Segra Capital Management LLC Takes Position in Vistra Corp. (NYSE:VST)

Segra Capital Management LLC bought a new stake in shares of Vistra Corp. (NYSE:VST) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 130,700 shares of the company’s stock, valued at approximately $15,493,000. Vistra accounts for approximately 6.0% of Segra Capital Management LLC’s investment portfolio, making the stock its 7th biggest holding.

Other large investors have also added to or reduced their stakes in the company. Redwood Wealth Management Group LLC acquired a new position in shares of Vistra during the second quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Vistra in the 3rd quarter valued at about $30,000. Mark Sheptoff Financial Planning LLC bought a new stake in Vistra in the 3rd quarter valued at about $30,000. CVA Family Office LLC raised its stake in Vistra by 1,505.9% during the 3rd quarter. CVA Family Office LLC now owns 273 shares of the company’s stock worth $32,000 after buying an additional 256 shares during the period. Finally, EdgeRock Capital LLC bought a new position in Vistra in the second quarter worth approximately $34,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Price Performance

VST opened at $148.38 on Tuesday. The firm’s fifty day moving average price is $138.42 and its two-hundred day moving average price is $105.01. The company has a market capitalization of $50.48 billion, a price-to-earnings ratio of 27.68, a P/E/G ratio of 2.05 and a beta of 1.16. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. Vistra Corp. has a 1 year low of $36.47 and a 1 year high of $168.67.

Vistra declared that its board has authorized a share buyback plan on Thursday, November 7th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to repurchase up to 2.1% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Vistra Increases Dividend

The company also recently declared 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 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 0.60%. Vistra’s payout ratio is 16.42%.

Insiders Place Their Bets

In other Vistra news, 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 value of $18,878,400.00. Following the completion of the transaction, the executive vice president now owns 254,932 shares in the company, valued at $41,849,637.12. This represents a 31.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Stephen J. Muscato sold 207,100 shares of Vistra 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 sale, the executive vice president now owns 318,287 shares in the company, valued at $51,352,424.58. The trade was 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 currently owned by insiders.

Analyst Ratings Changes

VST has been the subject of several recent research reports. BNP Paribas assumed coverage on Vistra in a report on Monday, October 14th. They set an “outperform” rating and a $231.00 price objective for the company. Morgan Stanley boosted their price target on shares of Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. BMO Capital Markets upped their price objective on shares of Vistra from $146.00 to $147.00 and gave the stock an “outperform” rating in a report on Tuesday, October 29th. Guggenheim lifted their price objective on shares of Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Finally, UBS Group lowered their target price on shares of Vistra from $157.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, October 22nd. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $149.10.

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.