Vistra Corp. (NYSE:VST) Holdings Decreased by Signet Financial Management LLC

Signet Financial Management LLC reduced its holdings in Vistra Corp. (NYSE:VST) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,735 shares of the company’s stock after selling 525 shares during the period. Signet Financial Management LLC’s holdings in Vistra were worth $5,892,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of VST. Massachusetts Financial Services Co. MA boosted its holdings in shares of Vistra by 115.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,532,657 shares of the company’s stock worth $217,758,000 after purchasing an additional 1,356,488 shares during the period. Thrivent Financial for Lutherans raised its position in Vistra by 1,358.2% during the second quarter. Thrivent Financial for Lutherans now owns 1,228,144 shares of the company’s stock valued at $105,596,000 after acquiring an additional 1,143,918 shares in the last quarter. State Street Corp lifted its stake in shares of Vistra by 6.8% in the 3rd quarter. State Street Corp now owns 16,355,255 shares of the company’s stock valued at $1,938,752,000 after purchasing an additional 1,037,402 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Vistra by 36.0% in the third quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company’s stock worth $448,320,000 after purchasing an additional 1,000,307 shares in the last quarter. Finally, Marshall Wace LLP increased its position in Vistra by 315.9% during the second quarter. Marshall Wace LLP now owns 1,175,811 shares of the company’s stock worth $101,096,000 after buying an additional 893,093 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Vistra Stock Performance

Vistra stock traded down $4.10 on Monday, hitting $162.63. The company’s stock had a trading volume of 6,266,349 shares, compared to its average volume of 7,238,984. The company has a fifty day moving average price of $147.78 and a 200-day moving average price of $114.31. The firm has a market cap of $55.33 billion, a P/E ratio of 30.34, a price-to-earnings-growth ratio of 1.86 and a beta of 1.21. Vistra Corp. has a one year low of $38.95 and a one year high of $169.19. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68.

Vistra announced that its board has approved a stock buyback plan on Thursday, November 7th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 2.1% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th were given a $0.221 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.54%. This is a boost from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, December 20th. Vistra’s dividend payout ratio is 16.42%.

Insiders Place Their Bets

In related news, EVP Scott A. Hudson sold 115,000 shares of the firm’s stock in a transaction 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Stephen J. Muscato sold 207,100 shares of the 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 in the company, valued at $51,352,424.58. The trade was a 39.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 342,100 shares of company stock worth $55,087,314 over the last three months. 1.42% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on VST. Royal Bank of Canada raised their price objective on Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. BNP Paribas began coverage on shares of Vistra in a research report on Monday, October 14th. They issued an “outperform” rating and a $231.00 price target on the stock. Morgan Stanley raised their target price on shares of Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. UBS Group boosted their target price on shares of Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Finally, Guggenheim raised their price target on Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $151.50.

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.