Axxcess Wealth Management LLC Invests $742,000 in Vistra Corp. (NYSE:VST)

Axxcess Wealth Management LLC acquired a new stake in shares of Vistra Corp. (NYSE:VST - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,260 shares of the company's stock, valued at approximately $742,000.

A number of other institutional investors and hedge funds have also bought and sold shares of VST. Carmel Capital Partners LLC bought a new stake in shares of Vistra during the third quarter valued at approximately $268,000. Bridges Investment Management Inc. bought a new stake in shares of Vistra in the 3rd quarter worth $239,000. Seascape Capital Management purchased a new position in shares of Vistra in the third quarter worth $205,000. Galvin Gaustad & Stein LLC bought a new position in shares of Vistra during the third quarter valued at $238,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Vistra during the third quarter valued at $273,000. 90.88% of the stock is currently owned by institutional investors.

Vistra Stock Performance

NYSE VST traded down $0.07 on Wednesday, reaching $142.09. 3,860,820 shares of the stock were exchanged, compared to its average volume of 6,942,292. The firm has a market capitalization of $48.34 billion, a PE ratio of 26.51 and a beta of 1.09. Vistra Corp. has a one year low of $34.25 and a one year high of $149.80. The company's 50-day simple moving average is $116.89 and its two-hundred day simple moving average is $96.49. The company has a current ratio of 1.11, a quick ratio of 0.88 and a debt-to-equity ratio of 4.68.

Vistra declared that its board has authorized a share repurchase program on Thursday, November 7th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to reacquire up to 2.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

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 issued a $0.221 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.88 annualized dividend and a yield of 0.62%. This is an increase from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio is currently 16.42%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on VST. Morgan Stanley raised their price target on shares of Vistra from $110.00 to $132.00 and gave the company an "overweight" rating in a report on Monday, September 23rd. Guggenheim boosted their target price on shares of Vistra from $133.00 to $177.00 and gave the company a "buy" rating in a research note on Tuesday, October 8th. BMO Capital Markets raised their price target on Vistra from $146.00 to $147.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 29th. Royal Bank of Canada upped their price objective on Vistra from $105.00 to $141.00 and gave the company an "outperform" rating in a research report on Thursday, October 3rd. Finally, UBS Group dropped 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. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat, Vistra presently has a consensus rating of "Buy" and an average price target of $145.40.

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.