Vistra Corp. (NYSE:VST) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC cut its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 0.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,320,188 shares of the company's stock after selling 46,643 shares during the quarter. Geode Capital Management LLC owned approximately 2.45% of Vistra worth $982,969,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. MidWestOne Financial Group Inc. bought a new stake in shares of Vistra in the 3rd quarter worth approximately $1,215,000. First Sabrepoint Capital Management LP bought a new position in shares of Vistra during the third quarter valued at about $17,781,000. Segra Capital Management LLC purchased a new position in shares of Vistra in the third quarter worth about $15,493,000. Brophy Wealth Management LLC bought a new stake in shares of Vistra in the 3rd quarter valued at about $774,000. Finally, Continuum Advisory LLC grew its position in Vistra by 1,332.6% during the 3rd quarter. Continuum Advisory LLC now owns 659 shares of the company's stock worth $78,000 after acquiring an additional 613 shares during the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Vistra Stock Performance

VST traded down $0.87 during trading on Thursday, hitting $145.13. The company's stock had a trading volume of 3,688,227 shares, compared to its average volume of 6,793,871. Vistra Corp. has a one year low of $37.31 and a one year high of $168.67. The business's 50 day simple moving average is $139.47 and its 200-day simple moving average is $105.85. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. The firm has a market cap of $49.38 billion, a PE ratio of 27.08, a P/E/G ratio of 2.05 and a beta of 1.16.

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

Vistra Increases Dividend

The company 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 is Friday, December 20th. This is a boost from Vistra's previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.61%. Vistra's dividend payout ratio is 16.42%.

Insiders Place Their Bets

In other Vistra 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 value of $2,795,400.00. Following the completion of the sale, the director now owns 343,350 shares of the company's stock, valued at $47,990,029.50. This trade represents a 5.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 completion of the transaction, the executive vice president now directly owns 254,932 shares in the company, valued at $41,849,637.12. This represents a 31.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 342,100 shares of company stock worth $55,087,314 in the last three months. 1.42% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

VST has been the subject of several recent research reports. Royal Bank of Canada boosted 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. Jefferies Financial Group upped their price objective on shares of Vistra from $99.00 to $137.00 and gave the company a "buy" rating in a research note on Tuesday, September 24th. JPMorgan Chase & Co. began coverage on Vistra in a research note on Thursday, October 17th. They issued an "overweight" rating and a $178.00 target price on the stock. UBS Group reduced their target price on Vistra from $157.00 to $150.00 and set a "buy" rating on the stock in a research note on Tuesday, October 22nd. Finally, BMO Capital Markets lifted their price target on shares of Vistra from $146.00 to $147.00 and gave the company an "outperform" rating in a report on Tuesday, October 29th. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target 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.