ArrowMark Colorado Holdings LLC Sells 5,205 Shares of Vistra Corp. (NYSE:VST)

ArrowMark Colorado Holdings LLC lowered its position in Vistra Corp. (NYSE:VST) by 0.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 690,140 shares of the company’s stock after selling 5,205 shares during the quarter. Vistra comprises 1.0% of ArrowMark Colorado Holdings LLC’s investment portfolio, making the stock its 29th largest holding. ArrowMark Colorado Holdings LLC’s holdings in Vistra were worth $81,809,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Ascent Group LLC boosted its holdings in shares of Vistra by 308.5% in the third quarter. Ascent Group LLC now owns 14,736 shares of the company’s stock worth $1,747,000 after acquiring an additional 11,129 shares during the period. Avala Global LP purchased a new position in Vistra during the 3rd quarter valued at about $38,656,000. Kestra Investment Management LLC increased its position in shares of Vistra by 136.3% during the third quarter. Kestra Investment Management LLC now owns 15,836 shares of the company’s stock valued at $1,877,000 after buying an additional 9,133 shares during the period. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of Vistra in the third quarter worth about $30,000. Finally, Eventide Asset Management LLC grew its stake in Vistra by 37.0% during the third quarter. Eventide Asset Management LLC now owns 676,388 shares of the company’s stock valued at $80,179,000 after acquiring an additional 182,585 shares in the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Vistra Price Performance

Shares of NYSE:VST opened at $159.84 on Monday. The company’s fifty day moving average is $133.51 and its 200 day moving average is $102.37. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. Vistra Corp. has a 52 week low of $34.89 and a 52 week high of $168.67. The stock has a market cap of $54.38 billion, a PE ratio of 29.82, a PEG ratio of 2.05 and a beta of 1.09.

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 issued a dividend of $0.221 per share. The ex-dividend date of this dividend is Friday, December 20th. This is a boost from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a yield of 0.55%. Vistra’s dividend payout ratio is currently 16.42%.

Vistra announced that its Board of Directors has approved a share repurchase program on Thursday, November 7th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to buy up to 2.1% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

Several brokerages have commented on VST. JPMorgan Chase & Co. started coverage on shares of Vistra in a report on Thursday, October 17th. They issued an “overweight” rating and a $178.00 price target for the company. UBS Group decreased their target price on Vistra from $157.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, October 22nd. Guggenheim lifted their price target on Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. BNP Paribas started coverage on shares of Vistra in a research report on Monday, October 14th. They issued an “outperform” rating and a $231.00 price objective on the stock. Finally, Jefferies Financial Group lifted 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. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Vistra presently has an average rating of “Buy” and a consensus target price of $149.10.

Insider Buying and Selling

In other Vistra news, 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 transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Stephen J. Muscato sold 207,100 shares of the stock in a transaction dated 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 sale, the executive vice president now owns 318,287 shares of the company’s stock, valued at approximately $51,352,424.58. This represents a 39.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.42% of the stock is owned by corporate insiders.

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.