Galvin Gaustad & Stein LLC Acquires New Stake in Vistra Corp. (NYSE:VST)

Galvin Gaustad & Stein LLC acquired a new stake in Vistra Corp. (NYSE:VST) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,004 shares of the company’s stock, valued at approximately $238,000.

Other large investors have also modified their holdings of the company. Forum Financial Management LP increased its position in shares of Vistra by 0.7% in the 3rd quarter. Forum Financial Management LP now owns 11,527 shares of the company’s stock valued at $1,366,000 after buying an additional 80 shares in the last quarter. Umpqua Bank lifted its stake in Vistra by 2.2% during the third quarter. Umpqua Bank now owns 3,780 shares of the company’s stock worth $448,000 after purchasing an additional 81 shares during the last quarter. Interchange Capital Partners LLC boosted its holdings in shares of Vistra by 4.2% during the 3rd quarter. Interchange Capital Partners LLC now owns 2,710 shares of the company’s stock valued at $321,000 after acquiring an additional 109 shares in the last quarter. Simplicity Wealth LLC increased its stake in shares of Vistra by 3.0% in the second quarter. Simplicity Wealth LLC now owns 3,883 shares of the company’s stock valued at $334,000 after buying an additional 112 shares during the period. Finally, New Century Financial Group LLC lifted its stake in Vistra by 4.4% in the third quarter. New Century Financial Group LLC now owns 2,666 shares of the company’s stock valued at $316,000 after buying an additional 112 shares during the period. Institutional investors and hedge funds own 90.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. UBS Group decreased their price objective on shares of Vistra from $157.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, October 22nd. Jefferies Financial Group lifted their price target on shares of Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. BMO Capital Markets increased their price objective on shares of Vistra from $146.00 to $147.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. BNP Paribas began coverage on Vistra in a research report on Monday, October 14th. They set an “outperform” rating and a $231.00 target price for the company. Finally, 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 note on Thursday, October 3rd. Ten 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 a consensus price target of $145.40.

Vistra Trading Up 4.5 %

Shares of VST opened at $141.90 on Friday. The stock has a 50 day simple moving average of $113.05 and a 200-day simple moving average of $94.99. The company has a current ratio of 0.98, a quick ratio of 0.88 and a debt-to-equity ratio of 2.89. Vistra Corp. has a 1 year low of $34.24 and a 1 year high of $144.77. The stock has a market cap of $48.75 billion, a PE ratio of 26.47 and a beta of 1.09.

Vistra (NYSE:VST) last announced its quarterly earnings data 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 last year, the business earned $1.03 EPS. On average, sell-side analysts predict that Vistra Corp. will post 4.02 EPS for the current fiscal year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be given a $0.221 dividend. The ex-dividend date of this dividend is Friday, December 20th. This is an increase from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a yield of 0.62%. Vistra’s dividend payout ratio (DPR) is currently 16.42%.

Vistra declared that its board has authorized a stock buyback program on Thursday, November 7th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 2.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

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.