Natixis Advisors LLC Increases Holdings in Vistra Corp. (NYSE:VST)

Natixis Advisors LLC increased its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 57.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 102,853 shares of the company's stock after purchasing an additional 37,413 shares during the period. Natixis Advisors LLC's holdings in Vistra were worth $12,192,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Vistra in the 3rd quarter valued at approximately $30,000. CVA Family Office LLC lifted its holdings in Vistra by 1,505.9% in the third quarter. CVA Family Office LLC now owns 273 shares of the company's stock valued at $32,000 after acquiring an additional 256 shares during the period. Redwood Wealth Management Group LLC purchased a new stake in shares of Vistra during the 2nd quarter worth $26,000. ORG Wealth Partners LLC acquired a new position in shares of Vistra during the 3rd quarter worth $40,000. Finally, Fortitude Family Office LLC increased its holdings in shares of Vistra by 125.0% in the 3rd quarter. Fortitude Family Office LLC now owns 360 shares of the company's stock valued at $43,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.

Vistra Trading Up 7.0 %

Vistra stock traded up $10.90 during trading on Thursday, hitting $165.53. The company's stock had a trading volume of 6,762,739 shares, compared to its average volume of 6,896,100. The stock's fifty day moving average is $125.72 and its 200 day moving average is $99.36. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. Vistra Corp. has a 1-year low of $34.25 and a 1-year high of $167.60. The stock has a market capitalization of $56.32 billion, a price-to-earnings ratio of 30.88, a P/E/G ratio of 1.99 and a beta of 1.09.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be given a dividend of $0.221 per share. This is a positive change 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 yield of 0.53%. Vistra's dividend payout ratio is 16.42%.

Vistra announced that its board has approved a share repurchase program on Thursday, November 7th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to purchase up to 2.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of research analysts have issued reports on VST shares. BNP Paribas started coverage on shares of Vistra in a report on Monday, October 14th. They issued an "outperform" rating and a $231.00 target price for the company. BMO Capital Markets raised their price objective on Vistra from $146.00 to $147.00 and gave the company an "outperform" rating in a research note on Tuesday, October 29th. UBS Group decreased their target price on Vistra from $157.00 to $150.00 and set a "buy" rating on the stock in a research report on Tuesday, October 22nd. Royal Bank of Canada raised their price target on Vistra from $105.00 to $141.00 and gave the company an "outperform" rating in a research report on Thursday, October 3rd. Finally, Guggenheim boosted 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. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $145.40.

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.