World Investment Advisors LLC Takes Position in Vistra Corp. (NYSE:VST)

World Investment Advisors LLC bought a new position in shares of Vistra Corp. (NYSE:VST) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 252,260 shares of the company’s stock, valued at approximately $29,903,000.

Several other institutional investors have also bought and sold shares of VST. Redwood Wealth Management Group LLC acquired a new stake in shares of Vistra during the 2nd quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Vistra during the third quarter worth about $30,000. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Vistra during the third quarter worth approximately $30,000. CVA Family Office LLC raised its stake in shares of Vistra by 1,505.9% in the third quarter. CVA Family Office LLC now owns 273 shares of the company’s stock valued at $32,000 after acquiring an additional 256 shares during the last quarter. Finally, EdgeRock Capital LLC acquired a new position in shares of Vistra in the 2nd quarter worth approximately $34,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Morgan Stanley raised their target price on Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. BNP Paribas initiated coverage on shares of Vistra in a research report on Monday, October 14th. They issued an “outperform” rating and a $231.00 price objective for the company. Guggenheim upped 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 target on shares of Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. assumed coverage on Vistra in a report on Thursday, October 17th. They set an “overweight” rating and a $178.00 price objective on the stock. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus 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 firm’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. This trade represents a 31.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Stephen J. Muscato sold 207,100 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $161.34, for a total value of $33,413,514.00. Following the transaction, the executive vice president now directly owns 318,287 shares of the company’s stock, valued at $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 currently owned by company insiders.

Vistra Price Performance

Vistra stock opened at $160.10 on Friday. The company has a market capitalization of $54.47 billion, a price-to-earnings ratio of 29.87, a PEG ratio of 2.07 and a beta of 1.16. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. Vistra Corp. has a 12 month low of $36.17 and a 12 month high of $168.67. The stock’s 50 day moving average is $137.82 and its 200-day moving average is $104.50.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be paid a $0.221 dividend. This is a boost from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Friday, December 20th. Vistra’s payout ratio is 16.42%.

Vistra announced that its Board of Directors has initiated a stock repurchase 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 generally a sign that the company’s management believes its stock is undervalued.

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.