BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Decreases Stake in Vistra Corp. (NYSE:VST)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its stake in shares of Vistra Corp. (NYSE:VST - Free Report) by 13.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,973 shares of the company's stock after selling 8,659 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Vistra were worth $6,872,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Vistra during the third quarter worth about $30,000. CVA Family Office LLC lifted its stake in Vistra by 1,505.9% in the third quarter. CVA Family Office LLC now owns 273 shares of the company's stock valued at $32,000 after buying an additional 256 shares during the last quarter. RPg Family Wealth Advisory LLC acquired a new stake in shares of Vistra in the third quarter valued at approximately $36,000. Redwood Wealth Management Group LLC acquired a new stake in shares of Vistra in the second quarter valued at approximately $26,000. Finally, ORG Wealth Partners LLC purchased a new position in shares of Vistra during the third quarter worth approximately $40,000. 90.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on VST. Jefferies Financial Group increased their price target on shares of Vistra from $99.00 to $137.00 and gave the stock a "buy" rating in a research note on Tuesday, September 24th. Guggenheim upped their target price on shares of Vistra from $133.00 to $177.00 and gave the company a "buy" rating in a report on Tuesday, October 8th. Royal Bank of Canada raised their price target on Vistra from $105.00 to $141.00 and gave the stock an "outperform" rating in a report on Thursday, October 3rd. UBS Group reduced their price objective on Vistra from $157.00 to $150.00 and set a "buy" rating for the company in a research note on Tuesday, October 22nd. Finally, BNP Paribas started coverage on Vistra in a research note on Monday, October 14th. They issued an "outperform" rating and a $231.00 target price on the stock. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Vistra has a consensus rating of "Buy" and a consensus target price of $149.10.

Insider Buying and Selling at Vistra

In other Vistra news, EVP Stephen J. Muscato sold 207,100 shares of Vistra stock in a transaction 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 owns 318,287 shares in the company, valued at $51,352,424.58. This trade represents a 39.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Scott A. Hudson sold 115,000 shares of the firm's 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 completion of the transaction, the executive vice president now 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 disclosure for this sale can be found here. 1.42% of the stock is currently owned by insiders.

Vistra Price Performance

NYSE:VST traded down $5.68 during trading hours on Monday, hitting $154.16. The company's stock had a trading volume of 4,838,515 shares, compared to its average volume of 6,853,751. Vistra Corp. has a 52-week low of $35.99 and a 52-week high of $168.67. 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 business's 50-day moving average is $133.51 and its two-hundred day moving average is $102.37. The company has a market capitalization of $52.45 billion, a PE ratio of 29.19, a PEG ratio of 2.05 and a beta of 1.09.

Vistra Increases Dividend

The company also recently announced 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. This is a boost from Vistra's previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Friday, December 20th. Vistra's payout ratio is presently 16.42%.

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

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.