Chevy Chase Trust Holdings LLC Has $21.85 Million Stock Position in Vistra Corp. (NYSE:VST)

Chevy Chase Trust Holdings LLC increased its stake in shares of Vistra Corp. (NYSE:VST) by 3.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 184,354 shares of the company’s stock after acquiring an additional 5,904 shares during the period. Chevy Chase Trust Holdings LLC owned about 0.05% of Vistra worth $21,853,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA lifted its holdings in shares of Vistra by 115.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,532,657 shares of the company’s stock valued at $217,758,000 after purchasing an additional 1,356,488 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in Vistra by 1,358.2% in the 2nd 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. Marshall Wace LLP boosted its position in Vistra by 315.9% during the 2nd quarter. Marshall Wace LLP now owns 1,175,811 shares of the company’s stock worth $101,096,000 after acquiring an additional 893,093 shares during the last quarter. Point72 Asset Management L.P. grew its stake in shares of Vistra by 121.1% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,536,192 shares of the company’s stock worth $132,082,000 after acquiring an additional 841,292 shares in the last quarter. Finally, Rubric Capital Management LP raised its holdings in shares of Vistra by 60.1% in the third quarter. Rubric Capital Management LP now owns 2,125,000 shares of the company’s stock valued at $251,898,000 after purchasing an additional 797,894 shares during the last quarter. 90.88% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Stephen J. Muscato sold 207,100 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $161.34, for a total transaction 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 $51,352,424.58. The trade was a 39.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Scott A. Hudson sold 115,000 shares of the business’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 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 disclosure for this sale can be found here. Corporate insiders own 1.42% of the company’s stock.

Vistra Stock Up 0.0 %

Shares of NYSE VST opened at $154.16 on Wednesday. Vistra Corp. has a 52-week low of $35.99 and a 52-week high of $168.67. The company’s 50 day moving average price is $135.20 and its 200-day moving average price is $103.22. The company has a market capitalization of $52.45 billion, a P/E ratio of 28.76, a price-to-earnings-growth ratio of 1.98 and a beta of 1.16. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11.

Vistra announced that its Board of Directors has approved a stock repurchase program on Thursday, November 7th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 2.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be paid a dividend of $0.221 per share. The ex-dividend date is Friday, December 20th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a yield of 0.57%. Vistra’s dividend payout ratio is currently 16.42%.

Wall Street Analysts Forecast Growth

VST has been the subject of several recent research reports. Morgan Stanley increased their target price on shares of Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. UBS Group decreased their price objective on Vistra from $157.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, October 22nd. Jefferies Financial Group upped 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. Guggenheim boosted their price target on 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 Vistra in a report on Monday, October 14th. They issued an “outperform” rating and a $231.00 price objective for the company. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $149.10.

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.