Vistra Corp. (NYSE:VST) Shares Bought by Park Avenue Securities LLC

Park Avenue Securities LLC raised its stake in shares of Vistra Corp. (NYSE:VST - Free Report) by 42.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,641 shares of the company's stock after purchasing an additional 4,091 shares during the period. Park Avenue Securities LLC's holdings in Vistra were worth $1,881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of VST. Assenagon Asset Management S.A. bought a new stake in Vistra in the fourth quarter worth $27,531,000. Fifth Third Wealth Advisors LLC lifted its holdings in shares of Vistra by 4.4% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 2,913 shares of the company's stock worth $402,000 after acquiring an additional 122 shares during the last quarter. Fiduciary Financial Group LLC boosted its stake in shares of Vistra by 4.1% during the 4th quarter. Fiduciary Financial Group LLC now owns 2,651 shares of the company's stock worth $365,000 after purchasing an additional 105 shares during the period. 180 Wealth Advisors LLC purchased a new stake in Vistra in the 4th quarter worth about $600,000. Finally, Global Financial Private Client LLC increased its stake in Vistra by 35.8% in the fourth quarter. Global Financial Private Client LLC now owns 1,332 shares of the company's stock worth $184,000 after purchasing an additional 351 shares during the period. Hedge funds and other institutional investors own 90.88% of the company's stock.

Insider Transactions at Vistra

In other news, EVP Scott A. Hudson sold 115,000 shares of Vistra stock in a transaction that occurred 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Stephen J. Muscato sold 207,100 shares of the firm's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $161.34, for a total value of $33,413,514.00. Following the sale, the executive vice president now owns 318,287 shares in the company, valued at $51,352,424.58. This trade represents a 39.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 342,100 shares of company stock worth $55,087,314. Company insiders own 1.42% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on VST shares. Guggenheim lifted their price target on shares of Vistra from $133.00 to $177.00 and gave the company a "buy" rating in a research note on Tuesday, October 8th. UBS Group increased their target price on shares of Vistra from $161.00 to $174.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. JPMorgan Chase & Co. began coverage on shares of Vistra in a report on Thursday, October 17th. They issued an "overweight" rating and a $178.00 price target for the company. Jefferies Financial Group lifted their price objective on shares of Vistra from $99.00 to $137.00 and gave the company a "buy" rating in a report on Tuesday, September 24th. Finally, Morgan Stanley increased their target price on Vistra from $135.00 to $169.00 and gave the company an "overweight" rating in a research report on Friday, November 22nd. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $151.50.

Vistra Stock Down 1.7 %

NYSE VST traded down $2.90 during trading on Friday, hitting $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 fifty-two week low of $39.08 and a fifty-two week high of $178.40. The company has a market cap of $58.21 billion, a PE ratio of 31.92, a P/E/G ratio of 1.56 and a beta of 1.21. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. The business's 50 day simple moving average is $151.89 and its 200-day simple moving average is $116.99.

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

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th were issued a $0.221 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.52%. This is a boost from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio (DPR) is currently 16.60%.

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.