Vistra Corp. (NYSE:VST) Shares Bought by Meeder Asset Management Inc.

Meeder Asset Management Inc. boosted its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 34.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,520 shares of the company's stock after acquiring an additional 4,010 shares during the quarter. Meeder Asset Management Inc.'s holdings in Vistra were worth $1,840,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Forum Financial Management LP increased its position in shares of Vistra by 0.7% during the 3rd quarter. Forum Financial Management LP now owns 11,527 shares of the company's stock worth $1,366,000 after purchasing an additional 80 shares during the last quarter. Umpqua Bank increased its position in shares of Vistra by 2.2% during the third quarter. Umpqua Bank now owns 3,780 shares of the company's stock valued at $448,000 after acquiring an additional 81 shares during the last quarter. OneDigital Investment Advisors LLC raised 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 valued at $333,000 after acquiring an additional 81 shares during the period. Interchange Capital Partners LLC lifted its holdings in shares of Vistra by 4.2% in the 3rd quarter. Interchange Capital Partners LLC now owns 2,710 shares of the company's stock worth $321,000 after acquiring an additional 109 shares during the last quarter. Finally, Simplicity Wealth LLC increased its holdings in Vistra by 3.0% in the 2nd quarter. Simplicity Wealth LLC now owns 3,883 shares of the company's stock valued at $334,000 after purchasing an additional 112 shares during the last quarter. Hedge funds and other institutional investors own 90.88% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on VST. BMO Capital Markets upped 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. Guggenheim boosted their price target on shares of Vistra from $133.00 to $177.00 and gave the stock a "buy" rating in a research note on Tuesday, October 8th. Jefferies Financial Group raised their price objective 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. JPMorgan Chase & Co. assumed coverage on shares of Vistra in a research note on Thursday, October 17th. They set an "overweight" rating and a $178.00 target price on the stock. Finally, 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 research report on Monday, September 23rd. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $145.40.

Vistra Stock Up 5.6 %

Shares of VST traded up $8.22 during midday trading on Tuesday, reaching $154.85. The stock had a trading volume of 6,361,623 shares, compared to its average volume of 6,902,684. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. The company's fifty day simple moving average is $122.52 and its two-hundred day simple moving average is $98.51. The company has a market cap of $52.68 billion, a price-to-earnings ratio of 28.89 and a beta of 1.09. Vistra Corp. has a 1-year low of $34.25 and a 1-year high of $154.95.

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 is Friday, December 20th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.57%. This is an increase from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio is presently 16.42%.

Vistra declared that its Board of Directors has initiated a share buyback plan on Thursday, November 7th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to repurchase up to 2.1% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's leadership believes its stock is undervalued.

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.