Portfolio Design Labs LLC Invests $1.80 Million in Vistra Corp. (NYSE:VST)

Portfolio Design Labs LLC bought a new stake in Vistra Corp. (NYSE:VST - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 15,174 shares of the company's stock, valued at approximately $1,799,000.

Several other institutional investors also recently bought and sold shares of VST. Forum Financial Management LP raised its holdings in shares of Vistra by 0.7% during the third 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 holdings in Vistra by 2.2% in the third quarter. Umpqua Bank now owns 3,780 shares of the company's stock valued at $448,000 after buying an additional 81 shares in the last quarter. OneDigital Investment Advisors LLC increased its holdings in Vistra by 3.0% in the third quarter. OneDigital Investment Advisors LLC now owns 2,809 shares of the company's stock valued at $333,000 after buying an additional 81 shares in the last quarter. Interchange Capital Partners LLC increased its holdings in Vistra by 4.2% in the third quarter. Interchange Capital Partners LLC now owns 2,710 shares of the company's stock valued at $321,000 after buying an additional 109 shares in the last quarter. Finally, Simplicity Wealth LLC increased its holdings in Vistra by 3.0% in the second quarter. Simplicity Wealth LLC now owns 3,883 shares of the company's stock valued at $334,000 after buying an additional 112 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Vistra Stock Performance

VST stock traded down $0.25 during trading on Wednesday, hitting $154.61. 4,437,065 shares of the company's stock traded hands, compared to its average volume of 6,891,813. The stock has a fifty day moving average price of $124.02 and a two-hundred day moving average price of $98.90. The stock has a market capitalization of $52.60 billion, a price-to-earnings ratio of 28.85 and a beta of 1.09. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. Vistra Corp. has a 52 week low of $34.25 and a 52 week high of $157.72.

Vistra announced that its Board of Directors has authorized 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 generally a sign that the company's management believes its shares are undervalued.

Vistra Increases Dividend

The business also recently announced 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. This represents a $0.88 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend is Friday, December 20th. This is a positive change from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio is currently 16.42%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Jefferies Financial Group lifted their price objective on shares of Vistra from $99.00 to $137.00 and gave the company a "buy" rating in a report on Tuesday, September 24th. JPMorgan Chase & Co. assumed coverage on shares of Vistra in a report on Thursday, October 17th. They issued an "overweight" rating and a $178.00 target price on the stock. BNP Paribas began coverage on shares of Vistra in a report on Monday, October 14th. They issued an "outperform" rating and a $231.00 target price on the stock. Morgan Stanley boosted their price target 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, BMO Capital Markets boosted their price target on shares of Vistra from $146.00 to $147.00 and gave the company an "outperform" rating in a research note on Tuesday, October 29th. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $145.40.

About Vistra

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.