Chevy Chase Trust Holdings LLC Acquires 5,904 Shares of Vistra Corp. (NYSE:VST)

Chevy Chase Trust Holdings LLC increased its position in Vistra Corp. (NYSE:VST - Free Report) by 3.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 184,354 shares of the company's stock after purchasing an additional 5,904 shares during the quarter. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Vistra worth $21,853,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA raised its stake in shares of Vistra by 115.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,532,657 shares of the company's stock worth $217,758,000 after purchasing an additional 1,356,488 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in Vistra by 1,358.2% in the 2nd quarter. Thrivent Financial for Lutherans now owns 1,228,144 shares of the company's stock valued at $105,596,000 after buying an additional 1,143,918 shares in the last quarter. Marshall Wace LLP grew its holdings in Vistra by 315.9% in the 2nd quarter. Marshall Wace LLP now owns 1,175,811 shares of the company's stock valued at $101,096,000 after buying an additional 893,093 shares in the last quarter. Point72 Asset Management L.P. grew its holdings in Vistra by 121.1% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,536,192 shares of the company's stock valued at $132,082,000 after buying an additional 841,292 shares in the last quarter. Finally, Rubric Capital Management LP grew its holdings in Vistra by 60.1% in the 3rd quarter. Rubric Capital Management LP now owns 2,125,000 shares of the company's stock valued at $251,898,000 after buying an additional 797,894 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Vistra Trading Up 4.6 %

NYSE VST traded up $7.15 during trading hours on Wednesday, hitting $161.31. 5,260,684 shares of the company's stock were exchanged, compared to its average volume of 6,837,155. The stock has a 50-day simple moving average of $135.20 and a 200 day simple moving average of $103.22. Vistra Corp. has a 1-year low of $36.17 and a 1-year high of $168.67. The firm has a market cap of $54.88 billion, a price-to-earnings ratio of 29.93, a PEG ratio of 1.98 and a beta of 1.16. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68.

Vistra announced that its Board of Directors has initiated a stock buyback program on Thursday, November 7th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to reacquire up to 2.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its stock is undervalued.

Vistra Increases Dividend

The company 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. This represents a $0.88 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date is Friday, December 20th. This is a boost from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio (DPR) is 16.42%.

Insider Buying and Selling at Vistra

In other news, EVP Stephen J. Muscato sold 207,100 shares of Vistra stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $161.34, for a total value of $33,413,514.00. Following the completion of the transaction, the executive vice president now directly owns 318,287 shares in the company, valued at approximately $51,352,424.58. The trade was a 39.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Scott A. Hudson sold 115,000 shares of the business'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 transaction, 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 disclosure for this sale can be found here. Insiders own 1.42% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Royal Bank of Canada increased their target price on Vistra from $105.00 to $141.00 and gave the stock an "outperform" rating in a report on Thursday, October 3rd. Jefferies Financial Group upped their price objective on Vistra from $99.00 to $137.00 and gave the stock a "buy" rating in a research report on Tuesday, September 24th. UBS Group dropped their price objective on Vistra from $157.00 to $150.00 and set a "buy" rating for the company in a research report on Tuesday, October 22nd. BNP Paribas initiated coverage on Vistra in a research report on Monday, October 14th. They set an "outperform" rating and a $231.00 price objective for the company. Finally, BMO Capital Markets upped their price objective on Vistra from $146.00 to $147.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 29th. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $149.10.

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.