Vistra Corp. (NYSE:VST) Holdings Lifted by Quest Partners LLC

Quest Partners LLC boosted its holdings in Vistra Corp. (NYSE:VST - Free Report) by 88.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,745 shares of the company's stock after acquiring an additional 4,107 shares during the period. Quest Partners LLC's holdings in Vistra were worth $1,037,000 as of its most recent filing with the Securities and Exchange Commission.

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

Vistra Stock Up 6.4 %

Shares of VST traded up $9.92 during midday trading on Thursday, hitting $164.55. The company had a trading volume of 2,784,761 shares, compared to its average volume of 6,871,404. The stock has a market cap of $55.98 billion, a price-to-earnings ratio of 30.12, a PEG ratio of 1.99 and a beta of 1.09. The company's 50 day moving average price is $124.02 and its 200 day moving average price is $98.90. 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 $164.58.

Vistra announced that its Board of Directors has authorized a share repurchase plan on Thursday, November 7th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to buy up to 2.1% of its shares through open market purchases. Shares buyback plans are often an indication that the company's leadership believes its shares are undervalued.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be paid a dividend of $0.221 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.88 annualized dividend and a yield of 0.54%. This is a boost from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio is presently 16.42%.

Analyst Upgrades and Downgrades

VST has been the topic of several analyst reports. Morgan Stanley raised their price objective on Vistra from $110.00 to $132.00 and gave the stock an "overweight" rating in a report on Monday, September 23rd. UBS Group dropped their target price 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. Jefferies Financial Group boosted their price objective on shares of Vistra from $99.00 to $137.00 and gave the stock a "buy" rating in a research note on Tuesday, September 24th. BMO Capital Markets lifted their target price on shares of Vistra from $146.00 to $147.00 and gave the company an "outperform" rating in a report on Tuesday, October 29th. Finally, 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. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target 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.