Victory Capital Management Inc. Has $105.97 Million Stake in Vistra Corp. (NYSE:VST)

Victory Capital Management Inc. increased its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 41.1% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 893,952 shares of the company's stock after purchasing an additional 260,208 shares during the quarter. Victory Capital Management Inc. owned 0.26% of Vistra worth $105,969,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Aigen Investment Management LP lifted its position in Vistra by 6.8% during the 3rd quarter. Aigen Investment Management LP now owns 26,329 shares of the company's stock worth $3,121,000 after buying an additional 1,670 shares in the last quarter. Prime Capital Investment Advisors LLC bought a new stake in shares of Vistra during the 3rd quarter worth approximately $247,000. Ashton Thomas Private Wealth LLC boosted its holdings in shares of Vistra by 8.8% in the 3rd 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. Verus Capital Partners LLC bought a new position in shares of Vistra in the third quarter valued at $529,000. Finally, Rakuten Securities Inc. increased its holdings in Vistra by 274.7% during the third quarter. Rakuten Securities Inc. now owns 6,171 shares of the company's stock worth $732,000 after buying an additional 4,524 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VST has been the subject of a number of analyst reports. Royal Bank of Canada lifted 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. Guggenheim raised their price objective on Vistra from $133.00 to $177.00 and gave the company a "buy" rating in a research report on Tuesday, October 8th. BNP Paribas assumed coverage on Vistra in a report on Monday, October 14th. They set an "outperform" rating and a $231.00 target price on the stock. Jefferies Financial Group lifted their price objective 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. Finally, UBS Group cut their target price on shares of Vistra from $157.00 to $150.00 and set a "buy" rating for the company in a research note on Tuesday, October 22nd. Ten research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $145.40.

Vistra Trading Down 2.6 %

Shares of VST stock traded down $3.66 during mid-day trading on Thursday, reaching $138.46. 3,212,348 shares of the stock traded hands, compared to its average volume of 6,925,432. The stock's fifty day simple moving average is $116.89 and its two-hundred day simple moving average is $96.49. The company has a quick ratio of 0.88, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. Vistra Corp. has a 1-year low of $34.25 and a 1-year high of $149.80. The company has a market cap of $47.11 billion, a price-to-earnings ratio of 26.45 and a beta of 1.09.

Vistra declared that its board has approved a share buyback program on Thursday, November 7th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 2.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be paid a $0.221 dividend. This is a boost from Vistra's previous quarterly dividend of $0.22. The ex-dividend date is Friday, December 20th. This represents a $0.88 annualized dividend and a dividend yield of 0.64%. Vistra's payout ratio is currently 16.42%.

Vistra Company 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.