C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Purchases New Position in Vistra Corp. (NYSE:VST)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of Vistra Corp. (NYSE:VST - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 9,225 shares of the company's stock, valued at approximately $1,177,000.

Other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp lifted its stake in shares of Vistra by 6.8% during the third quarter. State Street Corp now owns 16,355,255 shares of the company's stock valued at $1,938,752,000 after acquiring an additional 1,037,402 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of Vistra by 51.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,826,631 shares of the company's stock worth $453,609,000 after buying an additional 1,293,974 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of Vistra by 36.0% during the third quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company's stock worth $448,320,000 after buying an additional 1,000,307 shares in the last quarter. Castle Hook Partners LP boosted its position in Vistra by 33.5% during the third quarter. Castle Hook Partners LP now owns 2,610,273 shares of the company's stock valued at $309,422,000 after purchasing an additional 654,568 shares during the last quarter. Finally, Rubric Capital Management LP boosted its position in Vistra by 60.1% during the third quarter. Rubric Capital Management LP now owns 2,125,000 shares of the company's stock valued at $251,898,000 after purchasing an additional 797,894 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Scott B. Helm sold 20,000 shares of Vistra 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 sale, the director now owns 343,350 shares of the company's stock, valued at approximately $47,990,029.50. This trade represents a 5.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Scott A. Hudson sold 115,000 shares of Vistra stock in a transaction on Monday, November 25th. The shares were sold at an average price of $164.16, for a total value of $18,878,400.00. Following the sale, the executive vice president now directly owns 254,932 shares of the company's stock, valued at $41,849,637.12. This represents a 31.09 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.42% of the company's stock.

Vistra Stock Down 7.8 %

Shares of Vistra stock traded down $12.67 on Friday, hitting $150.51. The company had a trading volume of 9,944,101 shares, compared to its average volume of 8,996,157. 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 stock has a market capitalization of $51.21 billion, a price-to-earnings ratio of 28.08, a P/E/G ratio of 1.16 and a beta of 1.22. The stock has a 50 day moving average of $160.08 and a 200-day moving average of $131.37. Vistra Corp. has a 1 year low of $46.18 and a 1 year high of $199.84.

Vistra announced that its board has authorized a share buyback 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 stock through open market purchases. Stock buyback plans are typically a sign that the company's leadership believes its stock is undervalued.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 20th will be given a $0.2235 dividend. 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 yield of 0.59%. Vistra's dividend payout ratio (DPR) is currently 16.60%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Morgan Stanley increased their price target on Vistra from $135.00 to $169.00 and gave the company an "overweight" rating in a research report on Friday, November 22nd. BMO Capital Markets raised their price objective on Vistra from $151.00 to $191.00 and gave the company an "outperform" rating in a research report on Wednesday, January 22nd. UBS Group lifted their price target on Vistra from $161.00 to $174.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. Evercore ISI started coverage on Vistra in a research note on Tuesday, January 21st. They set an "outperform" rating and a $202.00 price objective on the stock. Finally, Bank of America began coverage on Vistra in a research note on Monday, January 27th. They issued a "neutral" rating and a $206.00 price target on the stock. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $171.64.

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.