Metis Global Partners LLC Purchases 13,634 Shares of Vistra Corp. (NYSE:VST)

Metis Global Partners LLC lifted its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 129.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,169 shares of the company's stock after purchasing an additional 13,634 shares during the period. Metis Global Partners LLC's holdings in Vistra were worth $2,865,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Forum Financial Management LP lifted 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 valued at $1,366,000 after acquiring an additional 80 shares during the period. Umpqua Bank grew its position 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 stake in Vistra by 4.2% during the 3rd quarter. Interchange Capital Partners LLC now owns 2,710 shares of the company's stock valued at $321,000 after purchasing an additional 109 shares in the last quarter. Simplicity Wealth LLC raised its holdings in Vistra by 3.0% during the second quarter. Simplicity Wealth LLC now owns 3,883 shares of the company's stock worth $334,000 after buying an additional 112 shares during the last quarter. Finally, New Century Financial Group LLC lifted its stake in shares of Vistra by 4.4% in the third quarter. New Century Financial Group LLC now owns 2,666 shares of the company's stock valued at $316,000 after buying an additional 112 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.

Vistra Stock Performance

Shares of VST traded up $3.77 during mid-day trading on Friday, hitting $142.23. The stock had a trading volume of 3,559,260 shares, compared to its average volume of 6,910,338. 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 firm has a market cap of $48.39 billion, a P/E ratio of 26.54 and a beta of 1.09. Vistra Corp. has a 52 week low of $34.25 and a 52 week high of $149.80. The business has a fifty day moving average price of $119.52 and a 200-day moving average price of $97.23.

Vistra announced that its Board of Directors has initiated a share repurchase program on Thursday, November 7th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 2.1% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.

Vistra Increases Dividend

The firm also recently disclosed 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 is Friday, December 20th. This is an increase from Vistra's previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a yield of 0.62%. Vistra's dividend payout ratio (DPR) is 16.42%.

Analyst Upgrades and Downgrades

VST has been the topic of several recent research reports. BNP Paribas assumed 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. Jefferies Financial Group lifted their target price on Vistra from $99.00 to $137.00 and gave the company a "buy" rating in a research report on Tuesday, September 24th. Morgan Stanley increased their price target on Vistra from $110.00 to $132.00 and gave the company an "overweight" rating in a research report on Monday, September 23rd. BMO Capital Markets lifted their price objective on shares of Vistra from $146.00 to $147.00 and gave the stock an "outperform" rating in a report on Tuesday, October 29th. Finally, Royal Bank of Canada increased their target price on shares of Vistra from $105.00 to $141.00 and gave the company an "outperform" rating in a report on Thursday, October 3rd. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Vistra presently has an average rating of "Buy" and a consensus 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.