Everhart Financial Group Inc. Makes New $260,000 Investment in Vistra Corp. (NYSE:VST)

Everhart Financial Group Inc. bought a new position in shares of Vistra Corp. (NYSE:VST - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,887 shares of the company's stock, valued at approximately $260,000.

Several other large investors have also added to or reduced their stakes in the business. State Street Corp boosted its holdings in Vistra by 6.8% during the third quarter. State Street Corp now owns 16,355,255 shares of the company's stock worth $1,938,752,000 after purchasing an additional 1,037,402 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Vistra by 51.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,826,631 shares of the company's stock worth $453,609,000 after purchasing an additional 1,293,974 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Vistra by 36.0% during the third quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company's stock worth $448,320,000 after purchasing an additional 1,000,307 shares during the last quarter. Castle Hook Partners LP boosted its holdings in Vistra by 33.5% during the third quarter. Castle Hook Partners LP now owns 2,610,273 shares of the company's stock worth $309,422,000 after purchasing an additional 654,568 shares during the last quarter. Finally, Rubric Capital Management LP boosted its holdings in Vistra by 60.1% during the third quarter. Rubric Capital Management LP now owns 2,125,000 shares of the company's stock worth $251,898,000 after purchasing an additional 797,894 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on VST shares. 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 research report on Friday, November 22nd. UBS Group upped their price target on shares of Vistra from $161.00 to $174.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. Evercore ISI started coverage on shares of Vistra in a research report on Tuesday, January 21st. They set an "outperform" rating and a $202.00 price target on the stock. Bank of America started coverage on shares of Vistra in a research report on Monday, January 27th. They set a "neutral" rating and a $206.00 price target on the stock. Finally, BMO Capital Markets upped their price target on shares of Vistra from $151.00 to $191.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $171.64.

Vistra Stock Performance

NYSE:VST traded down $12.67 during mid-day trading on Friday, reaching $150.51. 9,944,101 shares of the company's stock were exchanged, compared to its average volume of 8,996,157. Vistra Corp. has a one year low of $46.18 and a one year high of $199.84. The firm has a market capitalization of $51.21 billion, a PE ratio of 28.08, a price-to-earnings-growth ratio of 1.16 and a beta of 1.22. The business's fifty day simple moving average is $160.19 and its two-hundred day simple moving average is $131.92. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 20th will be given a dividend of $0.2235 per share. This represents a $0.89 dividend on an annualized basis and a yield of 0.59%. This is a positive change from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio (DPR) is currently 16.60%.

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

Insider Buying and Selling

In related news, Director Scott B. Helm sold 20,000 shares of the firm's stock in a transaction dated 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 transaction, the director now directly owns 343,350 shares of the company's stock, valued at approximately $47,990,029.50. This trade represents a 5.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction of $18,878,400.00. Following the transaction, the executive vice president now directly owns 254,932 shares in the company, valued at approximately $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 owned by insiders.

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.