Jackson Square Capital LLC purchased a new position in shares of Vistra Corp. (NYSE:VST - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 9,966 shares of the company's stock, valued at approximately $1,374,000.
Other institutional investors have also made changes to their positions in the company. Forum Financial Management LP raised its holdings in Vistra by 0.7% during the third quarter. Forum Financial Management LP now owns 11,527 shares of the company's stock valued at $1,366,000 after buying an additional 80 shares in the last quarter. Umpqua Bank raised its holdings in Vistra by 2.2% in the 3rd quarter. Umpqua Bank now owns 3,780 shares of the company's stock worth $448,000 after acquiring an additional 81 shares during the period. OneDigital Investment Advisors LLC raised its holdings in Vistra by 3.0% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,809 shares of the company's stock worth $333,000 after acquiring an additional 81 shares during the period. Douglass Winthrop Advisors LLC lifted its position in Vistra by 0.9% during the 3rd quarter. Douglass Winthrop Advisors LLC now owns 11,335 shares of the company's stock worth $1,344,000 after acquiring an additional 100 shares during the last quarter. Finally, Fiduciary Financial Group LLC boosted its holdings in Vistra by 4.1% during the fourth quarter. Fiduciary Financial Group LLC now owns 2,651 shares of the company's stock valued at $365,000 after acquiring an additional 105 shares during the period. 90.88% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on VST shares. Guggenheim boosted their price objective on Vistra from $133.00 to $177.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. began coverage on Vistra in a report on Thursday, October 17th. They set an "overweight" rating and a $178.00 price target for the company. Royal Bank of Canada boosted their target price on shares of Vistra from $105.00 to $141.00 and gave the stock an "outperform" rating in a research report on Thursday, October 3rd. BNP Paribas assumed coverage on shares of Vistra in a research note on Monday, October 14th. They set an "outperform" rating and a $231.00 target price for the company. Finally, UBS Group raised 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. Ten research analysts have rated the stock with a buy rating, According to MarketBeat, Vistra presently has an average rating of "Buy" and a consensus price target of $151.50.
Read Our Latest Report on Vistra
Insider Buying and Selling at Vistra
In related news, EVP Scott A. Hudson sold 115,000 shares of Vistra stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $164.16, for a total value of $18,878,400.00. Following the completion of the transaction, the executive vice president now directly owns 254,932 shares of the company's stock, valued at $41,849,637.12. The trade was a 31.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Stephen J. Muscato sold 207,100 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $161.34, for a total transaction of $33,413,514.00. Following 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 position. The disclosure for this sale can be found here. Insiders have sold 342,100 shares of company stock worth $55,087,314 over the last three months. Company insiders own 1.42% of the company's stock.
Vistra Price Performance
NYSE VST traded down $2.90 on Friday, reaching $171.10. The company's stock had a trading volume of 8,254,135 shares, compared to its average volume of 4,420,974. Vistra Corp. has a 52 week low of $39.08 and a 52 week high of $178.40. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. The firm has a market cap of $58.21 billion, a PE ratio of 31.92, a price-to-earnings-growth ratio of 1.56 and a beta of 1.21. The business has a 50-day moving average price of $151.89 and a 200 day moving average price of $116.99.
Vistra Increases Dividend
The business also recently declared 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 positive change 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 yield of 0.52%. Vistra's payout ratio is currently 16.60%.
Vistra declared that its Board of Directors has approved a share buyback plan on Thursday, November 7th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 2.1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board believes its shares are undervalued.
Vistra Profile
(
Free Report)
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.
Recommended Stories
Before you consider Vistra, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Vistra wasn't on the list.
While Vistra currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.