Ashton Thomas Private Wealth LLC Buys 363 Shares of Vistra Corp. (NYSE:VST)

Ashton Thomas Private Wealth LLC boosted its position in shares of Vistra Corp. (NYSE:VST) by 8.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,488 shares of the company’s stock after purchasing an additional 363 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Vistra were worth $532,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of VST. Verus Capital Partners LLC bought a new position in shares of Vistra during the third quarter worth about $529,000. Rakuten Securities Inc. grew its stake in shares of Vistra by 274.7% during the 3rd quarter. Rakuten Securities Inc. now owns 6,171 shares of the company’s stock worth $732,000 after acquiring an additional 4,524 shares in the last quarter. Entropy Technologies LP raised its holdings in shares of Vistra by 18.6% in the third quarter. Entropy Technologies LP now owns 40,578 shares of the company’s stock valued at $4,810,000 after purchasing an additional 6,353 shares during the last quarter. Apollon Wealth Management LLC acquired a new stake in shares of Vistra in the third quarter valued at approximately $231,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Vistra in the third quarter worth $66,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Stock Down 2.5 %

Shares of VST opened at $138.51 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.88 and a debt-to-equity ratio of 4.68. The stock has a market capitalization of $47.12 billion, a PE ratio of 25.84 and a beta of 1.09. The firm’s 50 day moving average is $118.14 and its 200-day moving average is $96.78. Vistra Corp. has a 12 month low of $34.25 and a 12 month high of $149.80.

Vistra declared that its Board of Directors has approved a stock buyback plan on Thursday, November 7th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to buy up to 2.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be paid a $0.221 dividend. This is an increase from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend is Friday, December 20th. Vistra’s dividend payout ratio (DPR) is presently 16.42%.

Analyst Ratings Changes

VST has been the topic of several recent research reports. Morgan Stanley lifted their price target on shares of Vistra from $110.00 to $132.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. 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 on the stock. Jefferies Financial Group increased their price target on Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. BMO Capital Markets boosted their price target on Vistra from $146.00 to $147.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. Finally, UBS Group dropped their price objective on Vistra from $157.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, October 22nd. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Vistra has an average rating of “Buy” and a consensus target price 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.