Cigna Investments Inc. New Reduces Holdings in Vistra Corp. (NYSE:VST)

Cigna Investments Inc. New lowered its stake in Vistra Corp. (NYSE:VST) by 5.3% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,516 shares of the company’s stock after selling 198 shares during the quarter. Cigna Investments Inc. New’s holdings in Vistra were worth $416,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Redwood Wealth Management Group LLC purchased a new stake in shares of Vistra in the second quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Vistra in the 3rd quarter valued at about $30,000. New Covenant Trust Company N.A. purchased a new position in Vistra in the 1st quarter valued at about $32,000. CVA Family Office LLC boosted its stake in shares of Vistra by 1,505.9% during the 3rd quarter. CVA Family Office LLC now owns 273 shares of the company’s stock worth $32,000 after purchasing an additional 256 shares during the last quarter. Finally, EdgeRock Capital LLC acquired a new stake in shares of Vistra during the 2nd quarter worth about $34,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Stock Down 4.4 %

Shares of NYSE:VST opened at $119.51 on Friday. The stock has a 50-day simple moving average of $107.98 and a 200-day simple moving average of $92.32. The stock has a market capitalization of $41.06 billion, a P/E ratio of 87.88 and a beta of 1.09. Vistra Corp. has a 1 year low of $33.84 and a 1 year high of $143.87. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.88 and a current ratio of 0.98.

Vistra (NYSE:VST) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.69). Vistra had a return on equity of 21.05% and a net margin of 4.61%. The business had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $4.04 billion. During the same quarter in the prior year, the firm earned $1.03 earnings per share. Equities analysts forecast that Vistra Corp. will post 4.02 earnings per share for the current year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be given a $0.221 dividend. The ex-dividend date of this dividend is Friday, December 20th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a yield of 0.74%. Vistra’s dividend payout ratio (DPR) is 64.71%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on VST shares. UBS Group reduced their price objective on shares of Vistra from $157.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, October 22nd. Royal Bank of Canada increased their price target on Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Jefferies Financial Group lifted their price objective on Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. Guggenheim increased their target price on Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Finally, BNP Paribas initiated coverage on Vistra in a report on Monday, October 14th. They issued an “outperform” rating and a $231.00 price target for the company. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Vistra presently has an average rating of “Buy” and a consensus price target of $145.40.

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.