Vistra Corp. (NYSE:VST) Shares Purchased by Colonial River Investments LLC

Colonial River Investments LLC boosted its holdings in Vistra Corp. (NYSE:VST) by 15.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,245 shares of the company’s stock after buying an additional 966 shares during the quarter. Colonial River Investments LLC’s holdings in Vistra were worth $999,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Peregrine Asset Advisers Inc. grew its position in Vistra by 3.2% in the fourth quarter. Peregrine Asset Advisers Inc. now owns 2,064 shares of the company’s stock worth $285,000 after buying an additional 64 shares during the last quarter. Avior Wealth Management LLC grew its position in Vistra by 56.5% in the fourth quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock worth $25,000 after buying an additional 65 shares during the last quarter. Galvin Gaustad & Stein LLC grew its position in Vistra by 3.6% in the fourth quarter. Galvin Gaustad & Stein LLC now owns 2,077 shares of the company’s stock worth $286,000 after buying an additional 73 shares during the last quarter. Forum Financial Management LP grew its position in Vistra by 0.7% during the 3rd quarter. Forum Financial Management LP now owns 11,527 shares of the company’s stock worth $1,366,000 after purchasing an additional 80 shares in the last quarter. Finally, Umpqua Bank grew its position in Vistra by 2.2% during the 3rd quarter. Umpqua Bank now owns 3,780 shares of the company’s stock worth $448,000 after purchasing an additional 81 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Trading Down 7.8 %

Vistra stock opened at $150.51 on Monday. The company’s fifty day simple moving average is $160.19 and its 200-day simple moving average is $132.74. 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 Corp. has a 12 month low of $46.18 and a 12 month high of $199.84. The stock has a market cap of $51.21 billion, a P/E ratio of 28.08, a P/E/G ratio of 1.12 and a beta of 1.22.

Vistra announced that its board has initiated a stock 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 shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 20th will be paid a $0.2235 dividend. This represents a $0.89 annualized dividend and a dividend yield of 0.59%. This is a positive change from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is presently 16.60%.

Insider Activity at Vistra

In related news, Director Scott B. Helm sold 20,000 shares of Vistra stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $139.77, for a total value of $2,795,400.00. Following the completion of the sale, the director now owns 343,350 shares of the company’s stock, valued at approximately $47,990,029.50. The trade was a 5.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.42% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Morgan Stanley lifted their price objective 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. UBS Group lifted their price objective 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. Evercore ISI assumed coverage on shares of Vistra in a research report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price objective on the stock. BMO Capital Markets lifted their price objective on shares of Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Finally, Bank of America assumed coverage on shares of Vistra in a research report on Monday, January 27th. They set a “neutral” rating and a $206.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $171.64.

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.