Pittenger & Anderson Inc. Purchases New Shares in Vistra Corp. (NYSE:VST)

Pittenger & Anderson Inc. purchased a new stake in shares of Vistra Corp. (NYSE:VST) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,000 shares of the company’s stock, valued at approximately $119,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Redwood Wealth Management Group LLC bought a new position in Vistra in the 2nd quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Vistra in the 3rd quarter valued at $30,000. New Covenant Trust Company N.A. bought a new position in Vistra in the 1st quarter valued at $32,000. CVA Family Office LLC boosted 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 valued at $32,000 after buying an additional 256 shares during the last quarter. Finally, EdgeRock Capital LLC bought a new position in Vistra in the 2nd quarter valued at $34,000. 90.88% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on VST. UBS Group decreased their price objective on Vistra from $157.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. started coverage on Vistra in a research report on Thursday, October 17th. They issued an “overweight” rating and a $178.00 price objective on the stock. Morgan Stanley raised their price target on Vistra from $110.00 to $132.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. BNP Paribas started coverage on Vistra in a research report on Monday, October 14th. They issued an “outperform” rating and a $231.00 price target on the stock. Finally, Jefferies Financial Group raised their price target on Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Ten research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $145.40.

Vistra Stock Performance

Shares of Vistra stock opened at $121.87 on Wednesday. The company has a market capitalization of $41.87 billion, a PE ratio of 89.61 and a beta of 1.09. Vistra Corp. has a 12 month low of $33.84 and a 12 month high of $143.87. 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 stock’s fifty day simple moving average is $110.02 and its 200 day simple moving average is $93.77.

Vistra (NYSE:VST) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.69). The business had revenue of $3.85 billion for the quarter, compared to analyst estimates of $4.04 billion. Vistra had a return on equity of 21.05% and a net margin of 4.61%. During the same period in the previous year, the business posted $1.03 EPS. On average, research analysts predict that Vistra Corp. will post 4.02 EPS for the current year.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be paid a dividend of $0.221 per share. This represents a $0.88 annualized dividend and a yield of 0.73%. The ex-dividend date is Friday, December 20th. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is presently 64.71%.

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.