Harbour Capital Advisors LLC Grows Stake in Vistra Corp. (NYSE:VST)

Harbour Capital Advisors LLC boosted its position in Vistra Corp. (NYSE:VST - Free Report) by 86.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,518 shares of the company's stock after acquiring an additional 4,418 shares during the quarter. Harbour Capital Advisors LLC's holdings in Vistra were worth $1,182,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in VST. Castle Hook Partners LP increased its stake in Vistra by 470.0% in the first quarter. Castle Hook Partners LP now owns 3,769,842 shares of the company's stock valued at $262,569,000 after acquiring an additional 3,108,511 shares during the last quarter. TD Asset Management Inc grew its stake in shares of Vistra by 9,668.5% during the first quarter. TD Asset Management Inc now owns 2,940,113 shares of the company's stock worth $204,779,000 after buying an additional 2,910,015 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Vistra by 115.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,532,657 shares of the company's stock worth $217,758,000 after buying an additional 1,356,488 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Vistra by 1,358.2% during the second quarter. Thrivent Financial for Lutherans now owns 1,228,144 shares of the company's stock worth $105,596,000 after buying an additional 1,143,918 shares during the last quarter. Finally, Marshall Wace LLP grew its stake in shares of Vistra by 315.9% during the second quarter. Marshall Wace LLP now owns 1,175,811 shares of the company's stock worth $101,096,000 after buying an additional 893,093 shares during the last quarter. 90.88% of the stock is owned by institutional investors.

Vistra Stock Up 3.1 %

Shares of NYSE VST traded up $3.89 during trading on Friday, hitting $131.16. 6,245,906 shares of the company traded hands, compared to its average volume of 7,005,264. The business's fifty day moving average is $99.78 and its 200 day moving average is $88.93. Vistra Corp. has a fifty-two week low of $31.43 and a fifty-two week high of $143.87. The firm has a market capitalization of $45.06 billion, a price-to-earnings ratio of 96.44 and a beta of 1.10. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.88 and a current ratio of 0.98.

Vistra (NYSE:VST - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.69). The company had revenue of $3.85 billion for the quarter, compared to analyst estimates of $4.04 billion. Vistra had a net margin of 4.61% and a return on equity of 21.05%. During the same quarter in the prior year, the company posted $1.03 EPS. Equities research analysts predict that Vistra Corp. will post 4.7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 20th were given a dividend of $0.2195 per share. The ex-dividend date of this dividend was Friday, September 20th. This is an increase from Vistra's previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a dividend yield of 0.67%. Vistra's payout ratio is presently 64.71%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on VST shares. BNP Paribas started coverage on shares of Vistra in a research note on Monday. They set an "outperform" rating and a $231.00 target price on the stock. BMO Capital Markets reaffirmed an "outperform" rating and set a $146.00 target price (up previously from $125.00) on shares of Vistra in a research note on Friday, October 4th. 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 note on Tuesday, October 8th. JPMorgan Chase & Co. initiated coverage on shares of Vistra in a report on Thursday. They set an "overweight" rating and a $178.00 price target on the stock. Finally, Jefferies Financial Group lifted their price target on shares of Vistra from $99.00 to $137.00 and gave the stock a "buy" rating in a report on Tuesday, September 24th. 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 $141.30.

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.