Chiron Investment Management LLC Purchases 4,820 Shares of Vistra Corp. (NYSE:VST)

Chiron Investment Management LLC raised its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 251.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,739 shares of the company's stock after acquiring an additional 4,820 shares during the period. Chiron Investment Management LLC's holdings in Vistra were worth $799,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Redwood Wealth Management Group LLC acquired a new stake in shares of Vistra in the second quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Vistra in the third quarter worth $30,000. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Vistra in the third quarter worth $30,000. CVA Family Office LLC boosted its position in shares of Vistra by 1,505.9% in the third quarter. CVA Family Office LLC now owns 273 shares of the company's stock worth $32,000 after buying an additional 256 shares during the period. Finally, EdgeRock Capital LLC acquired a new stake in shares of Vistra in the second quarter worth $34,000. Institutional investors own 90.88% of the company's stock.

Insider Transactions at Vistra

In related news, EVP Stephen J. Muscato sold 207,100 shares of the business's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $161.34, for a total transaction of $33,413,514.00. Following the transaction, the executive vice president now directly owns 318,287 shares in the company, valued at $51,352,424.58. The trade was a 39.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Scott A. Hudson sold 115,000 shares of the business's stock in a transaction dated 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 transaction, the executive vice president now owns 254,932 shares in the company, valued at $41,849,637.12. This 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 corporate insiders.

Vistra Stock Up 4.0 %

Shares of NYSE:VST traded up $5.61 on Wednesday, reaching $147.13. The company had a trading volume of 3,408,202 shares, compared to its average volume of 6,794,669. Vistra Corp. has a twelve month low of $36.81 and a twelve month high of $168.67. The stock has a 50-day moving average price of $138.80 and a 200 day moving average price of $105.29. The stock has a market capitalization of $50.06 billion, a P/E ratio of 27.12, a P/E/G ratio of 2.05 and a beta of 1.16. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68.

Vistra declared that its Board of Directors has initiated a stock repurchase plan on Thursday, November 7th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 2.1% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's leadership believes its stock is undervalued.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be paid a $0.221 dividend. The ex-dividend date of this dividend is Friday, December 20th. This is a positive change from Vistra's previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.60%. Vistra's payout ratio is presently 16.42%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on VST. Royal Bank of Canada lifted their price objective on Vistra from $105.00 to $141.00 and gave the company an "outperform" rating in a research report on Thursday, October 3rd. Guggenheim lifted their price objective on Vistra from $133.00 to $177.00 and gave the company a "buy" rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. began coverage on Vistra in a research report on Thursday, October 17th. They set an "overweight" rating and a $178.00 price objective for the company. BNP Paribas began 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, Jefferies Financial Group lifted their price objective on Vistra from $99.00 to $137.00 and gave the company a "buy" rating in a research report on Tuesday, September 24th. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target 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.