Integrated Investment Consultants LLC Lowers Stake in Vistra Corp. (NYSE:VST)

Integrated Investment Consultants LLC trimmed its holdings in Vistra Corp. (NYSE:VST) by 22.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 12,800 shares of the company’s stock after selling 3,800 shares during the quarter. Integrated Investment Consultants LLC’s holdings in Vistra were worth $1,517,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Intech Investment Management LLC raised its stake in Vistra by 37.7% during the 3rd quarter. Intech Investment Management LLC now owns 284,639 shares of the company’s stock valued at $33,741,000 after acquiring an additional 77,991 shares during the last quarter. Citizens Financial Group Inc. RI purchased a new stake in shares of Vistra during the third quarter worth approximately $1,143,000. Moors & Cabot Inc. acquired a new stake in shares of Vistra during the third quarter worth $237,000. Portfolio Design Labs LLC purchased a new position in Vistra in the 3rd quarter valued at $1,799,000. Finally, Advisors Asset Management Inc. increased its stake in Vistra by 61.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 21,135 shares of the company’s stock valued at $2,505,000 after buying an additional 8,013 shares during the period. Institutional investors and hedge funds own 90.88% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on VST shares. Guggenheim lifted their target price on shares of Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. BNP Paribas initiated coverage on Vistra in a report on Monday, October 14th. They issued an “outperform” rating and a $231.00 price objective on the stock. 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 note on Tuesday, September 24th. Royal Bank of Canada upped their price objective on 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 equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $145.40.

Vistra Stock Down 0.2 %

Vistra stock opened at $154.61 on Thursday. Vistra Corp. has a fifty-two week low of $34.25 and a fifty-two week high of $157.72. The firm has a market capitalization of $52.60 billion, a price-to-earnings ratio of 28.85, a price-to-earnings-growth ratio of 1.99 and a beta of 1.09. The stock’s fifty day moving average is $124.02 and its two-hundred day moving average is $98.90. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11.

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 issued a dividend of $0.221 per share. This is an increase from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Friday, December 20th. Vistra’s dividend payout ratio (DPR) is 16.42%.

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

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.