Cornercap Investment Counsel Inc. Sells 7,419 Shares of Vistra Corp. (NYSE:VST)

Cornercap Investment Counsel Inc. decreased its stake in shares of Vistra Corp. (NYSE:VST - Free Report) by 31.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,883 shares of the company's stock after selling 7,419 shares during the period. Vistra accounts for 0.6% of Cornercap Investment Counsel Inc.'s portfolio, making the stock its 15th largest position. Cornercap Investment Counsel Inc.'s holdings in Vistra were worth $1,883,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in VST. CIBC Asset Management Inc lifted its position in shares of Vistra by 12.4% in the 3rd quarter. CIBC Asset Management Inc now owns 50,380 shares of the company's stock worth $5,972,000 after buying an additional 5,575 shares during the last quarter. OneDigital Investment Advisors LLC grew its stake in shares of Vistra by 3.0% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,809 shares of the company's stock worth $333,000 after purchasing an additional 81 shares during the last quarter. Balboa Wealth Partners acquired a new stake in shares of Vistra during the third quarter worth approximately $212,000. Metis Global Partners LLC boosted its holdings in shares of Vistra by 129.4% during the third quarter. Metis Global Partners LLC now owns 24,169 shares of the company's stock worth $2,865,000 after purchasing an additional 13,634 shares during the period. Finally, CloudAlpha Capital Management Limited Hong Kong lifted its stake in Vistra by 2,139.3% in the third quarter. CloudAlpha Capital Management Limited Hong Kong now owns 447,768 shares of the company's stock valued at $53,078,000 after acquiring an additional 427,772 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.

Analyst Ratings Changes

VST has been the subject of a number of analyst reports. 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 note on Tuesday, October 29th. Royal Bank of Canada lifted their price target on shares of Vistra from $105.00 to $141.00 and gave the company an "outperform" rating in a research report on Thursday, October 3rd. BNP Paribas started coverage on shares of Vistra in a research report on Monday, October 14th. They issued an "outperform" rating and a $231.00 price target on the stock. Guggenheim boosted their target price on shares of Vistra from $133.00 to $177.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. started 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. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $145.40.

Vistra Stock Up 2.7 %

Shares of VST traded up $3.69 during mid-day trading on Friday, hitting $142.15. 3,534,150 shares of the company's stock were exchanged, compared to its average volume of 6,910,237. Vistra Corp. has a 52 week low of $34.25 and a 52 week 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. The company has a 50-day simple moving average of $118.14 and a 200 day simple moving average of $96.78. The company has a market cap of $48.36 billion, a PE ratio of 26.46 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. Investors of record on Friday, December 20th will be paid a $0.221 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend is Friday, December 20th. This is an increase from Vistra's previous quarterly dividend of $0.22. Vistra's payout ratio is 16.42%.

Vistra declared that its board has initiated a share buyback plan on Thursday, November 7th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 2.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

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.