Moseley Investment Management Inc. Invests $248,000 in Vistra Corp. (NYSE:VST)

Moseley Investment Management Inc. purchased a new stake in Vistra Corp. (NYSE:VST - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 1,799 shares of the company's stock, valued at approximately $248,000.

Several other hedge funds and other institutional investors have also bought and sold shares of VST. State Street Corp raised its holdings in Vistra by 6.8% in 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 period. Lone Pine Capital LLC increased its position in shares of Vistra by 6.6% in the 2nd quarter. Lone Pine Capital LLC now owns 6,838,007 shares of the company's stock valued at $587,932,000 after buying an additional 425,126 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Vistra by 51.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,826,631 shares of the company's stock worth $453,609,000 after buying an additional 1,293,974 shares during the period. Janus Henderson Group PLC lifted 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 acquiring an additional 1,000,307 shares in the last quarter. Finally, Castle Hook Partners LP grew its stake in Vistra by 33.5% in the third quarter. Castle Hook Partners LP now owns 2,610,273 shares of the company's stock valued at $309,422,000 after acquiring an additional 654,568 shares during the period. Institutional investors own 90.88% of the company's stock.

Insider Activity at Vistra

In other Vistra news, Director Scott B. Helm sold 20,000 shares of the firm's stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $139.77, for a total value of $2,795,400.00. Following the completion of the transaction, the director now directly owns 343,350 shares in the company, valued at $47,990,029.50. This trade represents a 5.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Stephen J. Muscato sold 207,100 shares of the business's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $161.34, for a total value of $33,413,514.00. Following the transaction, the executive vice president now directly owns 318,287 shares in the company, valued at $51,352,424.58. This trade represents a 39.42 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 342,100 shares of company stock valued at $55,087,314. 1.42% of the stock is owned by insiders.

Vistra Stock Performance

Shares of VST opened at $170.21 on Wednesday. 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 12 month low of $38.95 and a 12 month high of $175.00. The firm has a fifty day simple moving average of $149.69 and a 200 day simple moving average of $115.43. The stock has a market capitalization of $57.91 billion, a price-to-earnings ratio of 31.76, a PEG ratio of 1.86 and a beta of 1.21.

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

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th were issued a $0.221 dividend. This is a boost from Vistra's previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.88 annualized dividend and a dividend yield of 0.52%. Vistra's dividend payout ratio (DPR) is presently 16.42%.

Wall Street Analyst Weigh In

VST has been the topic of a number of research analyst reports. UBS Group raised their price target on Vistra from $161.00 to $174.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. Morgan Stanley raised their target price on shares of Vistra from $135.00 to $169.00 and gave the stock an "overweight" rating in a report on Friday, November 22nd. BNP Paribas started coverage on shares of Vistra in a research note on Monday, October 14th. They issued an "outperform" rating and a $231.00 price target on the stock. BMO Capital Markets increased their price objective on shares of Vistra from $146.00 to $147.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 29th. Finally, Jefferies Financial Group boosted their price objective on shares of Vistra from $99.00 to $137.00 and gave the company a "buy" rating in a research report on Tuesday, September 24th. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $151.50.

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.

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