Vistra Corp. (NYSE:VST) Shares Sold by MML Investors Services LLC

MML Investors Services LLC decreased its position in shares of Vistra Corp. (NYSE:VST) by 1.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,798 shares of the company’s stock after selling 210 shares during the quarter. MML Investors Services LLC’s holdings in Vistra were worth $2,584,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of VST. Blue Trust Inc. boosted its position in shares of Vistra by 412.9% during the second quarter. Blue Trust Inc. now owns 3,862 shares of the company’s stock worth $332,000 after buying an additional 3,109 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in Vistra by 71.8% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 152,760 shares of the company’s stock worth $13,134,000 after acquiring an additional 63,839 shares during the period. Chevy Chase Trust Holdings LLC bought a new position in shares of Vistra in the second quarter worth $15,343,000. Fifth Third Bancorp increased its holdings in shares of Vistra by 29.0% during the second quarter. Fifth Third Bancorp now owns 1,905 shares of the company’s stock valued at $164,000 after purchasing an additional 428 shares during the period. Finally, Fifth Third Wealth Advisors LLC bought a new stake in shares of Vistra during the second quarter valued at about $225,000. Institutional investors own 90.88% of the company’s stock.

Vistra Stock Down 0.1 %

Shares of Vistra stock opened at $144.89 on Monday. Vistra Corp. has a 12-month low of $37.38 and a 12-month high of $168.67. The firm has a market capitalization of $49.30 billion, a PE ratio of 27.03, a price-to-earnings-growth ratio of 1.86 and a beta of 1.16. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. The stock’s fifty day moving average is $139.60 and its 200-day moving average is $106.16.

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 issued a dividend of $0.221 per share. This represents a $0.88 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend is Friday, December 20th. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is presently 16.42%.

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

Analyst Upgrades and Downgrades

VST has been the subject of a number of recent analyst reports. Morgan Stanley increased their target price on shares of Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Royal Bank of Canada raised their price objective on shares of Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Jefferies Financial Group boosted their target price on Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. BNP Paribas initiated coverage on Vistra in a research note on Monday, October 14th. They set an “outperform” rating and a $231.00 price target for the company. Finally, UBS Group dropped their price objective on Vistra from $157.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, October 22nd. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat, Vistra currently has a consensus rating of “Buy” and a consensus price target of $149.10.

Insider Buying and Selling at Vistra

In related news, EVP Stephen J. Muscato sold 207,100 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $161.34, for a total value 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 approximately $51,352,424.58. This represents a 39.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Scott A. Hudson sold 115,000 shares of Vistra 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 transaction, the executive vice president now owns 254,932 shares in the company, valued at approximately $41,849,637.12. The trade was a 31.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 342,100 shares of company stock valued at $55,087,314. 1.42% of the stock is currently owned by corporate insiders.

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.