Vistra Corp. (NYSE:VST) Shares Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC raised its holdings in Vistra Corp. (NYSE:VST - Free Report) by 41.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 129,237 shares of the company's stock after buying an additional 38,178 shares during the period. Sanctuary Advisors LLC's holdings in Vistra were worth $15,320,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of VST. Mark Sheptoff Financial Planning LLC acquired a new position in shares of Vistra during the third quarter worth about $30,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Vistra during the 3rd quarter worth approximately $30,000. CVA Family Office LLC increased its position in shares of Vistra by 1,505.9% in the 3rd quarter. CVA Family Office LLC now owns 273 shares of the company's stock valued at $32,000 after purchasing an additional 256 shares during the last quarter. RPg Family Wealth Advisory LLC acquired a new stake in shares of Vistra in the 3rd quarter valued at $36,000. Finally, Redwood Wealth Management Group LLC purchased a new stake in shares of Vistra during the 2nd quarter worth $26,000. Institutional investors and hedge funds own 90.88% of the company's stock.

Vistra Stock Performance

Shares of VST traded down $0.19 during mid-day trading on Friday, hitting $144.89. 4,016,382 shares of the company's stock were exchanged, compared to its average volume of 6,782,373. 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 $37.38 and a fifty-two week high of $168.67. The business's 50 day moving average is $139.60 and its two-hundred day moving average is $106.15. The firm has a market capitalization of $49.30 billion, a P/E ratio of 27.04, a P/E/G ratio of 1.87 and a beta of 1.16.

Vistra announced that its board has approved a share repurchase program on Thursday, November 7th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 2.1% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's management believes its shares are undervalued.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be issued a dividend of $0.221 per share. The ex-dividend date of this dividend is Friday, December 20th. This is an increase from Vistra's previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a dividend yield of 0.61%. Vistra's dividend payout ratio (DPR) is currently 16.42%.

Insider Activity at Vistra

In related news, EVP Stephen J. Muscato sold 207,100 shares of the company's stock in a transaction on 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 transaction, the executive vice president now owns 318,287 shares of the company's stock, valued at $51,352,424.58. This represents a 39.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Scott A. Hudson sold 115,000 shares of the firm's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $164.16, for a total value of $18,878,400.00. Following the completion of the sale, the executive vice president now directly owns 254,932 shares of the company's stock, valued at approximately $41,849,637.12. This trade represents a 31.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 342,100 shares of company stock worth $55,087,314 in the last three months. Insiders own 1.42% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. JPMorgan Chase & Co. started coverage on Vistra in a report on Thursday, October 17th. They set an "overweight" rating and a $178.00 price target for the company. BMO Capital Markets increased their price target on shares of Vistra from $146.00 to $147.00 and gave the company an "outperform" rating in a research note on Tuesday, October 29th. Royal Bank of Canada boosted their price objective 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. Guggenheim increased their target price on shares of Vistra from $133.00 to $177.00 and gave the company a "buy" rating in a research report on Tuesday, October 8th. Finally, BNP Paribas assumed coverage on shares of Vistra in a research report on Monday, October 14th. They issued an "outperform" rating and a $231.00 price target for the company. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price 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.