Vistra Corp. (NYSE:VST) Shares Bought by Global Financial Private Client LLC

Global Financial Private Client LLC increased its position in Vistra Corp. (NYSE:VST) by 35.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,332 shares of the company’s stock after acquiring an additional 351 shares during the period. Global Financial Private Client LLC’s holdings in Vistra were worth $184,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Wright Investors Service Inc. bought a new position in Vistra in the 4th quarter worth about $283,000. Gunderson Capital Management Inc. boosted its position in shares of Vistra by 7.5% during the fourth quarter. Gunderson Capital Management Inc. now owns 43,427 shares of the company’s stock worth $5,987,000 after buying an additional 3,026 shares during the period. AdvisorNet Financial Inc grew its holdings in Vistra by 315.1% in the 4th quarter. AdvisorNet Financial Inc now owns 631 shares of the company’s stock worth $87,000 after buying an additional 479 shares in the last quarter. Friedenthal Financial acquired a new stake in Vistra in the 4th quarter valued at approximately $778,000. Finally, Grassi Investment Management bought a new stake in Vistra during the 4th quarter valued at $383,000. 90.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on VST. Jefferies Financial Group increased their price target on Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Guggenheim raised their target price on shares of Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. UBS Group boosted their price target on shares of Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. 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 objective on the stock. Finally, Royal Bank of Canada upped their target price on Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $151.50.

Vistra Price Performance

NYSE VST opened at $170.21 on Wednesday. Vistra Corp. has a 1 year low of $38.95 and a 1 year high of $175.00. The business’s fifty day moving average is $148.72 and its two-hundred day moving average is $114.84. The stock has a market capitalization of $57.91 billion, a P/E ratio of 31.76, a P/E/G ratio of 1.86 and a beta of 1.21. 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 was paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th were given a dividend of $0.221 per share. The ex-dividend date of this dividend was Friday, December 20th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.52%. Vistra’s payout ratio is 16.42%.

Vistra announced that its board has initiated a share buyback plan on Thursday, November 7th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to buy up to 2.1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Activity

In other Vistra 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 transaction of $33,413,514.00. Following the sale, the executive vice president now owns 318,287 shares in the company, valued at approximately $51,352,424.58. The trade was a 39.42 % decrease in their position. 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 company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $164.16, for a total transaction of $18,878,400.00. Following the sale, the executive vice president now directly owns 254,932 shares of the company’s stock, valued at $41,849,637.12. This represents 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 valued at $55,087,314 over the last three months. Insiders own 1.42% of the company’s stock.

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.