Caprock Group LLC Makes New $288,000 Investment in Vistra Corp. (NYSE:VST)

Caprock Group LLC bought a new stake in Vistra Corp. (NYSE:VST) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,430 shares of the company’s stock, valued at approximately $288,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Redwood Wealth Management Group LLC acquired a new position in Vistra in the 2nd quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Vistra during the third quarter worth approximately $30,000. New Covenant Trust Company N.A. acquired a new stake in shares of Vistra in the 1st quarter valued at $32,000. CVA Family Office LLC lifted its holdings in Vistra by 1,505.9% during the 3rd quarter. CVA Family Office LLC now owns 273 shares of the company’s stock worth $32,000 after buying an additional 256 shares during the last quarter. Finally, EdgeRock Capital LLC acquired a new position in shares of Vistra during the 2nd quarter worth about $34,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. UBS Group cut their target price on Vistra from $157.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, October 22nd. BNP Paribas assumed coverage on shares of Vistra in a report on Monday, October 14th. They set an “outperform” rating and a $231.00 price objective on the stock. BMO Capital Markets increased their target price on shares of Vistra from $146.00 to $147.00 and gave the company an “outperform” rating in a research report on Tuesday, October 29th. Jefferies Financial Group boosted their price target on shares of Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. Finally, Guggenheim raised their price objective on Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Vistra currently has an average rating of “Buy” and a consensus price target of $149.10.

Vistra Stock Down 2.8 %

VST 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 business has a 50 day moving average price of $127.24 and a two-hundred day moving average price of $100.11. 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 company has a market cap of $55.09 billion, a PE ratio of 30.21, a P/E/G ratio of 2.14 and a beta of 1.09.

Vistra declared that its Board of Directors has initiated a stock repurchase plan on Thursday, November 7th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 2.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders 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 dividend yield of 0.55%. The ex-dividend date is Friday, December 20th. This is a boost from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio is 16.42%.

Vistra 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.