Invst LLC Has $1.81 Million Stock Holdings in Vistra Corp. (NYSE:VST)

Invst LLC reduced its position in Vistra Corp. (NYSE:VST) by 2.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 15,265 shares of the company’s stock after selling 352 shares during the period. Invst LLC’s holdings in Vistra were worth $1,810,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Sunbelt Securities Inc. grew its holdings in Vistra by 37.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 6,311 shares of the company’s stock worth $748,000 after acquiring an additional 1,704 shares during the period. Chiron Investment Management LLC lifted its stake in shares of Vistra by 251.2% in the 3rd quarter. Chiron Investment Management LLC now owns 6,739 shares of the company’s stock valued at $799,000 after purchasing an additional 4,820 shares during the period. MidWestOne Financial Group Inc. bought a new position in shares of Vistra in the 3rd quarter worth $1,215,000. First Sabrepoint Capital Management LP acquired a new stake in shares of Vistra during the third quarter worth $17,781,000. Finally, Segra Capital Management LLC bought a new stake in Vistra in the third quarter valued at about $15,493,000. Institutional investors own 90.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on VST shares. Morgan Stanley raised their target price on Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. JPMorgan Chase & Co. started coverage on shares of 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 lowered their target price on shares of Vistra from $157.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, October 22nd. Guggenheim lifted their price target on shares of 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 started coverage on shares of Vistra in a research report on Monday, October 14th. They issued an “outperform” rating and a $231.00 price objective for the company. Ten research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $149.10.

Insider Buying and Selling at Vistra

In other news, EVP Stephen J. Muscato sold 207,100 shares of the stock in a transaction dated 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 transaction, the executive vice president now directly owns 318,287 shares in the company, valued at $51,352,424.58. This represents a 39.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Scott A. Hudson sold 115,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $164.16, for a total value of $18,878,400.00. Following the completion of the transaction, the executive vice president now owns 254,932 shares of the company’s stock, valued at $41,849,637.12. The trade was a 31.09 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.42% of the company’s stock.

Vistra Price Performance

Shares of NYSE VST opened at $141.55 on Wednesday. The company has a fifty day moving average price of $138.80 and a 200 day moving average price of $105.29. The firm has a market cap of $48.16 billion, a PE ratio of 26.41, a PEG ratio of 2.05 and a beta of 1.16. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. Vistra Corp. has a 1-year low of $36.47 and a 1-year high of $168.67.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be given a dividend of $0.221 per share. This is a boost from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend is Friday, December 20th. Vistra’s dividend payout ratio is currently 16.42%.

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

About Vistra

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.