D.A. Davidson & CO. Sells 13,154 Shares of Vistra Corp. (NYSE:VST)

D.A. Davidson & CO. lessened its holdings in Vistra Corp. (NYSE:VST - Free Report) by 76.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,111 shares of the company's stock after selling 13,154 shares during the quarter. D.A. Davidson & CO.'s holdings in Vistra were worth $487,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Redwood Wealth Management Group LLC bought a new stake in Vistra in the 2nd quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Vistra in the 3rd quarter worth approximately $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 purchasing an additional 256 shares during the last quarter. EdgeRock Capital LLC bought a new stake in Vistra during the 2nd quarter valued at $34,000. Finally, ORG Wealth Partners LLC bought a new stake in Vistra during the 3rd quarter valued at $40,000. Institutional investors and hedge funds own 90.88% of the company's stock.

Insider Buying and Selling at Vistra

In other news, EVP Stephen J. Muscato sold 207,100 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $161.34, for a total transaction of $33,413,514.00. Following the completion of the sale, the executive vice president now directly owns 318,287 shares in the company, valued at approximately $51,352,424.58. This represents a 39.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Scott A. Hudson sold 115,000 shares of Vistra stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 254,932 shares in the company, 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. Company insiders own 1.42% of the company's stock.

Vistra Trading Up 4.6 %

NYSE VST traded up $7.15 during trading on Wednesday, hitting $161.31. 5,260,684 shares of the company's stock traded hands, compared to its average volume of 6,837,155. The stock has a fifty day moving average of $136.04 and a two-hundred day moving average of $103.62. 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 12-month low of $36.17 and a 12-month high of $168.67. The firm has a market cap of $54.88 billion, a P/E ratio of 30.10, a PEG ratio of 1.98 and a beta of 1.16.

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

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be given a dividend of $0.221 per share. This represents a $0.88 annualized dividend and a yield of 0.55%. This is a positive change from Vistra's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, December 20th. Vistra's dividend payout ratio is presently 16.42%.

Analyst Ratings Changes

VST has been the topic of several research analyst reports. BNP Paribas initiated coverage on shares of Vistra in a report on Monday, October 14th. They issued an "outperform" rating and a $231.00 price target on the stock. Royal Bank of Canada upped their price target on shares of Vistra from $105.00 to $141.00 and gave the stock an "outperform" rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. initiated coverage on shares of Vistra in a report on Thursday, October 17th. They issued an "overweight" rating and a $178.00 price target on the stock. Morgan Stanley upped their price target on shares of Vistra from $135.00 to $169.00 and gave the stock an "overweight" rating in a report on Friday, November 22nd. Finally, UBS Group cut their target price 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, According to data from MarketBeat.com, Vistra has a consensus rating of "Buy" and an average target price of $149.10.

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.