World Investment Advisors LLC Purchases New Stake in Vistra Corp. (NYSE:VST)

World Investment Advisors LLC acquired a new position in shares of Vistra Corp. (NYSE:VSTFree Report) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 2,958 shares of the company’s stock, valued at approximately $351,000.

Several other institutional investors and hedge funds also recently bought and sold shares of VST. Redwood Wealth Management Group LLC acquired a new position in shares of Vistra in the second quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Vistra in the third quarter valued at about $30,000. Mark Sheptoff Financial Planning LLC acquired a new position in Vistra in the 3rd quarter worth about $30,000. CVA Family Office LLC raised its stake in shares of 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 purchasing an additional 256 shares in the last quarter. Finally, EdgeRock Capital LLC acquired a new stake in shares of Vistra during the 2nd quarter valued at about $34,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on VST shares. BMO Capital Markets increased their price objective on Vistra from $146.00 to $147.00 and gave the stock an “outperform” rating in a report on Tuesday, October 29th. BNP Paribas initiated coverage on shares of Vistra in a research note on Monday, October 14th. They set an “outperform” rating and a $231.00 price target on the stock. Morgan Stanley lifted their price objective 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. Guggenheim increased 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. Finally, Jefferies Financial Group boosted their price target on Vistra from $99.00 to $137.00 and gave the stock 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, the company has an average rating of “Buy” and a consensus target price of $149.10.

Check Out Our Latest Analysis on VST

Insider Activity at Vistra

In other news, Director Scott B. Helm sold 20,000 shares of Vistra stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $139.77, for a total transaction of $2,795,400.00. Following the sale, the director now owns 343,350 shares of the company’s stock, valued at approximately $47,990,029.50. This trade represents a 5.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 shares were 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 of the company’s stock, valued at $41,849,637.12. The trade was a 31.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 342,100 shares of company stock worth $55,087,314 in the last ninety days. 1.42% of the stock is currently owned by insiders.

Vistra Price Performance

NYSE VST opened at $132.89 on Thursday. Vistra Corp. has a twelve month low of $37.38 and a twelve month high of $168.67. The stock has a market capitalization of $45.21 billion, a PE ratio of 24.79, a P/E/G ratio of 1.86 and a beta of 1.16. The stock has a 50-day simple moving average of $140.12 and a 200 day simple moving average of $106.73. 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 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 given a dividend of $0.221 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.88 dividend on an annualized basis and a yield of 0.67%. This is a positive change from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is 16.42%.

Vistra declared that its Board of Directors has initiated a share repurchase plan on Thursday, November 7th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to reacquire up to 2.1% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Vistra Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding VST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vistra Corp. (NYSE:VSTFree Report).

Institutional Ownership by Quarter for Vistra (NYSE:VST)

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