Banque Cantonale Vaudoise Cuts Stock Holdings in Vistra Corp. (NYSE:VST)

Banque Cantonale Vaudoise reduced its position in Vistra Corp. (NYSE:VST) by 42.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,967 shares of the company’s stock after selling 2,203 shares during the period. Banque Cantonale Vaudoise’s holdings in Vistra were worth $352,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Forum Financial Management LP raised its stake in shares of Vistra by 0.7% in the third quarter. Forum Financial Management LP now owns 11,527 shares of the company’s stock worth $1,366,000 after purchasing an additional 80 shares during the last quarter. Umpqua Bank raised its position in Vistra by 2.2% in the 3rd quarter. Umpqua Bank now owns 3,780 shares of the company’s stock worth $448,000 after buying an additional 81 shares during the last quarter. OneDigital Investment Advisors LLC lifted its stake in Vistra by 3.0% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,809 shares of the company’s stock valued at $333,000 after acquiring an additional 81 shares during the period. Interchange Capital Partners LLC boosted its holdings in shares of Vistra by 4.2% during the 3rd quarter. Interchange Capital Partners LLC now owns 2,710 shares of the company’s stock valued at $321,000 after acquiring an additional 109 shares during the last quarter. Finally, Simplicity Wealth LLC grew its stake in shares of Vistra by 3.0% in the second quarter. Simplicity Wealth LLC now owns 3,883 shares of the company’s stock worth $334,000 after acquiring an additional 112 shares during the period. 90.88% of the stock is owned by institutional investors.

Vistra Stock Performance

NYSE:VST opened at $165.53 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. Vistra Corp. has a 12-month low of $34.25 and a 12-month high of $167.60. The stock has a 50-day moving average price of $125.72 and a 200 day moving average price of $99.36. The stock has a market capitalization of $56.32 billion, a P/E ratio of 30.88, a P/E/G ratio of 1.99 and a beta of 1.09.

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

Vistra Increases Dividend

The business 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 dividend of $0.221 per share. This represents a $0.88 annualized dividend and a yield of 0.53%. This is a boost from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date is Friday, December 20th. Vistra’s dividend payout ratio (DPR) is presently 16.42%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group raised their target price on shares of Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. JPMorgan Chase & Co. initiated coverage on shares of Vistra in a research note on Thursday, October 17th. They set an “overweight” rating and a $178.00 price target on the stock. UBS Group reduced their price objective on Vistra from $157.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, October 22nd. Morgan Stanley lifted their target price on Vistra from $110.00 to $132.00 and gave the company an “overweight” rating in a research report on Monday, September 23rd. Finally, BNP Paribas assumed coverage on Vistra in a research note on Monday, October 14th. They issued an “outperform” rating and a $231.00 price objective on the stock. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target 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.