Principal Street Partners LLC Decreases Position in Vistra Corp. (NYSE:VST)

Principal Street Partners LLC decreased its position in shares of Vistra Corp. (NYSE:VST) by 79.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,552 shares of the company’s stock after selling 10,068 shares during the quarter. Principal Street Partners LLC’s holdings in Vistra were worth $303,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Vistra during the 3rd quarter valued at about $30,000. CVA Family Office LLC boosted its holdings in Vistra by 1,505.9% in the third quarter. CVA Family Office LLC now owns 273 shares of the company’s stock worth $32,000 after purchasing an additional 256 shares during the last quarter. Redwood Wealth Management Group LLC bought a new stake in Vistra in the 2nd quarter worth approximately $26,000. ORG Wealth Partners LLC bought a new stake in Vistra in the 3rd quarter worth approximately $40,000. Finally, Fortitude Family Office LLC raised its stake in Vistra by 125.0% during the 3rd quarter. Fortitude Family Office LLC now owns 360 shares of the company’s stock valued at $43,000 after buying an additional 200 shares during the last quarter. Institutional investors own 90.88% of the company’s stock.

Insider Buying and Selling

In related news, EVP Stephen J. Muscato sold 207,100 shares of the business’s stock in a transaction dated 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 directly owns 318,287 shares in the company, valued at approximately $51,352,424.58. The trade was a 39.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Scott A. Hudson sold 115,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 254,932 shares of the company’s stock, valued at $41,849,637.12. This represents a 31.09 % decrease in their position. The disclosure for this sale can be found here. 1.42% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. BMO Capital Markets raised their price target on Vistra from $146.00 to $147.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. UBS Group cut their price target on Vistra from $157.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, October 22nd. Guggenheim increased their price objective on shares of Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. BNP Paribas assumed coverage on shares of Vistra in a research report on Monday, October 14th. They set an “outperform” rating and a $231.00 target price for the company. Finally, Morgan Stanley increased their price target on shares of Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $149.10.

Vistra Price Performance

NYSE:VST opened at $162.63 on Wednesday. The business’s 50-day simple moving average is $128.54 and its two-hundred day simple moving average is $100.54. Vistra Corp. has a 52 week low of $34.70 and a 52 week high of $168.67. The stock has a market cap of $55.33 billion, a PE ratio of 30.34, a P/E/G ratio of 1.98 and a beta of 1.09. 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 declared that its board has authorized 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 purchase up to 2.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be paid a dividend of $0.221 per share. This represents a $0.88 annualized dividend and a yield of 0.54%. The ex-dividend date is Friday, December 20th. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is 16.42%.

Vistra Company 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.