Legacy Capital Group California Inc. Has $273,000 Holdings in Vistra Corp. (NYSE:VST)

Legacy Capital Group California Inc. grew its stake in Vistra Corp. (NYSE:VST) by 12.4% in the fourth quarter, HoldingsChannel reports. The fund owned 1,977 shares of the company’s stock after acquiring an additional 218 shares during the period. Legacy Capital Group California Inc.’s holdings in Vistra were worth $273,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Creative Planning lifted its stake in shares of Vistra by 33.3% during the third quarter. Creative Planning now owns 31,052 shares of the company’s stock valued at $3,681,000 after acquiring an additional 7,753 shares during the period. Foundations Investment Advisors LLC acquired a new position in Vistra during the 3rd quarter valued at about $216,000. Signaturefd LLC boosted its stake in shares of Vistra by 12.6% in the 3rd quarter. Signaturefd LLC now owns 2,604 shares of the company’s stock valued at $309,000 after purchasing an additional 292 shares during the last quarter. Private Advisor Group LLC grew its position in shares of Vistra by 4.8% during the 3rd quarter. Private Advisor Group LLC now owns 8,366 shares of the company’s stock worth $992,000 after buying an additional 381 shares during the period. Finally, Hartford Investment Management Co. raised its stake in shares of Vistra by 3.4% during the third quarter. Hartford Investment Management Co. now owns 21,700 shares of the company’s stock worth $2,572,000 after buying an additional 718 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on VST. UBS Group raised their price objective on shares of Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Bank of America assumed coverage on Vistra in a research report on Monday, January 27th. They issued a “neutral” rating and a $206.00 price target on the stock. Evercore ISI began coverage on Vistra in a report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price objective for the company. BMO Capital Markets raised their target price on Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Finally, Morgan Stanley boosted their target price on Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $171.64.

Vistra Stock Down 7.8 %

Shares of Vistra stock opened at $150.51 on Friday. Vistra Corp. has a 1 year low of $46.18 and a 1 year high of $199.84. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. The company has a market capitalization of $51.21 billion, a P/E ratio of 28.08, a price-to-earnings-growth ratio of 1.16 and a beta of 1.22. The business has a 50-day moving average of $160.19 and a two-hundred day moving average of $131.92.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 20th will be issued a dividend of $0.2235 per share. This is an increase from Vistra’s previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a yield of 0.59%. Vistra’s dividend payout ratio (DPR) is 16.60%.

Vistra announced that its Board of Directors has initiated a share 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 shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Vistra

In other Vistra news, Director Scott B. Helm sold 20,000 shares of Vistra stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $139.77, for a total value of $2,795,400.00. Following the sale, the director now owns 343,350 shares of the company’s stock, valued at $47,990,029.50. This trade represents a 5.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Scott A. Hudson sold 115,000 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were 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 owns 254,932 shares in the company, valued at approximately $41,849,637.12. This trade represents a 31.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.42% of the company’s stock.

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.