Anthracite Investment Company Inc. Sells 28,480 Shares of Vistra Corp. (NYSE:VST)

Anthracite Investment Company Inc. reduced its position in Vistra Corp. (NYSE:VST - Free Report) by 51.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,520 shares of the company's stock after selling 28,480 shares during the quarter. Vistra comprises about 1.4% of Anthracite Investment Company Inc.'s investment portfolio, making the stock its 26th biggest position. Anthracite Investment Company Inc.'s holdings in Vistra were worth $3,144,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in VST. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Vistra during the 3rd quarter valued at $30,000. CVA Family Office LLC raised its position in shares of Vistra by 1,505.9% during the 3rd quarter. CVA Family Office LLC now owns 273 shares of the company's stock worth $32,000 after purchasing an additional 256 shares during the period. Redwood Wealth Management Group LLC bought a new stake in shares of Vistra in the 2nd quarter worth approximately $26,000. ORG Wealth Partners LLC bought a new position in Vistra during the 3rd quarter worth $40,000. Finally, Fortitude Family Office LLC increased its position in Vistra by 125.0% in the third quarter. Fortitude Family Office LLC now owns 360 shares of the company's stock worth $43,000 after buying an additional 200 shares during the period. Hedge funds and other institutional investors own 90.88% of the company's stock.

Vistra Stock Performance

Shares of Vistra stock traded down $0.25 during midday trading on Wednesday, hitting $154.61. The company had a trading volume of 4,437,065 shares, compared to its average volume of 6,891,813. The business's 50 day simple moving average is $124.02 and its two-hundred day simple moving average is $98.90. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. Vistra Corp. has a 1-year low of $34.25 and a 1-year high of $157.72. The stock has a market cap of $52.60 billion, a PE ratio of 28.85 and a beta of 1.09.

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

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be paid a $0.221 dividend. The ex-dividend date is 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 0.57%. Vistra's dividend payout ratio (DPR) is presently 16.42%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Royal Bank of Canada increased their price objective on shares of Vistra from $105.00 to $141.00 and gave the stock an "outperform" rating in a report on Thursday, October 3rd. Morgan Stanley upped their price objective on shares of Vistra from $110.00 to $132.00 and gave the stock an "overweight" rating in a report on Monday, September 23rd. UBS Group dropped their price target on shares of Vistra from $157.00 to $150.00 and set a "buy" rating on the stock in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. started coverage on Vistra in a report on Thursday, October 17th. They set an "overweight" rating and a $178.00 target price on the stock. Finally, BMO Capital Markets lifted their price target on Vistra from $146.00 to $147.00 and gave the company an "outperform" rating in a research report on Tuesday, October 29th. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Vistra has an average rating of "Buy" and an average price target of $145.40.

Vistra Company 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.