KPP Advisory Services LLC Invests $270,000 in Vistra Corp. (NYSE:VST)

KPP Advisory Services LLC acquired a new stake in shares of Vistra Corp. (NYSE:VST) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,280 shares of the company’s stock, valued at approximately $270,000.

Several other large investors have also recently added to or reduced their stakes in VST. Redwood Wealth Management Group LLC purchased a new position in shares of Vistra during the 2nd quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Vistra during the third quarter valued at $30,000. New Covenant Trust Company N.A. purchased a new position in Vistra in the first quarter valued at about $32,000. CVA Family Office LLC increased its position in Vistra by 1,505.9% in the 3rd quarter. CVA Family Office LLC now owns 273 shares of the company’s stock worth $32,000 after purchasing an additional 256 shares during the last quarter. Finally, EdgeRock Capital LLC purchased a new stake in shares of Vistra during the 2nd quarter worth about $34,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Trading Up 2.7 %

Vistra stock opened at $142.15 on Friday. The business’s 50-day simple moving average is $119.52 and its 200-day simple moving average is $97.38. Vistra Corp. has a 52 week low of $34.25 and a 52 week high of $149.80. The firm has a market capitalization of $48.36 billion, a PE ratio of 26.52 and a beta of 1.09. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.88 and a current ratio of 1.11.

Vistra announced that its board has initiated a stock repurchase program on Thursday, November 7th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 2.1% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Vistra Increases Dividend

The business also recently disclosed 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. 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 dividend payout ratio (DPR) is presently 16.42%.

Analyst Ratings Changes

Several brokerages recently commented on VST. Jefferies Financial Group boosted their price target on Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Guggenheim boosted their target price on shares of Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Morgan Stanley raised their price target on shares of Vistra from $110.00 to $132.00 and gave the company an “overweight” rating in a report on Monday, September 23rd. Royal Bank of Canada upped their price objective on shares of Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Finally, BMO Capital Markets raised their target price on Vistra from $146.00 to $147.00 and gave the company an “outperform” rating in a report on Tuesday, October 29th. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus 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.