180 Wealth Advisors LLC Invests $600,000 in Vistra Corp. (NYSE:VST)

180 Wealth Advisors LLC purchased a new stake in shares of Vistra Corp. (NYSE:VST) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,355 shares of the company’s stock, valued at approximately $600,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Founders Capital Management acquired a new position in Vistra during the 4th quarter worth $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Vistra during the third quarter worth $30,000. Mark Sheptoff Financial Planning LLC acquired a new position in shares of Vistra during the third quarter valued at $30,000. CVA Family Office LLC boosted its holdings in Vistra by 1,505.9% in the third quarter. CVA Family Office LLC now owns 273 shares of the company’s stock valued at $32,000 after acquiring an additional 256 shares during the last quarter. Finally, RPg Family Wealth Advisory LLC acquired a new stake in Vistra in the third quarter worth about $36,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Insider Activity

In related news, EVP Scott A. Hudson sold 115,000 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $164.16, for a total transaction of $18,878,400.00. Following the sale, the executive vice president now directly owns 254,932 shares in the company, valued at $41,849,637.12. This trade represents a 31.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Scott B. Helm sold 20,000 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $139.77, for a total transaction of $2,795,400.00. Following the completion of the transaction, the director now directly owns 343,350 shares of the company’s stock, valued at approximately $47,990,029.50. The trade was a 5.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 342,100 shares of company stock worth $55,087,314 in the last 90 days. Corporate insiders own 1.42% of the company’s stock.

Vistra Price Performance

VST opened at $170.21 on Wednesday. The company has a fifty day simple moving average of $148.72 and a 200 day simple moving average of $114.84. 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 $57.91 billion, a P/E ratio of 31.76, a P/E/G ratio of 1.86 and a beta of 1.21. Vistra Corp. has a 12 month low of $38.95 and a 12 month high of $175.00.

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

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th were given a dividend of $0.221 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.52%. This is a positive change from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is currently 16.42%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. UBS Group upped their target price on shares of Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. BMO Capital Markets increased their price objective on shares of Vistra from $146.00 to $147.00 and gave the company an “outperform” rating in a report on Tuesday, October 29th. Morgan Stanley raised their price objective 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. Jefferies Financial Group upped their target price on shares of Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. Finally, Royal Bank of Canada raised their price target on Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Ten analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $151.50.

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.