Russell Investments Group Ltd. lifted its holdings in Vistra Corp. (NYSE:VST – Free Report) by 4.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 863,814 shares of the company’s stock after buying an additional 35,572 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.23% of Vistra worth $22,673,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of VST. Allworth Financial LP lifted its position in Vistra by 48.9% during the 2nd quarter. Allworth Financial LP now owns 1,205 shares of the company’s stock worth $32,000 after acquiring an additional 396 shares during the period. TD Asset Management Inc lifted its position in Vistra by 1.6% during the 2nd quarter. TD Asset Management Inc now owns 25,535 shares of the company’s stock worth $670,000 after acquiring an additional 400 shares during the period. Seascape Capital Management lifted its position in Vistra by 0.4% during the 2nd quarter. Seascape Capital Management now owns 104,478 shares of the company’s stock worth $2,743,000 after acquiring an additional 423 shares during the period. Signaturefd LLC lifted its position in Vistra by 26.4% during the 2nd quarter. Signaturefd LLC now owns 2,152 shares of the company’s stock worth $56,000 after acquiring an additional 449 shares during the period. Finally, First National Bank of Hutchinson raised its stake in shares of Vistra by 1.4% during the 2nd quarter. First National Bank of Hutchinson now owns 32,478 shares of the company’s stock valued at $853,000 after buying an additional 463 shares during the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
VST has been the subject of a number of recent research reports. Bank of America lifted their price objective on Vistra from $31.00 to $37.00 and gave the company a “buy” rating in a research note on Thursday, September 21st. Morgan Stanley lifted their price objective on Vistra from $35.00 to $40.00 and gave the company an “overweight” rating in a research note on Thursday, September 21st. Finally, BMO Capital Markets lifted their price objective on Vistra from $42.00 to $43.00 and gave the company an “outperform” rating in a research note on Thursday, November 9th.
Vistra Stock Performance
NYSE VST opened at $34.69 on Tuesday. The stock has a market capitalization of $12.40 billion, a price-to-earnings ratio of 10.20 and a beta of 0.92. Vistra Corp. has a twelve month low of $21.18 and a twelve month high of $36.50. The company has a current ratio of 1.22, a quick ratio of 1.14 and a debt-to-equity ratio of 3.34. The stock has a 50-day moving average of $33.19 and a 200 day moving average of $29.30.
Vistra Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Wednesday, December 20th will be issued a $0.213 dividend. This is a boost from Vistra’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Tuesday, December 19th. This represents a $0.85 dividend on an annualized basis and a yield of 2.46%. Vistra’s dividend payout ratio is presently 25.00%.
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 20 states in the United States and the District of Columbia.
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