Thrivent Financial for Lutherans Has $208.12 Million Position in Vistra Corp. (NYSE:VST)

Thrivent Financial for Lutherans grew its holdings in Vistra Corp. (NYSE:VST - Free Report) by 43.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,755,723 shares of the company's stock after buying an additional 527,579 shares during the quarter. Thrivent Financial for Lutherans owned 0.51% of Vistra worth $208,122,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Redwood Wealth Management Group LLC bought a new position in Vistra during the 2nd quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Vistra during the 3rd quarter valued at about $30,000. New Covenant Trust Company N.A. bought a new position in Vistra during the 1st quarter valued at about $32,000. CVA Family Office LLC lifted its holdings in Vistra by 1,505.9% during the 3rd quarter. CVA Family Office LLC now owns 273 shares of the company's stock valued at $32,000 after purchasing an additional 256 shares during the last quarter. Finally, EdgeRock Capital LLC bought a new position in Vistra during the 2nd quarter valued at about $34,000. Institutional investors and hedge funds own 90.88% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on VST. JPMorgan Chase & Co. began coverage on shares of Vistra in a report on Thursday, October 17th. They set an "overweight" rating and a $178.00 price target for the company. BNP Paribas began coverage on shares of Vistra in a report on Monday, October 14th. They set an "outperform" rating and a $231.00 price target for the company. BMO Capital Markets raised their price objective on shares of Vistra from $146.00 to $147.00 and gave the company an "outperform" rating in a research report on Tuesday, October 29th. Royal Bank of Canada raised their price objective on shares of Vistra from $105.00 to $141.00 and gave the company an "outperform" rating in a research report on Thursday, October 3rd. Finally, UBS Group lowered their price objective on shares of Vistra from $157.00 to $150.00 and set a "buy" rating for the company in a research report on Tuesday, October 22nd. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $145.40.

Vistra Trading Up 2.7 %

Shares of NYSE:VST traded up $3.69 during trading on Friday, hitting $142.15. 3,562,142 shares of the company's stock were exchanged, compared to its average volume of 6,086,038. Vistra Corp. has a 1-year low of $34.25 and a 1-year high of $149.80. The firm has a 50-day moving average price of $119.52 and a two-hundred day moving average price of $97.52. The company has a current ratio of 1.11, a quick ratio of 0.88 and a debt-to-equity ratio of 4.68. The firm has a market cap of $48.36 billion, a P/E ratio of 26.52 and a beta of 1.09.

Vistra Increases Dividend

The firm also recently declared 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 is a boost from Vistra's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.88 annualized dividend and a dividend yield of 0.62%. Vistra's payout ratio is currently 16.42%.

Vistra declared that its Board of Directors has initiated a share buyback plan on Thursday, November 7th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to reacquire up to 2.1% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board believes its shares are undervalued.

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.