1,990 Shares in Vistra Corp. (NYSE:VST) Acquired by IronBridge Private Wealth LLC

IronBridge Private Wealth LLC acquired a new stake in Vistra Corp. (NYSE:VST) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,990 shares of the company’s stock, valued at approximately $236,000.

Other institutional investors also recently modified their holdings of the company. Lone Pine Capital LLC raised its holdings in shares of Vistra by 6.6% in the 2nd quarter. Lone Pine Capital LLC now owns 6,838,007 shares of the company’s stock worth $587,932,000 after purchasing an additional 425,126 shares during the period. Massachusetts Financial Services Co. MA grew its position in Vistra by 51.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,826,631 shares of the company’s stock valued at $453,609,000 after purchasing an additional 1,293,974 shares during the last quarter. Janus Henderson Group PLC increased its position in Vistra by 36.0% during the third quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company’s stock valued at $448,320,000 after acquiring an additional 1,000,307 shares during the last quarter. Castle Hook Partners LP lifted its stake in shares of Vistra by 33.5% during the 3rd quarter. Castle Hook Partners LP now owns 2,610,273 shares of the company’s stock valued at $309,422,000 after buying an additional 654,568 shares in the last quarter. Finally, Rubric Capital Management LP grew 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 in the last quarter. Institutional investors own 90.88% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. JPMorgan Chase & Co. initiated coverage on shares of Vistra in a research report on Thursday, October 17th. They set an “overweight” rating and a $178.00 target price on the stock. Guggenheim raised their target price on shares of Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Royal Bank of Canada raised their price objective on shares of Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. BMO Capital Markets raised their target price on Vistra from $146.00 to $147.00 and gave the company an “outperform” rating in a report on Tuesday, October 29th. Finally, BNP Paribas initiated coverage on shares of Vistra in a report on Monday, October 14th. They set an “outperform” rating and a $231.00 price target for the company. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Vistra has a consensus rating of “Buy” and an average target price of $149.10.

Vistra Trading Down 3.6 %

Shares of VST stock opened at $154.16 on Tuesday. 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 stock has a 50 day simple moving average of $134.36 and a 200-day simple moving average of $102.80. The company has a market cap of $52.45 billion, a price-to-earnings ratio of 28.76, a PEG ratio of 2.05 and a beta of 1.16. Vistra Corp. has a 1-year low of $35.99 and a 1-year high of $168.67.

Vistra Increases Dividend

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

Vistra declared that its Board of Directors has initiated a share repurchase program on Thursday, November 7th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 2.1% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Activity at Vistra

In other news, 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 of the company’s stock, valued at approximately $41,849,637.12. The trade was a 31.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Stephen J. Muscato sold 207,100 shares of the stock in a transaction 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 transaction, the executive vice president now owns 318,287 shares in the company, valued at approximately $51,352,424.58. This trade represents a 39.42 % decrease in their position. 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.