Fiduciary Alliance LLC Buys New Position in Vistra Corp. (NYSE:VST)

Fiduciary Alliance LLC bought a new position in Vistra Corp. (NYSE:VST - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 24,803 shares of the company's stock, valued at approximately $3,420,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Empire Life Investments Inc. purchased a new position in shares of Vistra in the third quarter worth about $23,028,000. Retirement Systems of Alabama lifted 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 valued at $9,361,000 after acquiring an additional 6,920 shares during the period. Terra Nova Asset Management LLC acquired a new stake in shares of Vistra in the third quarter worth $842,000. Czech National Bank raised its holdings in shares of Vistra by 12.4% during the third quarter. Czech National Bank now owns 69,987 shares of the company's stock worth $8,296,000 after purchasing an additional 7,747 shares during the last quarter. Finally, First Sabrepoint Capital Management LP acquired a new position in Vistra during the third quarter valued at $17,781,000. Institutional investors and hedge funds own 90.88% of the company's stock.

Vistra Trading Down 2.5 %

Shares of VST stock traded down $4.10 on Monday, hitting $162.63. 6,267,059 shares of the stock traded hands, compared to its average volume of 7,258,047. Vistra Corp. has a twelve month low of $38.95 and a twelve month high of $169.19. The stock has a market capitalization of $55.33 billion, a PE ratio of 30.34, a PEG ratio of 1.86 and a beta of 1.21. The firm's 50-day moving average price is $147.78 and its two-hundred day moving average price is $114.31. 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 declared that its board has initiated a stock buyback program on Thursday, November 7th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to purchase up to 2.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board believes its stock is undervalued.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 20th were issued a $0.221 dividend. The ex-dividend date was Friday, December 20th. This is a boost from Vistra's previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a yield of 0.54%. Vistra's dividend payout ratio is currently 16.42%.

Insider Buying and Selling

In related news, EVP Scott A. Hudson sold 115,000 shares of Vistra stock in a transaction on Monday, November 25th. The stock was sold at an average price of $164.16, for a total value of $18,878,400.00. Following the completion of the transaction, the executive vice president now directly owns 254,932 shares in the company, valued at approximately $41,849,637.12. This trade represents a 31.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Scott B. Helm sold 20,000 shares of the company's stock in a transaction that occurred 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 sale, the director now owns 343,350 shares in the company, valued at $47,990,029.50. The trade was a 5.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 342,100 shares of company stock worth $55,087,314. Company insiders own 1.42% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on VST shares. Morgan Stanley lifted their price objective on Vistra from $135.00 to $169.00 and gave the company an "overweight" rating in a research note on Friday, November 22nd. Royal Bank of Canada lifted their price target on Vistra from $105.00 to $141.00 and gave the company an "outperform" rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. initiated coverage on shares of Vistra in a research report on Thursday, October 17th. They issued an "overweight" rating and a $178.00 price objective for the company. BNP Paribas assumed coverage on shares of Vistra in a research note on Monday, October 14th. They issued an "outperform" rating and a $231.00 price target on the stock. Finally, UBS Group boosted their price target on Vistra from $161.00 to $174.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $151.50.

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.