Atria Investments Inc Sells 4,690 Shares of Vistra Corp. (NYSE:VST)

Atria Investments Inc lowered its stake in Vistra Corp. (NYSE:VST - Free Report) by 16.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,081 shares of the company's stock after selling 4,690 shares during the period. Atria Investments Inc's holdings in Vistra were worth $2,736,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Forum Financial Management LP lifted its holdings in shares of Vistra by 0.7% during the third quarter. Forum Financial Management LP now owns 11,527 shares of the company's stock worth $1,366,000 after buying an additional 80 shares during the last quarter. Umpqua Bank boosted its holdings in Vistra by 2.2% in the 3rd quarter. Umpqua Bank now owns 3,780 shares of the company's stock valued at $448,000 after purchasing an additional 81 shares during the period. Interchange Capital Partners LLC increased 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 worth $321,000 after purchasing an additional 109 shares during the period. Simplicity Wealth LLC lifted its position in shares of Vistra by 3.0% in the 2nd 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. Finally, New Century Financial Group LLC lifted its position in Vistra by 4.4% in the third quarter. New Century Financial Group LLC now owns 2,666 shares of the company's stock worth $316,000 after purchasing an additional 112 shares during the period. Institutional investors own 90.88% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. BMO Capital Markets lifted 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. JPMorgan Chase & Co. assumed coverage on Vistra in a research note on Thursday, October 17th. They issued an "overweight" rating and a $178.00 price objective on the stock. Guggenheim raised their target price on Vistra from $133.00 to $177.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. Royal Bank of Canada increased their price objective on Vistra from $105.00 to $141.00 and gave the stock an "outperform" rating in a research note on Thursday, October 3rd. Finally, BNP Paribas initiated coverage on shares of Vistra in a research note on Monday, October 14th. They issued an "outperform" rating and a $231.00 target price on the stock. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $145.40.

Vistra Stock Down 2.5 %

Shares of VST traded down $3.61 during midday trading on Thursday, hitting $138.51. The stock had a trading volume of 3,223,960 shares, compared to its average volume of 6,925,462. The firm has a market cap of $47.12 billion, a price-to-earnings ratio of 26.45 and a beta of 1.09. The company has a 50 day simple moving average of $116.89 and a two-hundred day simple moving average of $96.49. Vistra Corp. has a twelve month low of $34.25 and a twelve month high of $149.80. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.88.

Vistra declared that its board has authorized a stock repurchase program on Thursday, November 7th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 2.1% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be issued a $0.221 dividend. The ex-dividend date of this dividend is Friday, December 20th. This is an increase from Vistra's previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.64%. Vistra's dividend payout ratio (DPR) is 16.42%.

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.