1,256 Shares in Vistra Corp. (NYSE:VST) Acquired by CX Institutional

CX Institutional bought a new position in shares of Vistra Corp. (NYSE:VST) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,256 shares of the company’s stock, valued at approximately $173,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Avior Wealth Management LLC lifted its stake in Vistra by 56.5% during the fourth quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock worth $25,000 after purchasing an additional 65 shares during the last quarter. Founders Capital Management acquired a new position in Vistra during the fourth quarter worth approximately $28,000. West Branch Capital LLC acquired a new position in Vistra during the fourth quarter worth approximately $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Vistra during the third quarter worth approximately $30,000. Finally, Mark Sheptoff Financial Planning LLC acquired a new position in Vistra during the third quarter worth approximately $30,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Vistra Stock Down 0.5 %

Vistra stock opened at $191.01 on Monday. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. Vistra Corp. has a 1-year low of $39.69 and a 1-year high of $199.84. The company has a market cap of $64.99 billion, a PE ratio of 35.64, a price-to-earnings-growth ratio of 1.77 and a beta of 1.21. The stock’s 50 day moving average price is $156.19 and its 200 day moving average price is $120.47.

Vistra (NYSE:VST) last posted its quarterly earnings results on Thursday, November 7th. The company reported $5.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $4.01. Vistra had a return on equity of 57.63% and a net margin of 12.51%. The firm had revenue of $6.29 billion for the quarter, compared to the consensus estimate of $4.96 billion. During the same period in the previous year, the business earned $1.25 earnings per share. On average, sell-side analysts predict that Vistra Corp. will post 4.48 EPS for the current fiscal year.

Vistra announced that its Board of Directors has initiated a stock buyback plan on Thursday, November 7th that authorizes the company to repurchase $1.00 billion in outstanding 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 shares are undervalued.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th were given a dividend of $0.221 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.46%. This is an increase from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, December 20th. Vistra’s payout ratio is presently 16.60%.

Insiders Place Their Bets

In other Vistra news, Director Scott B. Helm sold 20,000 shares of the business’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 sale, the director now directly owns 343,350 shares in the company, valued at approximately $47,990,029.50. The trade was a 5.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Scott A. Hudson sold 115,000 shares of the business’s stock in a transaction 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 sale, 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 have sold 342,100 shares of company stock worth $55,087,314. 1.42% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

VST has been the topic of several research analyst reports. Morgan Stanley lifted their price target on Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Guggenheim lifted 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. JPMorgan Chase & Co. started coverage on Vistra in a report on Thursday, October 17th. They issued an “overweight” rating and a $178.00 target price on the stock. BNP Paribas started coverage on Vistra in a report on Monday, October 14th. They issued an “outperform” rating and a $231.00 target price on the stock. Finally, Royal Bank of Canada boosted their target price on Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $168.20.

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.