TrueWealth Advisors LLC Acquires New Position in Vistra Corp. (NYSE:VST)

TrueWealth Advisors LLC acquired a new position in shares of Vistra Corp. (NYSE:VST - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,535 shares of the company's stock, valued at approximately $487,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in VST. Forum Financial Management LP grew its holdings 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 last quarter. Umpqua Bank lifted its holdings 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 buying an additional 81 shares during the period. OneDigital Investment Advisors LLC increased its stake in shares of Vistra by 3.0% in the third quarter. OneDigital Investment Advisors LLC now owns 2,809 shares of the company's stock valued at $333,000 after buying an additional 81 shares during the period. Douglass Winthrop Advisors LLC lifted its stake in shares of Vistra by 0.9% in the third 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 period. Finally, Fiduciary Financial Group LLC increased its position in Vistra by 4.1% during the 4th quarter. Fiduciary Financial Group LLC now owns 2,651 shares of the company's stock valued at $365,000 after purchasing an additional 105 shares during the period. Institutional investors own 90.88% of the company's stock.

Wall Street Analyst Weigh In

VST has been the topic of a number of analyst reports. 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 objective on the stock. Jefferies Financial Group increased their price target on Vistra from $99.00 to $137.00 and gave the stock a "buy" rating in a report on Tuesday, September 24th. UBS Group boosted their price objective on Vistra from $161.00 to $174.00 and gave the company a "buy" rating in a research note on Friday, January 3rd. JPMorgan Chase & Co. assumed coverage on Vistra in a research note on Thursday, October 17th. They set an "overweight" rating and a $178.00 target price for the company. Finally, Guggenheim boosted their price target on Vistra from $133.00 to $177.00 and gave the company a "buy" rating in a research note on Tuesday, October 8th. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $151.50.

Vistra Stock Down 1.7 %

Shares of NYSE VST traded down $2.90 during mid-day trading on Friday, reaching $171.10. 8,254,135 shares of the company's stock traded hands, compared to its average volume of 4,420,974. 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 has a 50-day simple moving average of $151.89 and a 200 day simple moving average of $116.99. The stock has a market cap of $58.21 billion, a P/E ratio of 31.92, a PEG ratio of 1.56 and a beta of 1.21. Vistra Corp. has a 1-year low of $39.08 and a 1-year high of $178.40.

Vistra Increases Dividend

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

Vistra announced that its board has initiated a share repurchase program on Thursday, November 7th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to reacquire up to 2.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its stock is undervalued.

Insider Activity

In related news, EVP Stephen J. Muscato sold 207,100 shares of Vistra 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 sale, the executive vice president now directly owns 318,287 shares in the company, valued at approximately $51,352,424.58. This trade represents a 39.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Scott A. Hudson sold 115,000 shares of the company'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 transaction, the executive vice president now owns 254,932 shares of the company's stock, valued at $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 342,100 shares of company stock worth $55,087,314 over the last 90 days. 1.42% of the stock is currently owned by corporate insiders.

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.