Okabena Investment Services Inc. Grows Stake in Vistra Corp. (NYSE:VST)

Okabena Investment Services Inc. lifted its stake in Vistra Corp. (NYSE:VST) by 14.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,303 shares of the company’s stock after buying an additional 679 shares during the period. Okabena Investment Services Inc.’s holdings in Vistra were worth $629,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of VST. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Vistra in the 3rd quarter worth approximately $30,000. CVA Family Office LLC increased its stake in Vistra by 1,505.9% during the 3rd quarter. CVA Family Office LLC now owns 273 shares of the company’s stock worth $32,000 after buying an additional 256 shares during the period. Redwood Wealth Management Group LLC acquired a new position in Vistra in the 2nd quarter worth $26,000. ORG Wealth Partners LLC acquired a new stake in shares of Vistra during the third quarter valued at about $40,000. Finally, Fortitude Family Office LLC increased its position in shares of Vistra by 125.0% during the third quarter. Fortitude Family Office LLC now owns 360 shares of the company’s stock worth $43,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Stock Down 2.8 %

Shares of Vistra stock opened at $161.92 on Friday. The stock has a market capitalization of $55.09 billion, a price-to-earnings ratio of 30.21, a PEG ratio of 2.14 and a beta of 1.09. Vistra Corp. has a twelve month low of $34.61 and a twelve month high of $168.67. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. The business’s 50 day simple moving average is $127.24 and its 200-day simple moving average is $100.03.

Vistra declared that its board has initiated a share repurchase plan on Thursday, November 7th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to purchase up to 2.1% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders 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. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.88 annualized dividend and a dividend yield of 0.55%. Vistra’s payout ratio is 16.42%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on VST. JPMorgan Chase & Co. assumed coverage on Vistra in a research note on Thursday, October 17th. They set an “overweight” rating and a $178.00 price objective for the company. UBS Group dropped their price target on shares of Vistra from $157.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, October 22nd. Jefferies Financial Group upped their price target on shares of Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. BMO Capital Markets raised their price objective on shares of Vistra from $146.00 to $147.00 and gave the stock an “outperform” rating in a report on Tuesday, October 29th. Finally, BNP Paribas began coverage on shares of Vistra in a research report on Monday, October 14th. They issued an “outperform” rating and a $231.00 target price for the company. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $149.10.

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.