Meitav Investment House Ltd. Invests $262,000 in Vistra Corp. (NYSE:VST)

Meitav Investment House Ltd. purchased a new position in shares of Vistra Corp. (NYSE:VST - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,900 shares of the company's stock, valued at approximately $262,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Avior Wealth Management LLC boosted its position in Vistra by 56.5% during the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company's stock worth $25,000 after acquiring an additional 65 shares during the period. Galvin Gaustad & Stein LLC boosted its position in Vistra by 3.6% during the 4th quarter. Galvin Gaustad & Stein LLC now owns 2,077 shares of the company's stock worth $286,000 after acquiring an additional 73 shares during the period. Forum Financial Management LP boosted its position in Vistra by 0.7% during the 3rd quarter. Forum Financial Management LP now owns 11,527 shares of the company's stock worth $1,366,000 after acquiring an additional 80 shares during the period. Umpqua Bank boosted its position in Vistra by 2.2% during 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. Finally, OneDigital Investment Advisors LLC boosted its position in Vistra by 3.0% during 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. Institutional investors and hedge funds own 90.88% of the company's stock.

Vistra Trading Down 7.8 %

Shares of Vistra stock traded down $12.67 on Friday, reaching $150.51. 9,944,101 shares of the company were exchanged, compared to its average volume of 8,996,157. The stock has a fifty day moving average price of $160.19 and a 200-day moving average price of $131.92. The firm has a market capitalization of $51.21 billion, a price-to-earnings ratio of 28.08, a price-to-earnings-growth ratio of 1.16 and a beta of 1.22. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. Vistra Corp. has a fifty-two week low of $46.18 and a fifty-two week high of $199.84.

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

Vistra Increases Dividend

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

Insider Activity at Vistra

In related news, EVP Scott A. Hudson sold 115,000 shares of the company's stock in a transaction on 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 of the company's stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. 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 value of $2,795,400.00. Following the transaction, the director now directly owns 343,350 shares in the company, valued at $47,990,029.50. The trade was a 5.50 % 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.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. BMO Capital Markets boosted their price objective on Vistra from $151.00 to $191.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 22nd. UBS Group boosted their price objective on Vistra from $161.00 to $174.00 and gave the stock a "buy" rating in a research note on Friday, January 3rd. Evercore ISI assumed coverage on Vistra in a research note on Tuesday, January 21st. They issued an "outperform" rating and a $202.00 price objective on the stock. Morgan Stanley boosted their price objective on Vistra from $135.00 to $169.00 and gave the stock an "overweight" rating in a research note on Friday, November 22nd. Finally, Bank of America assumed coverage on Vistra in a research note on Monday, January 27th. They issued a "neutral" rating and a $206.00 price objective on the stock. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $171.64.

About Vistra

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.