Amalgamated Bank Sells 4,036 Shares of Vistra Corp. (NYSE:VST)

Amalgamated Bank lowered its holdings in shares of Vistra Corp. (NYSE:VST) by 5.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 72,521 shares of the company’s stock after selling 4,036 shares during the quarter. Amalgamated Bank’s holdings in Vistra were worth $9,998,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rothschild Investment LLC increased its position in shares of Vistra by 34.2% during the 4th quarter. Rothschild Investment LLC now owns 463 shares of the company’s stock valued at $64,000 after purchasing an additional 118 shares during the last quarter. Crestwood Advisors Group LLC purchased a new position in Vistra during the fourth quarter worth $209,000. IFP Advisors Inc increased its position in Vistra by 14.2% during the fourth quarter. IFP Advisors Inc now owns 4,525 shares of the company’s stock valued at $624,000 after acquiring an additional 564 shares during the last quarter. RWC Asset Management LLP purchased a new stake in shares of Vistra in the fourth quarter valued at $19,762,000. Finally, Cherry Tree Wealth Management LLC raised its stake in shares of Vistra by 2,030.0% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 213 shares of the company’s stock valued at $29,000 after acquiring an additional 203 shares during the period. 90.88% of the stock is owned by hedge funds and other institutional investors.

Vistra Trading Down 3.4 %

Shares of NYSE VST opened at $137.86 on Wednesday. Vistra Corp. has a twelve month low of $48.22 and a twelve month high of $199.84. The firm has a market cap of $46.90 billion, a PE ratio of 25.72, a price-to-earnings-growth ratio of 1.12 and a beta of 1.22. The business has a fifty day simple moving average of $160.10 and a two-hundred day simple moving average of $133.60. 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 Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 20th will be issued a $0.2235 dividend. This is an increase from Vistra’s previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a dividend yield of 0.65%. The ex-dividend date is Thursday, March 20th. Vistra’s payout ratio is presently 16.42%.

Vistra declared that its board has approved a stock buyback program on Thursday, November 7th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 2.1% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities analysts recently commented on VST shares. Evercore ISI began coverage on shares of Vistra in a report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price target on the stock. Bank of America assumed coverage on Vistra in a research report on Monday, January 27th. They set a “neutral” rating and a $206.00 target price for the company. BMO Capital Markets increased their price target on Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Morgan Stanley boosted their price objective on Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Finally, UBS Group increased their target price on Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. One 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 currently has an average rating of “Moderate Buy” and a consensus price target of $171.64.

Insider Buying and Selling

In related news, Director Scott B. Helm sold 20,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 343,350 shares of the company’s stock, valued at $47,990,029.50. The trade was a 5.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.42% of the stock is owned by insiders.

Vistra 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.