Wealth Alliance Advisory Group LLC Purchases New Holdings in Vistra Corp. (NYSE:VST)

Wealth Alliance Advisory Group LLC acquired a new position in Vistra Corp. (NYSE:VST) in the third quarter, Holdings Channel reports. The firm acquired 2,000 shares of the company’s stock, valued at approximately $237,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mather Group LLC. purchased a new position in shares of Vistra during the first quarter valued at $26,000. Redwood Wealth Management Group LLC acquired a new stake in Vistra during the 2nd quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Vistra during the 3rd quarter valued at about $30,000. New Covenant Trust Company N.A. acquired a new position in shares of Vistra in the 1st quarter valued at about $32,000. Finally, CVA Family Office LLC lifted its position in shares of Vistra by 1,505.9% in the third quarter. CVA Family Office LLC now owns 273 shares of the company’s stock worth $32,000 after purchasing an additional 256 shares in the last quarter. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Vistra Stock Up 3.1 %

Shares of VST stock opened at $131.16 on Friday. The stock’s 50 day simple moving average is $99.78 and its 200 day simple moving average is $88.93. Vistra Corp. has a twelve month low of $31.43 and a twelve month high of $143.87. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.88 and a current ratio of 0.98. The company has a market capitalization of $45.06 billion, a price-to-earnings ratio of 96.44 and a beta of 1.10.

Vistra (NYSE:VST) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.69). The firm had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $4.04 billion. Vistra had a net margin of 4.61% and a return on equity of 21.05%. During the same period in the prior year, the business earned $1.03 EPS. As a group, research analysts predict that Vistra Corp. will post 4.7 EPS for the current year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 20th were given a dividend of $0.2195 per share. This is a positive change from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, September 20th. This represents a $0.88 dividend on an annualized basis and a yield of 0.67%. Vistra’s payout ratio is currently 64.71%.

Analysts Set New Price Targets

VST has been the topic of several research reports. JPMorgan Chase & Co. assumed coverage on shares of Vistra in a research note on Thursday. They issued an “overweight” rating and a $178.00 price objective on the stock. Morgan Stanley upped their price target on shares of Vistra from $110.00 to $132.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. BNP Paribas assumed coverage on 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 target price on Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Finally, Royal Bank of Canada raised their price target on Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $141.30.

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.