Oppenheimer & Co. Inc. Buys 14,964 Shares of Vistra Corp. (NYSE:VST)

Oppenheimer & Co. Inc. increased its holdings in Vistra Corp. (NYSE:VST - Free Report) by 26.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,383 shares of the company's stock after purchasing an additional 14,964 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Vistra were worth $8,580,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Victory Capital Management Inc. boosted its stake in shares of Vistra by 41.1% during the 3rd quarter. Victory Capital Management Inc. now owns 893,952 shares of the company's stock valued at $105,969,000 after purchasing an additional 260,208 shares in the last quarter. Aigen Investment Management LP boosted its holdings in shares of Vistra by 6.8% during the 3rd quarter. Aigen Investment Management LP now owns 26,329 shares of the company's stock valued at $3,121,000 after buying an additional 1,670 shares in the last quarter. Prime Capital Investment Advisors LLC purchased a new stake in Vistra in the third quarter worth about $247,000. Ashton Thomas Private Wealth LLC grew its holdings in shares of Vistra by 8.8% during the third quarter. Ashton Thomas Private Wealth LLC now owns 4,488 shares of the company's stock valued at $532,000 after buying an additional 363 shares during the last quarter. Finally, Verus Capital Partners LLC bought a new position in shares of Vistra during the third quarter valued at $529,000. Hedge funds and other institutional investors own 90.88% of the company's stock.

Analysts Set New Price Targets

VST has been the subject of several research analyst reports. Royal Bank of Canada lifted their price objective on Vistra from $105.00 to $141.00 and gave the stock an "outperform" rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. started coverage on shares of Vistra in a research note on Thursday, October 17th. They issued an "overweight" rating and a $178.00 price target for the company. 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. Morgan Stanley boosted their target price on shares of Vistra from $110.00 to $132.00 and gave the company an "overweight" rating in a research note on Monday, September 23rd. Finally, UBS Group dropped their price target on Vistra from $157.00 to $150.00 and set a "buy" rating on the stock in a research note on Tuesday, October 22nd. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Vistra presently has a consensus rating of "Buy" and a consensus price target of $145.40.

Vistra Stock Performance

Shares of NYSE VST traded down $3.61 during trading on Thursday, hitting $138.51. The company had a trading volume of 3,223,960 shares, compared to its average volume of 6,925,462. Vistra Corp. has a 12 month low of $34.25 and a 12 month high of $149.80. The firm has a market capitalization of $47.12 billion, a P/E ratio of 25.84 and a beta of 1.09. The stock has a 50 day simple moving average of $118.14 and a 200 day simple moving average of $96.78. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.88 and a current ratio of 1.11.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be given a dividend of $0.221 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.64%. This is an increase from Vistra's previous quarterly dividend of $0.22. The ex-dividend date is Friday, December 20th. Vistra's dividend payout ratio (DPR) is presently 16.42%.

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