Silvant Capital Management LLC Acquires Shares of 47,730 Vistra Corp. (NYSE:VST)

Silvant Capital Management LLC acquired a new stake in Vistra Corp. (NYSE:VST - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 47,730 shares of the company's stock, valued at approximately $5,658,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Castle Hook Partners LP lifted its stake in shares of Vistra by 470.0% in the 1st 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 raised its position in Vistra by 9,668.5% in the first quarter. TD Asset Management Inc now owns 2,940,113 shares of the company's stock valued at $204,779,000 after purchasing an additional 2,910,015 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Vistra by 115.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,532,657 shares of the company's stock valued at $217,758,000 after purchasing an additional 1,356,488 shares during the last quarter. Thrivent Financial for Lutherans boosted 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 valued at $105,596,000 after purchasing an additional 1,143,918 shares in the last quarter. Finally, Marshall Wace LLP grew its holdings 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 purchasing an additional 893,093 shares during the last quarter. Institutional investors own 90.88% of the company's stock.

Vistra Stock Down 4.4 %

NYSE:VST traded down $5.45 during trading hours on Friday, reaching $119.51. The company had a trading volume of 5,979,565 shares, compared to its average volume of 7,401,031. Vistra Corp. has a twelve month low of $33.84 and a twelve month high of $143.87. The company has a quick ratio of 0.88, a current ratio of 0.98 and a debt-to-equity ratio of 2.89. The firm has a market cap of $41.06 billion, a price-to-earnings ratio of 87.88 and a beta of 1.09. The business's 50-day simple moving average is $108.66 and its two-hundred day simple moving average is $92.67.

Vistra (NYSE:VST - Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported $0.90 EPS for the quarter, missing analysts' consensus estimates of $1.59 by ($0.69). Vistra had a net margin of 4.61% and a return on equity of 21.05%. The firm had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $4.04 billion. During the same period in the previous year, the firm earned $1.03 earnings per share. On average, equities analysts expect that Vistra Corp. will post 4.02 earnings per share for the current year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be given a $0.221 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.88 annualized dividend and a yield of 0.74%. This is an increase from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio (DPR) is presently 64.71%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Jefferies Financial Group lifted their target price on shares of Vistra from $99.00 to $137.00 and gave the stock a "buy" rating in a research report on Tuesday, September 24th. Morgan Stanley boosted their price objective on shares of Vistra from $110.00 to $132.00 and gave the stock an "overweight" rating in a research note on Monday, September 23rd. BNP Paribas assumed coverage on Vistra in a report on Monday, October 14th. They issued an "outperform" rating and a $231.00 price objective for the company. BMO Capital Markets lifted their target price on Vistra from $146.00 to $147.00 and gave the stock an "outperform" rating in a report on Tuesday. Finally, JPMorgan Chase & Co. assumed coverage on Vistra in a research report on Thursday, October 17th. They issued an "overweight" rating and a $178.00 price target on the stock. 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 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.