GLOBALT Investments LLC GA Purchases Shares of 6,470 Vistra Corp. (NYSE:VST)

GLOBALT Investments LLC GA bought a new stake in Vistra Corp. (NYSE:VST - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 6,470 shares of the company's stock, valued at approximately $767,000.

Other hedge funds have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Vistra during the 3rd quarter worth $30,000. CVA Family Office LLC grew 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 acquiring an additional 256 shares in the last quarter. Redwood Wealth Management Group LLC acquired a new position in Vistra during the 2nd quarter worth $26,000. ORG Wealth Partners LLC acquired a new position in Vistra during the 3rd quarter worth $40,000. Finally, Fortitude Family Office LLC grew its holdings in Vistra by 125.0% during the 3rd quarter. Fortitude Family Office LLC now owns 360 shares of the company's stock worth $43,000 after acquiring an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 90.88% of the company's stock.

Vistra Stock Performance

Vistra stock traded up $8.23 on Tuesday, hitting $154.86. The company's stock had a trading volume of 6,347,533 shares, compared to its average volume of 6,902,684. The firm has a market cap of $52.69 billion, a P/E ratio of 27.33 and a beta of 1.09. 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 fifty day moving average price of $120.95 and a 200-day moving average price of $97.99. Vistra Corp. has a one year low of $34.25 and a one year high of $154.95.

Vistra declared that its board has authorized a stock repurchase plan on Thursday, November 7th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to repurchase up to 2.1% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its shares are undervalued.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be paid a dividend of $0.221 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.57%. This is a boost from Vistra's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, December 20th. Vistra's dividend payout ratio is presently 16.42%.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. BMO Capital Markets lifted 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. UBS Group cut their price objective on shares of Vistra from $157.00 to $150.00 and set a "buy" rating on the stock in a research report on Tuesday, October 22nd. Royal Bank of Canada lifted their price objective 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. Guggenheim lifted 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, Jefferies Financial Group lifted their target price on shares of Vistra from $99.00 to $137.00 and gave the company a "buy" rating in a research note on Tuesday, September 24th. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat, Vistra has an average 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.