24,803 Shares in Vistra Corp. (NYSE:VST) Bought by Fiduciary Alliance LLC

Fiduciary Alliance LLC acquired a new position in shares of Vistra Corp. (NYSE:VST) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 24,803 shares of the company’s stock, valued at approximately $3,420,000.

A number of other institutional investors have also made changes to their positions in VST. Private Advisor Group LLC grew its stake in shares of Vistra by 13.4% during the second quarter. Private Advisor Group LLC now owns 7,985 shares of the company’s stock worth $687,000 after purchasing an additional 946 shares during the period. Acadian Asset Management LLC bought a new position in Vistra during the second quarter worth about $700,000. Choreo LLC bought a new position in Vistra during the second quarter worth about $462,000. Forsta AP Fonden bought a new position in Vistra during the second quarter worth about $5,331,000. Finally, Oppenheimer & Co. Inc. lifted its holdings in Vistra by 22.8% during the second quarter. Oppenheimer & Co. Inc. now owns 57,419 shares of the company’s stock worth $4,937,000 after acquiring an additional 10,678 shares in the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on VST shares. Morgan Stanley lifted 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. BMO Capital Markets lifted their target price on Vistra from $146.00 to $147.00 and gave the stock an “outperform” rating in a report on Tuesday, October 29th. BNP Paribas assumed coverage on Vistra in a report on Monday, October 14th. They set an “outperform” rating and a $231.00 target price on the stock. Jefferies Financial Group boosted their price target on Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Finally, JPMorgan Chase & Co. assumed coverage on Vistra in a report on Thursday, October 17th. They issued an “overweight” rating and a $178.00 price target on the stock. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $151.50.

Insider Activity

In related news, EVP Scott A. Hudson sold 115,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $164.16, for a total value of $18,878,400.00. Following the completion of the sale, the executive vice president now directly 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Stephen J. Muscato sold 207,100 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $161.34, for a total value of $33,413,514.00. Following the sale, the executive vice president now owns 318,287 shares of the company’s stock, valued at $51,352,424.58. The trade was a 39.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over 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 insiders.

Vistra Stock Performance

Shares of Vistra stock traded down $6.92 on Monday, hitting $159.81. The stock had a trading volume of 1,489,010 shares, compared to its average volume of 6,515,208. Vistra Corp. has a twelve month low of $38.95 and a twelve month high of $169.19. The business’s 50 day moving average is $147.78 and its two-hundred day moving average is $114.31. 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 has a market cap of $54.37 billion, a price-to-earnings ratio of 29.82, a price-to-earnings-growth ratio of 1.86 and a beta of 1.21.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th were given a $0.221 dividend. This is an increase from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.88 annualized dividend and a dividend yield of 0.55%. Vistra’s dividend payout ratio is presently 16.42%.

Vistra announced 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 repurchase up to 2.1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.

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.