Redwood Wealth Management Group LLC Invests $26,000 in Vistra Corp. (NYSE:VST)

Redwood Wealth Management Group LLC acquired a new position in shares of Vistra Corp. (NYSE:VST) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 301 shares of the company’s stock, valued at approximately $26,000.

A number of other hedge funds have also recently bought and sold shares of the company. Franklin Resources Inc. boosted its holdings in Vistra by 6.2% in the fourth quarter. Franklin Resources Inc. now owns 4,797,515 shares of the company’s stock valued at $184,800,000 after acquiring an additional 282,056 shares during the last quarter. Third Point LLC raised its stake in shares of Vistra by 27.6% during the fourth quarter. Third Point LLC now owns 4,600,000 shares of the company’s stock worth $177,192,000 after buying an additional 995,748 shares during the last quarter. Clearbridge Investments LLC lifted its holdings in Vistra by 2.4% in the fourth quarter. Clearbridge Investments LLC now owns 4,244,963 shares of the company’s stock valued at $163,516,000 after buying an additional 99,055 shares during the period. Castle Hook Partners LP boosted its stake in Vistra by 470.0% in the first quarter. Castle Hook Partners LP now owns 3,769,842 shares of the company’s stock valued at $262,569,000 after acquiring an additional 3,108,511 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in Vistra by 11.5% in the fourth quarter. Wellington Management Group LLP now owns 3,519,475 shares of the company’s stock valued at $135,570,000 after acquiring an additional 363,897 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Jefferies Financial Group started coverage on Vistra in a research note on Friday. They issued a “buy” rating and a $99.00 price target on the stock. Morgan Stanley raised their target price on Vistra from $109.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Vistra currently has a consensus rating of “Buy” and an average target price of $89.43.

Vistra Stock Performance

VST stock opened at $85.55 on Monday. Vistra Corp. has a 1-year low of $31.16 and a 1-year high of $107.24. The company has a current ratio of 0.98, a quick ratio of 0.88 and a debt-to-equity ratio of 2.89. The firm has a market cap of $29.39 billion, a PE ratio of 52.48 and a beta of 1.08. The business’s 50-day moving average price is $79.90 and its two-hundred day moving average price is $79.54.

Vistra (NYSE:VST) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.69). The business had revenue of $3.85 billion during the quarter, compared to analyst estimates of $4.04 billion. Vistra had a net margin of 4.61% and a return on equity of 21.05%. During the same quarter in the prior year, the firm posted $1.03 earnings per share. As a group, research analysts forecast that Vistra Corp. will post 4.86 earnings per share for the current year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 20th will be given a dividend of $0.2195 per share. This is an increase from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date is Friday, September 20th. This represents a $0.88 annualized dividend and a dividend yield of 1.03%. Vistra’s dividend payout ratio is currently 53.37%.

About Vistra

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.