Apollon Wealth Management LLC Purchases New Holdings in Vistra Corp. (NYSE:VST)

Apollon Wealth Management LLC purchased a new stake in Vistra Corp. (NYSE:VST) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,950 shares of the company’s stock, valued at approximately $231,000.

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

Vistra Stock Performance

NYSE:VST opened at $146.64 on Tuesday. Vistra Corp. has a 1 year low of $34.25 and a 1 year high of $152.64. The firm’s fifty day simple moving average is $120.95 and its 200 day simple moving average is $97.99. The company has a current ratio of 1.11, a quick ratio of 0.88 and a debt-to-equity ratio of 4.68. The firm has a market capitalization of $49.89 billion, a PE ratio of 27.36 and a beta of 1.09.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be given a $0.221 dividend. This represents a $0.88 annualized dividend and a yield of 0.60%. This is a positive change from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date is Friday, December 20th. Vistra’s dividend payout ratio (DPR) is currently 16.42%.

Vistra announced that its board has initiated a stock repurchase program on Thursday, November 7th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 2.1% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

VST has been the subject of a number of research analyst reports. Jefferies Financial Group increased their target price on shares of Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. BMO Capital Markets raised their price target on shares of Vistra from $146.00 to $147.00 and gave the company an “outperform” rating in a report on Tuesday, October 29th. Guggenheim raised their price target on shares of Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. UBS Group cut their price target on shares of Vistra from $157.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. started coverage on shares of Vistra in a report on Thursday, October 17th. They set an “overweight” rating and a $178.00 price target on the stock. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $145.40.

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.