Harvest Fund Management Co. Ltd Reduces Holdings in Vistra Corp. (NYSE:VST)

Harvest Fund Management Co. Ltd trimmed its holdings in shares of Vistra Corp. (NYSE:VST) by 11.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,608 shares of the company’s stock after selling 2,708 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Vistra were worth $2,443,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Vistra in the 3rd quarter worth $30,000. CVA Family Office LLC lifted its position in shares of Vistra by 1,505.9% during 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 in the last quarter. Redwood Wealth Management Group LLC purchased a new position in shares of Vistra during the 2nd quarter valued at $26,000. ORG Wealth Partners LLC purchased a new position in Vistra in the 3rd quarter worth approximately $40,000. Finally, Fortitude Family Office LLC grew its holdings in Vistra by 125.0% during the 3rd quarter. Fortitude Family Office LLC now owns 360 shares of the company’s stock valued at $43,000 after buying an additional 200 shares in the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. BNP Paribas began coverage on shares of Vistra in a research report on Monday, October 14th. They set an “outperform” rating and a $231.00 target price for the company. BMO Capital Markets lifted their target price on Vistra from $146.00 to $147.00 and gave the stock an “outperform” rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. started coverage on shares of Vistra in a research report on Thursday, October 17th. They set an “overweight” rating and a $178.00 price objective for the company. Guggenheim increased their price target on Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Finally, Royal Bank of Canada boosted their price objective on Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $149.10.

Vistra Stock Performance

Shares of VST stock opened at $161.92 on Monday. Vistra Corp. has a 52-week low of $34.61 and a 52-week high of $168.67. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. The stock has a market cap of $55.09 billion, a PE ratio of 30.21, a price-to-earnings-growth ratio of 2.08 and a beta of 1.09. The business has a 50-day simple moving average of $127.24 and a 200-day simple moving average of $100.11.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be paid a $0.221 dividend. This is a boost from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend is Friday, December 20th. Vistra’s payout ratio is currently 16.42%.

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

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.