Enclave Advisors LLC Takes $280,000 Position in Vistra Corp. (NYSE:VST)

Enclave Advisors LLC purchased a new stake in Vistra Corp. (NYSE:VST - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,032 shares of the company's stock, valued at approximately $280,000.

Other hedge funds have also added to or reduced their stakes in the company. Lionsbridge Wealth Management LLC acquired a new stake in Vistra during the 4th quarter worth $277,000. Empire Life Investments Inc. bought a new position in Vistra during the third quarter worth about $23,028,000. Retirement Systems of Alabama lifted its position in Vistra by 9.6% during the third quarter. Retirement Systems of Alabama now owns 78,965 shares of the company's stock worth $9,361,000 after acquiring an additional 6,920 shares during the last quarter. Terra Nova Asset Management LLC acquired a new stake in Vistra during the third quarter worth approximately $842,000. Finally, Czech National Bank lifted its position in Vistra by 12.4% during the third quarter. Czech National Bank now owns 69,987 shares of the company's stock worth $8,296,000 after acquiring an additional 7,747 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.

Vistra Price Performance

Shares of NYSE VST traded up $1.44 during midday trading on Wednesday, reaching $186.79. 8,986,314 shares of the company were exchanged, compared to its average volume of 7,679,159. The stock's 50-day moving average price is $154.15 and its 200-day moving average price is $118.89. The stock has a market cap of $63.55 billion, a P/E ratio of 34.85, a PEG ratio of 1.62 and a beta of 1.21. Vistra Corp. has a one year low of $39.13 and a one year high of $194.67. 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 (NYSE:VST - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported $5.25 earnings per share for the quarter, topping analysts' consensus estimates of $1.24 by $4.01. The firm had revenue of $6.29 billion for the quarter, compared to analysts' expectations of $4.96 billion. Vistra had a net margin of 12.51% and a return on equity of 57.63%. During the same quarter in the previous year, the firm posted $1.25 earnings per share. On average, sell-side analysts anticipate that Vistra Corp. will post 4.48 earnings per share for the current fiscal year.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 20th were paid a $0.221 dividend. This is a boost from Vistra's previous quarterly dividend of $0.22. The ex-dividend date was Friday, December 20th. This represents a $0.88 annualized dividend and a dividend yield of 0.47%. Vistra's payout ratio is currently 16.60%.

Vistra announced that its Board of Directors has approved a share buyback plan on Thursday, November 7th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to buy up to 2.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Jefferies Financial Group lifted their price target on shares of Vistra from $99.00 to $137.00 and gave the company a "buy" rating in a research report on Tuesday, September 24th. BNP Paribas started coverage on shares of Vistra in a research report on Monday, October 14th. They set an "outperform" rating and a $231.00 price objective for the company. Evercore ISI started coverage on shares of Vistra in a research report on Tuesday. They set an "outperform" rating and a $202.00 price objective for the company. 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 objective for the company. Finally, UBS Group boosted their price objective on shares of Vistra from $161.00 to $174.00 and gave the company a "buy" rating in a research report on Friday, January 3rd. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat, Vistra currently has an average rating of "Buy" and a consensus price target of $168.20.

Insider Buying and Selling

In other Vistra news, EVP Scott A. Hudson sold 115,000 shares of the company's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $164.16, for a total transaction 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. This represents a 31.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Scott B. Helm sold 20,000 shares of the company's stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $139.77, for a total transaction of $2,795,400.00. Following the sale, the director now directly owns 343,350 shares in the company, valued at $47,990,029.50. This trade represents a 5.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 342,100 shares of company stock valued at $55,087,314 over the last 90 days. 1.42% of the stock is owned by insiders.

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.