Fidelis Capital Partners LLC Raises Stock Holdings in Vistra Corp. (NYSE:VST)

Fidelis Capital Partners LLC boosted its position in shares of Vistra Corp. (NYSE:VST) by 10.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,540 shares of the company’s stock after buying an additional 244 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Vistra were worth $350,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in VST. SBI Securities Co. Ltd. purchased a new stake in shares of Vistra during the fourth quarter worth about $758,000. Jones Financial Companies Lllp raised its position in Vistra by 355.8% during the 4th quarter. Jones Financial Companies Lllp now owns 6,408 shares of the company’s stock valued at $883,000 after purchasing an additional 5,002 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in Vistra by 24.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,172 shares of the company’s stock worth $304,000 after buying an additional 420 shares during the period. Bridges Investment Management Inc. grew its position in shares of Vistra by 15.0% in the 4th quarter. Bridges Investment Management Inc. now owns 2,322 shares of the company’s stock worth $320,000 after buying an additional 302 shares during the last quarter. Finally, Maia Wealth LLC purchased a new position in shares of Vistra during the fourth quarter valued at approximately $347,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on VST shares. Bank of America raised Vistra from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $164.00 to $152.00 in a research note on Tuesday. Morgan Stanley raised their target price 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. BMO Capital Markets boosted their price target on shares of Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Evercore ISI began coverage on shares of Vistra in a report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price objective for the company. Finally, UBS Group lifted their price objective on Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Eleven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $166.73.

Insider Transactions at Vistra

In other news, Director Scott B. Helm sold 20,000 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were 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 in the company, valued at $47,990,029.50. This represents a 5.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.42% of the company’s stock.

Vistra Stock Performance

Shares of VST opened at $126.89 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. The stock has a market cap of $43.17 billion, a P/E ratio of 23.67, a P/E/G ratio of 1.12 and a beta of 1.21. The business’s 50 day moving average price is $159.79 and its 200-day moving average price is $135.12. Vistra Corp. has a 52 week low of $56.92 and a 52 week high of $199.84.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 20th will be issued a $0.2235 dividend. This represents a $0.89 annualized dividend and a yield of 0.70%. This is an increase from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date is Thursday, March 20th. Vistra’s payout ratio is 12.62%.

Vistra announced that its Board of Directors has approved a stock repurchase plan on Thursday, November 7th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 2.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

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.