Oak Grove Capital LLC Sells 180 Shares of Vistra Corp. (NYSE:VST)

Oak Grove Capital LLC lowered its stake in Vistra Corp. (NYSE:VST) by 0.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,670 shares of the company’s stock after selling 180 shares during the quarter. Vistra accounts for approximately 0.4% of Oak Grove Capital LLC’s portfolio, making the stock its 28th largest position. Oak Grove Capital LLC’s holdings in Vistra were worth $2,712,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Lionsbridge Wealth Management LLC bought a new stake in Vistra in the fourth quarter valued at $277,000. Dakota Wealth Management bought a new stake in Vistra in the 4th quarter valued at about $231,000. Retirement Systems of Alabama raised its stake in Vistra by 9.6% during the 3rd quarter. Retirement Systems of Alabama now owns 78,965 shares of the company’s stock worth $9,361,000 after buying an additional 6,920 shares during the period. First Sabrepoint Capital Management LP bought a new position in Vistra in the third quarter worth approximately $17,781,000. Finally, Legal Advantage Investments Inc. acquired a new stake in Vistra in the fourth quarter valued at approximately $565,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Insider Transactions at Vistra

In other Vistra news, Director Scott B. Helm sold 20,000 shares of the stock in a transaction 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 completion of the transaction, the director now directly owns 343,350 shares of the company’s stock, valued at approximately $47,990,029.50. This represents a 5.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.42% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on VST. UBS Group upped their target price on Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Morgan Stanley upped their price objective on shares of Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. BMO Capital Markets lifted their price objective on shares of Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. 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 target price for the company. Finally, Bank of America raised shares of Vistra from a “neutral” rating to a “buy” rating and dropped their price target for the company from $164.00 to $152.00 in a research report on Tuesday. Eleven analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $166.73.

Vistra Price Performance

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

Vistra declared that its Board of Directors has approved a share repurchase plan on Thursday, November 7th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 2.1% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its shares are undervalued.

Vistra Increases Dividend

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

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.