Pekin Hardy Strauss Inc. Invests $569,000 in Vistra Corp. (NYSE:VST)

Pekin Hardy Strauss Inc. purchased a new stake in Vistra Corp. (NYSE:VST) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 4,800 shares of the company’s stock, valued at approximately $569,000.

Several other institutional investors have also recently bought and sold shares of the stock. Forum Financial Management LP increased its stake 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 during the period. Umpqua Bank increased its position in Vistra by 2.2% in 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 period. OneDigital Investment Advisors LLC raised its holdings in Vistra by 3.0% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,809 shares of the company’s stock worth $333,000 after purchasing an additional 81 shares during the last quarter. Interchange Capital Partners LLC lifted its position in 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 purchasing an additional 109 shares during the period. Finally, Simplicity Wealth LLC boosted its stake in shares of Vistra by 3.0% in the 2nd quarter. Simplicity Wealth LLC now owns 3,883 shares of the company’s stock valued at $334,000 after purchasing an additional 112 shares during the last quarter. Institutional investors own 90.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on VST shares. Royal Bank of Canada increased their price objective on shares of Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. UBS Group reduced their price target on Vistra from $157.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, October 22nd. BNP Paribas assumed coverage on Vistra in a research note on Monday, October 14th. They set an “outperform” rating and a $231.00 price objective for the company. BMO Capital Markets increased their target price on Vistra from $146.00 to $147.00 and gave the company an “outperform” rating in a research note on Tuesday, October 29th. Finally, Jefferies Financial Group boosted their target price on Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $149.10.

Vistra Price Performance

Shares of VST opened at $161.92 on Monday. The stock has a 50 day simple moving average of $127.24 and a 200 day simple moving average of $100.11. Vistra Corp. has a 52-week low of $34.61 and a 52-week high of $168.67. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. The firm has a market capitalization of $55.09 billion, a PE ratio of 30.21, a P/E/G ratio of 2.08 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. Stockholders of record on Friday, December 20th will be issued a $0.221 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Friday, December 20th. This is a boost from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio is 16.42%.

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

Vistra 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.