ArrowMark Colorado Holdings LLC Sells 5,205 Shares of Vistra Corp. (NYSE:VST)

ArrowMark Colorado Holdings LLC cut its stake in Vistra Corp. (NYSE:VST - Free Report) by 0.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 690,140 shares of the company's stock after selling 5,205 shares during the period. Vistra accounts for about 1.0% of ArrowMark Colorado Holdings LLC's investment portfolio, making the stock its 29th biggest position. ArrowMark Colorado Holdings LLC owned approximately 0.20% of Vistra worth $81,809,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Redwood Wealth Management Group LLC bought a new stake in shares of Vistra during the second quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Vistra in the 3rd quarter valued at $30,000. Mark Sheptoff Financial Planning LLC bought a new position in shares of Vistra in the 3rd quarter worth $30,000. CVA Family Office LLC grew its stake in shares of Vistra by 1,505.9% during the third 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. Finally, EdgeRock Capital LLC acquired a new stake in shares of Vistra during the second quarter worth $34,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on VST. BMO Capital Markets raised their target price on Vistra from $146.00 to $147.00 and gave the stock an "outperform" rating in a report on Tuesday, October 29th. BNP Paribas initiated coverage on shares of Vistra in a report on Monday, October 14th. They set an "outperform" rating and a $231.00 price objective for the company. Morgan Stanley increased their target price on shares of Vistra from $135.00 to $169.00 and gave the stock an "overweight" rating in a report on Friday, November 22nd. JPMorgan Chase & Co. started coverage on shares of Vistra in a research report on Thursday, October 17th. They set an "overweight" rating and a $178.00 price target on the stock. Finally, UBS Group lowered their price objective on shares of Vistra from $157.00 to $150.00 and set a "buy" rating for the company in a research report on Tuesday, October 22nd. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $149.10.

Insider Buying and Selling

In related news, EVP Scott A. Hudson sold 115,000 shares of Vistra stock in a transaction dated 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 sale, the executive vice president now owns 254,932 shares of the company's stock, valued at approximately $41,849,637.12. The trade was a 31.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Stephen J. Muscato sold 207,100 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $161.34, for a total value of $33,413,514.00. Following the transaction, the executive vice president now directly owns 318,287 shares of the company's stock, valued at $51,352,424.58. This trade represents a 39.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.42% of the stock is owned by corporate insiders.

Vistra Stock Down 3.6 %

NYSE VST traded down $5.68 on Monday, reaching $154.16. The company had a trading volume of 4,838,515 shares, compared to its average volume of 6,853,751. The company's fifty day moving average is $133.51 and its 200-day moving average is $102.37. The firm has a market capitalization of $52.45 billion, a price-to-earnings ratio of 29.19, a price-to-earnings-growth ratio of 2.05 and a beta of 1.09. 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 Corp. has a 1-year low of $35.99 and a 1-year high of $168.67.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be given a dividend of $0.221 per share. This is a boost from Vistra's previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a dividend yield of 0.57%. The ex-dividend date is Friday, December 20th. Vistra's dividend payout ratio is currently 16.42%.

Vistra declared 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 shares. This repurchase authorization permits the company to buy up to 2.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

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.