “outperform” rating and a $231.00 target price for the company. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Vistra presently has a consensus rating of “Buy” and an average target price 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.