Vision Capital Corp Invests $25.96 Million in Vistra Corp. (NYSE:VST)

Vision Capital Corp bought a new stake in shares of Vistra Corp. (NYSE:VST) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 219,000 shares of the company’s stock, valued at approximately $25,960,000. Vistra makes up 4.2% of Vision Capital Corp’s investment portfolio, making the stock its 5th largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of VST. Redwood Wealth Management Group LLC bought a new position in shares of Vistra during the 2nd quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Vistra in the 3rd quarter worth approximately $30,000. New Covenant Trust Company N.A. purchased a new stake in shares of Vistra during the 1st quarter worth approximately $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 acquiring an additional 256 shares during the last quarter. Finally, EdgeRock Capital LLC purchased a new position in shares of Vistra in the second quarter valued at $34,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Vistra Stock Performance

VST stock opened at $164.71 on Monday. Vistra Corp. has a twelve month low of $34.70 and a twelve month high of $168.67. The firm has a market cap of $56.04 billion, a price-to-earnings ratio of 30.21, a PEG ratio of 2.08 and a beta of 1.09. The business’s fifty day simple moving average is $127.24 and its two-hundred day simple moving average is $100.11. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68.

Vistra declared that its Board of Directors has approved 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 repurchase up to 2.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its stock is undervalued.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be paid a $0.221 dividend. This represents a $0.88 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Friday, December 20th. 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 equities analysts have commented on the stock. Morgan Stanley increased their price objective on shares of Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a research report on Friday. UBS Group dropped their price target on Vistra from $157.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, October 22nd. BNP Paribas assumed coverage on Vistra in a research report on Monday, October 14th. They set an “outperform” rating and a $231.00 price objective on the stock. Jefferies Financial Group lifted their target price on Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Finally, JPMorgan Chase & Co. began coverage on Vistra in a report on Thursday, October 17th. They set an “overweight” rating and a $178.00 price target on the stock. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Vistra has an average rating of “Buy” and an average price target of $149.10.

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.