TFB Advisors LLC Has $981,000 Stock Position in Vistra Corp. (NYSE:VST)

TFB Advisors LLC trimmed its stake in Vistra Corp. (NYSE:VST) by 18.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,278 shares of the company’s stock after selling 1,914 shares during the period. TFB Advisors LLC’s holdings in Vistra were worth $981,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Vistra during the 3rd quarter valued at $30,000. CVA Family Office LLC raised 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. Redwood Wealth Management Group LLC acquired a new stake in shares of Vistra in the 2nd quarter valued at $26,000. ORG Wealth Partners LLC bought a new stake in shares of Vistra during the third quarter worth $40,000. Finally, Fortitude Family Office LLC boosted its holdings in Vistra by 125.0% in the third quarter. Fortitude Family Office LLC now owns 360 shares of the company’s stock valued at $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 Price Performance

Vistra stock opened at $135.73 on Friday. The company has a market capitalization of $46.63 billion, a price-to-earnings ratio of 99.80 and a beta of 1.09. The stock’s 50 day moving average is $111.92 and its 200-day moving average is $94.28. The company has a current ratio of 0.98, a quick ratio of 0.88 and a debt-to-equity ratio of 2.89. Vistra Corp. has a 12 month low of $34.24 and a 12 month high of $143.87.

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

Vistra announced that its board has authorized a share repurchase plan on Thursday, November 7th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to repurchase up to 2.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its stock is undervalued.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be given a $0.221 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.65%. This is an increase from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date is Friday, December 20th. Vistra’s payout ratio is presently 64.71%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Morgan Stanley raised their price objective on shares of Vistra from $110.00 to $132.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. UBS Group lowered their target price on Vistra from $157.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, October 22nd. BMO Capital Markets boosted their price objective on shares of Vistra from $146.00 to $147.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. BNP Paribas began coverage on Vistra in a report on Monday, October 14th. They set an “outperform” rating and a $231.00 target price on the stock. Finally, Jefferies Financial Group boosted 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 analysts have rated the stock with a buy rating, According to data from MarketBeat, Vistra has a consensus rating of “Buy” and an average target price of $145.40.

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.