Deseret Mutual Benefit Administrators Sells 121 Shares of Vistra Corp. (NYSE:VST)

Deseret Mutual Benefit Administrators lowered its position in shares of Vistra Corp. (NYSE:VST) by 24.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 380 shares of the company’s stock after selling 121 shares during the quarter. Deseret Mutual Benefit Administrators’ holdings in Vistra were worth $52,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Avior Wealth Management LLC lifted its position in shares of Vistra by 56.5% during the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock worth $25,000 after buying an additional 65 shares in the last quarter. Pathway Financial Advisers LLC lifted its position in shares of Vistra by 616.0% during the 4th quarter. Pathway Financial Advisers LLC now owns 179 shares of the company’s stock worth $25,000 after buying an additional 154 shares in the last quarter. Founders Capital Management bought a new stake in shares of Vistra in the 4th quarter worth approximately $28,000. West Branch Capital LLC bought a new stake in shares of Vistra in the 4th quarter worth approximately $28,000. Finally, Comprehensive Financial Planning Inc. PA bought a new stake in shares of Vistra in the 4th quarter worth approximately $28,000. Institutional investors own 90.88% of the company’s stock.

Insider Transactions at Vistra

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. UBS Group lifted their price target on shares of Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Morgan Stanley lifted their price target on shares of Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Bank of America assumed coverage on shares of Vistra in a report on Monday, January 27th. They issued a “neutral” rating and a $206.00 price target on the stock. Evercore ISI assumed coverage on shares of Vistra in a report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price target on the stock. Finally, BMO Capital Markets lifted their price target on shares of Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Vistra has an average rating of “Moderate Buy” and an average price target of $171.64.

Vistra Trading Down 7.8 %

Vistra stock opened at $150.51 on Friday. The stock has a market cap of $51.21 billion, a P/E ratio of 28.08, a PEG ratio of 1.12 and a beta of 1.22. Vistra Corp. has a fifty-two week low of $46.18 and a fifty-two week high of $199.84. The firm’s fifty day moving average price is $160.19 and its 200-day moving average price is $132.33. 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 declared that its Board of Directors has initiated a share 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 management believes its shares are undervalued.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 20th will be issued a $0.2235 dividend. This represents a $0.89 annualized dividend and a dividend yield of 0.59%. This is a boost from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio is presently 16.60%.

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.