Enclave Advisors LLC Acquires Shares of 2,032 Vistra Corp. (NYSE:VST)

Enclave Advisors LLC bought a new position in Vistra Corp. (NYSE:VST) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,032 shares of the company’s stock, valued at approximately $280,000.

Other institutional investors also recently added to or reduced their stakes in the company. Forum Financial Management LP lifted its position in shares of Vistra by 0.7% in the third quarter. Forum Financial Management LP now owns 11,527 shares of the company’s stock valued at $1,366,000 after acquiring an additional 80 shares in the last quarter. Umpqua Bank boosted its position in shares of Vistra by 2.2% in the third quarter. Umpqua Bank now owns 3,780 shares of the company’s stock worth $448,000 after acquiring an additional 81 shares during the last quarter. OneDigital Investment Advisors LLC boosted its holdings in shares of Vistra by 3.0% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,809 shares of the company’s stock valued at $333,000 after purchasing an additional 81 shares during the last quarter. Douglass Winthrop Advisors LLC grew its position in Vistra by 0.9% during the third quarter. Douglass Winthrop Advisors LLC now owns 11,335 shares of the company’s stock valued at $1,344,000 after acquiring an additional 100 shares during the period. Finally, Fiduciary Financial Group LLC grew its holdings in shares of Vistra by 4.1% during the 4th quarter. Fiduciary Financial Group LLC now owns 2,651 shares of the company’s stock worth $365,000 after purchasing an additional 105 shares during the period. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Wall Street Analysts Forecast Growth

VST has been the subject of a number of research reports. Evercore ISI initiated coverage on shares of Vistra in a research report on Tuesday. They set an “outperform” rating and a $202.00 price target for the company. Morgan Stanley lifted their price target on shares of Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. JPMorgan Chase & Co. assumed coverage on Vistra in a research note on Thursday, October 17th. They set an “overweight” rating and a $178.00 price objective on the stock. UBS Group increased their target price on shares of Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Finally, Jefferies Financial Group raised 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 equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Vistra has a consensus rating of “Buy” and a consensus target price of $163.80.

Vistra Stock Up 8.5 %

VST stock opened at $185.31 on Wednesday. The firm’s 50-day moving average is $153.26 and its two-hundred day moving average is $118.41. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. The company has a market capitalization of $63.05 billion, a price-to-earnings ratio of 34.57, a price-to-earnings-growth ratio of 1.62 and a beta of 1.21. Vistra Corp. has a 52 week low of $39.13 and a 52 week high of $188.77.

Vistra (NYSE:VST) last announced its earnings results on Thursday, November 7th. The company reported $5.25 earnings per share for the quarter, beating the consensus estimate of $1.24 by $4.01. The business had revenue of $6.29 billion during the quarter, compared to analysts’ expectations of $4.96 billion. Vistra had a return on equity of 57.63% and a net margin of 12.51%. During the same quarter last year, the business posted $1.25 earnings per share. On average, analysts forecast that Vistra Corp. will post 4.48 earnings per share for the current fiscal year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 20th were issued a $0.221 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.48%. This is a boost from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, December 20th. Vistra’s payout ratio is presently 16.60%.

Vistra declared that its Board of Directors has authorized a stock repurchase plan on Thursday, November 7th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to buy up to 2.1% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In other news, EVP Stephen J. Muscato sold 207,100 shares of Vistra stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $161.34, for a total transaction of $33,413,514.00. Following the transaction, the executive vice president now owns 318,287 shares in the company, valued at approximately $51,352,424.58. The trade was a 39.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Scott A. Hudson sold 115,000 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $164.16, for a total transaction of $18,878,400.00. Following the completion of the sale, the executive vice president now directly owns 254,932 shares of the company’s stock, valued at $41,849,637.12. This trade represents a 31.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 342,100 shares of company stock valued at $55,087,314. 1.42% of the stock is owned by corporate insiders.

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.