Terra Nova Asset Management LLC Acquires 517 Shares of Vistra Corp. (NYSE:VST)

Terra Nova Asset Management LLC lifted its holdings in shares of Vistra Corp. (NYSE:VST) by 7.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,616 shares of the company’s stock after purchasing an additional 517 shares during the quarter. Terra Nova Asset Management LLC’s holdings in Vistra were worth $1,050,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of VST. State Street Corp raised its holdings in Vistra by 6.8% during the third quarter. State Street Corp now owns 16,355,255 shares of the company’s stock valued at $1,938,752,000 after buying an additional 1,037,402 shares in the last quarter. Lone Pine Capital LLC raised its stake in shares of Vistra by 6.6% in the 2nd quarter. Lone Pine Capital LLC now owns 6,838,007 shares of the company’s stock valued at $587,932,000 after acquiring an additional 425,126 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Vistra by 51.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,826,631 shares of the company’s stock worth $453,609,000 after purchasing an additional 1,293,974 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Vistra by 36.0% during the third quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company’s stock valued at $448,320,000 after purchasing an additional 1,000,307 shares during the last quarter. Finally, Castle Hook Partners LP grew its holdings in Vistra by 33.5% during the third quarter. Castle Hook Partners LP now owns 2,610,273 shares of the company’s stock valued at $309,422,000 after purchasing an additional 654,568 shares during the last quarter. Institutional investors own 90.88% of the company’s stock.

Analyst Ratings Changes

VST has been the subject of several recent analyst reports. Guggenheim upped their price objective on shares of Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Royal Bank of Canada raised their price target on Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. BMO Capital Markets boosted their price objective on Vistra from $146.00 to $147.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. UBS Group raised their target price on Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Finally, Jefferies Financial Group upped their price target on Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Ten analysts have rated the stock with a buy rating, According to MarketBeat, Vistra currently has a consensus rating of “Buy” and an average target price of $151.50.

Insider Buying and Selling

In other Vistra news, Director Scott B. Helm sold 20,000 shares of Vistra stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $139.77, for a total transaction of $2,795,400.00. Following the completion of the transaction, the director now directly owns 343,350 shares of the company’s stock, valued at approximately $47,990,029.50. This trade represents a 5.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Stephen J. Muscato sold 207,100 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $161.34, for a total transaction of $33,413,514.00. Following the completion of the sale, the executive vice president now owns 318,287 shares in the company, valued at $51,352,424.58. This represents a 39.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 342,100 shares of company stock valued at $55,087,314 over the last quarter. Corporate insiders own 1.42% of the company’s stock.

Vistra Stock Down 1.7 %

VST opened at $171.10 on Monday. The company has a market capitalization of $58.21 billion, a P/E ratio of 31.92, a P/E/G ratio of 1.56 and a beta of 1.21. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. The firm’s fifty day moving average price is $151.89 and its two-hundred day moving average price is $117.17. Vistra Corp. has a fifty-two week low of $39.08 and a fifty-two week high of $178.40.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 20th were paid a $0.221 dividend. The ex-dividend date was Friday, December 20th. This represents a $0.88 dividend on an annualized basis and a yield of 0.52%. This is a boost from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is presently 16.60%.

Vistra declared that its Board of Directors has approved a stock repurchase program on Thursday, November 7th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 2.1% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Vistra 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.