Kornitzer Capital Management Inc. KS lifted its holdings in Vistra Corp. (NYSE:VST - Free Report) by 480.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 152,891 shares of the company's stock after purchasing an additional 126,549 shares during the quarter. Kornitzer Capital Management Inc. KS's holdings in Vistra were worth $18,124,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the business. Castle Hook Partners LP raised its position in shares of Vistra by 470.0% during the 1st quarter. Castle Hook Partners LP now owns 3,769,842 shares of the company's stock valued at $262,569,000 after buying an additional 3,108,511 shares in the last quarter. TD Asset Management Inc raised its position in Vistra by 9,668.5% during the first quarter. TD Asset Management Inc now owns 2,940,113 shares of the company's stock valued at $204,779,000 after purchasing an additional 2,910,015 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Vistra by 115.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,532,657 shares of the company's stock valued at $217,758,000 after purchasing an additional 1,356,488 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of Vistra by 1,358.2% in the 2nd quarter. Thrivent Financial for Lutherans now owns 1,228,144 shares of the company's stock valued at $105,596,000 after purchasing an additional 1,143,918 shares during the last quarter. Finally, Marshall Wace LLP boosted its holdings in shares of Vistra by 315.9% in the 2nd quarter. Marshall Wace LLP now owns 1,175,811 shares of the company's stock worth $101,096,000 after purchasing an additional 893,093 shares during the period. Institutional investors own 90.88% of the company's stock.
VST has been the subject of a number of analyst reports. UBS Group lowered their price target on Vistra from $157.00 to $150.00 and set a "buy" rating for the company in a research report on Tuesday, October 22nd. Jefferies Financial Group raised their target price on shares of Vistra from $99.00 to $137.00 and gave the stock a "buy" rating in a report on Tuesday, September 24th. Guggenheim upped their price target on shares of Vistra from $133.00 to $177.00 and gave the company a "buy" rating in a report on Tuesday, October 8th. Morgan Stanley raised their price objective on shares of Vistra from $110.00 to $132.00 and gave the stock an "overweight" rating in a research note on Monday, September 23rd. Finally, Royal Bank of Canada upped their target price on Vistra from $105.00 to $141.00 and gave the company an "outperform" rating in a research note on Thursday, October 3rd. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $145.40.
Read Our Latest Analysis on VST
Shares of NYSE VST traded up $6.61 during trading hours on Thursday, reaching $132.70. The stock had a trading volume of 3,771,194 shares, compared to its average volume of 6,895,129. The business's fifty day moving average price is $110.89 and its two-hundred day moving average price is $93.99. The firm has a market cap of $45.59 billion, a price-to-earnings ratio of 92.84 and a beta of 1.09. Vistra Corp. has a 52-week low of $34.24 and a 52-week high of $143.87. 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 (NYSE:VST - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.90 earnings per share for the quarter, missing analysts' consensus estimates of $1.59 by ($0.69). Vistra had a net margin of 4.61% and a return on equity of 21.05%. The company had revenue of $3.85 billion for the quarter, compared to analysts' expectations of $4.04 billion. During the same period last year, the firm earned $1.03 earnings per share. Analysts expect that Vistra Corp. will post 4.02 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be paid a dividend of $0.221 per share. This represents a $0.88 annualized dividend and a yield of 0.67%. This is a boost from Vistra's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, December 20th. Vistra's payout ratio is presently 64.71%.
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.
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