Vaughan Nelson Investment Management L.P. Increases Holdings in Vistra Corp. (NYSE:VST)

Vaughan Nelson Investment Management L.P. grew its holdings in Vistra Corp. (NYSE:VST - Free Report) by 194.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 456,207 shares of the company's stock after acquiring an additional 301,474 shares during the quarter. Vaughan Nelson Investment Management L.P. owned 0.13% of Vistra worth $54,078,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Lone Pine Capital LLC boosted its position in shares of Vistra by 6.6% in the second quarter. Lone Pine Capital LLC now owns 6,838,007 shares of the company's stock valued at $587,932,000 after acquiring an additional 425,126 shares during the period. Castle Hook Partners LP boosted its position in shares of 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 period. GQG Partners LLC boosted its position in shares of Vistra by 25.1% in the first quarter. GQG Partners LLC now owns 2,564,705 shares of the company's stock valued at $178,632,000 after acquiring an additional 514,722 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of 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 acquiring an additional 1,356,488 shares during the period. Finally, Maple Rock Capital Partners Inc. lifted its position in Vistra by 100.5% during the first quarter. Maple Rock Capital Partners Inc. now owns 1,720,000 shares of the company's stock worth $119,798,000 after purchasing an additional 862,000 shares during the period. Institutional investors own 90.88% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on VST shares. Royal Bank of Canada upped their price objective on shares of Vistra from $105.00 to $141.00 and gave the stock an "outperform" rating in a research report on Thursday, October 3rd. BNP Paribas started coverage on shares of Vistra in a research report on Monday, October 14th. They set an "outperform" rating and a $231.00 price objective for the company. Guggenheim upped their price objective 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. JPMorgan Chase & Co. started coverage on shares of Vistra in a research report on Thursday, October 17th. They set an "overweight" rating and a $178.00 price objective for the company. Finally, Jefferies Financial Group boosted their target price on Vistra from $99.00 to $137.00 and gave the stock a "buy" rating in a research note on Tuesday, September 24th. Ten analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $145.40.

Vistra Trading Up 2.7 %

Shares of Vistra stock traded up $3.69 on Friday, hitting $142.15. The stock had a trading volume of 3,562,142 shares, compared to its average volume of 6,086,038. The stock has a 50 day moving average of $119.52 and a 200 day moving average of $97.38. Vistra Corp. has a twelve month low of $34.25 and a twelve month high of $149.80. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.88 and a current ratio of 1.11. The firm has a market capitalization of $48.36 billion, a P/E ratio of 26.52 and a beta of 1.09.

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 paid a $0.221 dividend. 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%. This is an increase from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio is currently 16.42%.

Vistra declared that its board has initiated a share repurchase program on Thursday, November 7th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 2.1% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board 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.