Meeder Asset Management Inc. Raises Stock Position in Vistra Corp. (NYSE:VST)

Meeder Asset Management Inc. boosted its position in Vistra Corp. (NYSE:VST) by 34.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,520 shares of the company’s stock after purchasing an additional 4,010 shares during the quarter. Meeder Asset Management Inc.’s holdings in Vistra were worth $1,840,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Redwood Wealth Management Group LLC purchased a new stake in shares of Vistra in the 2nd quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Vistra in the third quarter worth $30,000. New Covenant Trust Company N.A. purchased a new stake in Vistra during the first quarter valued at about $32,000. CVA Family Office LLC grew its stake in shares of Vistra by 1,505.9% during the third quarter. CVA Family Office LLC now owns 273 shares of the company’s stock valued at $32,000 after buying an additional 256 shares during the last quarter. Finally, EdgeRock Capital LLC purchased a new position in shares of Vistra in the second quarter worth about $34,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Wall Street Analysts Forecast Growth

VST has been the topic of a number of analyst reports. Jefferies Financial Group lifted their price target on Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. BNP Paribas started coverage on shares of Vistra in a research note on Monday, October 14th. They issued an “outperform” rating and a $231.00 target price on the stock. JPMorgan Chase & Co. started coverage on shares of Vistra in a research report on Thursday, October 17th. They set an “overweight” rating and a $178.00 price target for the company. Royal Bank of Canada raised their price target on shares of Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Finally, Morgan Stanley upped their price objective on shares of Vistra from $110.00 to $132.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $145.40.

Vistra Price Performance

Shares of NYSE VST opened at $146.64 on Tuesday. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. Vistra Corp. has a 1 year low of $34.25 and a 1 year high of $152.64. The company’s 50-day moving average is $120.95 and its 200 day moving average is $97.99. The stock has a market capitalization of $49.89 billion, a P/E ratio of 27.36 and a beta of 1.09.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be given a $0.221 dividend. The ex-dividend date is Friday, December 20th. This represents a $0.88 annualized dividend and a dividend yield of 0.60%. This is a positive change from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio is currently 16.42%.

Vistra announced that its board has authorized a stock buyback plan on Thursday, November 7th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 2.1% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership 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.