Colonial River Investments LLC Invests $744,000 in Vistra Corp. (NYSE:VST)

Colonial River Investments LLC bought a new stake in Vistra Corp. (NYSE:VST) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 6,279 shares of the company’s stock, valued at approximately $744,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Forum Financial Management LP increased its position in shares of Vistra by 0.7% during the 3rd quarter. Forum Financial Management LP now owns 11,527 shares of the company’s stock worth $1,366,000 after purchasing an additional 80 shares in the last quarter. Umpqua Bank grew its stake in Vistra by 2.2% during the third quarter. Umpqua Bank now owns 3,780 shares of the company’s stock worth $448,000 after buying an additional 81 shares during the last quarter. Interchange Capital Partners LLC grew its stake in Vistra by 4.2% during the third quarter. Interchange Capital Partners LLC now owns 2,710 shares of the company’s stock worth $321,000 after buying an additional 109 shares during the last quarter. Simplicity Wealth LLC increased its holdings in shares of Vistra by 3.0% during the second quarter. Simplicity Wealth LLC now owns 3,883 shares of the company’s stock worth $334,000 after buying an additional 112 shares in the last quarter. Finally, New Century Financial Group LLC raised its stake in shares of Vistra by 4.4% in the third quarter. New Century Financial Group LLC now owns 2,666 shares of the company’s stock valued at $316,000 after acquiring an additional 112 shares during the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

Vistra Stock Performance

Shares of NYSE:VST opened at $141.90 on Friday. The stock has a market capitalization of $48.75 billion, a P/E ratio of 26.47 and a beta of 1.09. 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 Corp. has a 1-year low of $34.24 and a 1-year high of $144.77. The business has a 50-day moving average price of $113.05 and a two-hundred day moving average price of $94.99.

Vistra (NYSE:VST) last posted its quarterly earnings results 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 return on equity of 52.31% and a net margin of 12.51%. The business 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 firm earned $1.03 earnings per share. Equities analysts predict that Vistra Corp. will post 4.13 earnings per share for the current year.

Vistra declared that its Board of Directors has initiated a share buyback program on Thursday, November 7th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 2.1% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be given a dividend of $0.221 per share. This is a boost from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.88 annualized dividend and a dividend yield of 0.62%. Vistra’s payout ratio is presently 16.42%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. BNP Paribas initiated coverage on Vistra in a research report on Monday, October 14th. They set an “outperform” rating and a $231.00 price target on the stock. Royal Bank of Canada increased their target price on Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Guggenheim lifted their price target on Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. UBS Group reduced their price target 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. Finally, Jefferies Financial Group raised their price objective on shares of Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $145.40.

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.