FORA Capital LLC Purchases Shares of 10,860 Vistra Corp. (NYSE:VST)

FORA Capital LLC bought a new position in Vistra Corp. (NYSE:VST - Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,860 shares of the company's stock, valued at approximately $1,287,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Redwood Wealth Management Group LLC bought a new position in Vistra during the second quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Vistra during the 3rd quarter valued at about $30,000. New Covenant Trust Company N.A. bought a new position in shares of Vistra during the 1st quarter valued at about $32,000. CVA Family Office LLC grew its stake in shares of Vistra by 1,505.9% in the 3rd quarter. CVA Family Office LLC now owns 273 shares of the company's stock worth $32,000 after purchasing an additional 256 shares during the last quarter. Finally, EdgeRock Capital LLC bought a new stake in shares of Vistra in the 2nd quarter worth approximately $34,000. 90.88% of the stock is owned by institutional investors.

Insider Activity at Vistra

In other news, EVP Scott A. Hudson sold 115,000 shares of the 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 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Stephen J. Muscato sold 207,100 shares of Vistra stock in a transaction on 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 of the company's stock, valued at approximately $51,352,424.58. The trade was a 39.42 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.42% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on VST. JPMorgan Chase & Co. began coverage on shares of Vistra in a research report on Thursday, October 17th. They issued an "overweight" rating and a $178.00 price target on the stock. BNP Paribas initiated coverage on Vistra in a report on Monday, October 14th. They issued an "outperform" rating and a $231.00 target price on the stock. BMO Capital Markets upped their target price on Vistra from $146.00 to $147.00 and gave the company an "outperform" rating in a report on Tuesday, October 29th. Guggenheim boosted their price objective on Vistra from $133.00 to $177.00 and gave the stock a "buy" rating in a report on Tuesday, October 8th. Finally, Royal Bank of Canada raised their target price on shares of Vistra from $105.00 to $141.00 and gave the stock an "outperform" rating in a report on Thursday, October 3rd. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $149.10.

Vistra Stock Down 5.0 %

Shares of NYSE VST traded down $8.14 during mid-day trading on Thursday, reaching $154.52. The company had a trading volume of 4,819,867 shares, compared to its average volume of 6,884,115. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. The company has a market capitalization of $52.57 billion, a price-to-earnings ratio of 28.83, a PEG ratio of 1.98 and a beta of 1.09. The stock has a fifty day moving average of $131.23 and a two-hundred day moving average of $101.40. Vistra Corp. has a 12-month low of $34.88 and a 12-month high of $168.67.

Vistra announced that its board has authorized a stock buyback program on Thursday, November 7th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 2.1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its shares are undervalued.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be issued a dividend of $0.221 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.57%. 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 (DPR) is currently 16.42%.

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.