Thrivent Financial for Lutherans Acquires 19,968 Shares of Vistra Corp. $VST

Thrivent Financial for Lutherans grew its holdings in Vistra Corp. (NYSE:VST) by 3.6% in the 4th quarter, HoldingsChannel reports. The firm owned 575,945 shares of the company’s stock after buying an additional 19,968 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Vistra were worth $92,927,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Dynamic Technology Lab Private Ltd bought a new stake in shares of Vistra in the 3rd quarter valued at about $1,445,000. CIBC Bancorp USA Inc. purchased a new position in shares of Vistra in the 3rd quarter worth approximately $8,755,000. Teamwork Financial Advisors LLC grew its position in shares of Vistra by 39.9% in the 4th quarter. Teamwork Financial Advisors LLC now owns 78,855 shares of the company’s stock worth $12,722,000 after buying an additional 22,492 shares during the last quarter. Ameritas Advisory Services LLC grew its position in shares of Vistra by 7,556.0% in the 4th quarter. Ameritas Advisory Services LLC now owns 7,656 shares of the company’s stock worth $1,235,000 after buying an additional 7,556 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of Vistra by 49.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 371,497 shares of the company’s stock worth $72,784,000 after buying an additional 122,545 shares during the last quarter. Institutional investors own 90.88% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on VST. BMO Capital Markets reaffirmed an “outperform” rating and issued a $241.00 price objective on shares of Vistra in a research report on Monday, March 2nd. Morgan Stanley reaffirmed an “overweight” rating and issued a $208.00 price objective on shares of Vistra in a research report on Tuesday, April 21st. JPMorgan Chase & Co. cut their price objective on shares of Vistra from $240.00 to $231.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. The Goldman Sachs Group raised shares of Vistra from a “neutral” rating to a “buy” rating and set a $205.00 price objective on the stock in a research report on Friday, February 6th. Finally, Raymond James Financial set a $208.00 price objective on shares of Vistra in a research report on Monday, April 27th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $233.93.

Insiders Place Their Bets

In other Vistra news, EVP Stephanie Zapata Moore sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $160.31, for a total transaction of $1,603,100.00. Following the sale, the executive vice president owned 114,409 shares of the company’s stock, valued at approximately $18,340,906.79. The trade was a 8.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.92% of the company’s stock.

Vistra Stock Down 1.4%

NYSE:VST opened at $139.92 on Friday. The company has a market cap of $47.18 billion, a PE ratio of 23.44, a P/E/G ratio of 0.81 and a beta of 1.43. Vistra Corp. has a twelve month low of $137.81 and a twelve month high of $219.82. The company has a current ratio of 0.90, a quick ratio of 0.69 and a debt-to-equity ratio of 5.51. The company’s 50 day moving average is $156.34 and its two-hundred day moving average is $164.79.

Vistra (NYSE:VST) last released its earnings results on Thursday, May 7th. The company reported $2.87 earnings per share for the quarter, topping the consensus estimate of $1.32 by $1.55. The company had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.22 billion. Vistra had a net margin of 11.52% and a return on equity of 105.64%. Analysts anticipate that Vistra Corp. will post 9.31 EPS for the current year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd will be given a dividend of $0.229 per share. The ex-dividend date of this dividend is Monday, June 22nd. This represents a $0.92 annualized dividend and a yield of 0.7%. This is a boost from Vistra’s previous quarterly dividend of $0.23. Vistra’s payout ratio is presently 15.24%.

About Vistra

Vistra (NYSE: VST) is an integrated power company that develops, owns and operates electricity generation and retail businesses in the United States. The company’s operations span wholesale power production—through a diversified fleet of thermal and lower?carbon generation assets—and retail electricity supply to residential, commercial and industrial customers. Vistra serves organized wholesale markets and competitive retail markets, with a notable presence in Texas and other regional U.S. power markets.

Vistra’s core activities include the ownership and operation of generation facilities, the commercial dispatch and optimization of those assets into wholesale markets, and the sale of electricity and related services to end-use customers through its retail brands.