Vistra Corp. (NYSE:VST) Shares Sold by Venturi Wealth Management LLC

Venturi Wealth Management LLC decreased its stake in Vistra Corp. (NYSE:VST - Free Report) by 37.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,128 shares of the company's stock after selling 7,722 shares during the period. Venturi Wealth Management LLC's holdings in Vistra were worth $1,556,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Vistra in the 3rd quarter valued at approximately $30,000. CVA Family Office LLC increased its position in shares of Vistra by 1,505.9% in the third quarter. CVA Family Office LLC now owns 273 shares of the company's stock worth $32,000 after purchasing an additional 256 shares during the period. Redwood Wealth Management Group LLC acquired a new stake in shares of Vistra during the second quarter valued at about $26,000. ORG Wealth Partners LLC acquired a new stake in shares of Vistra during the third quarter valued at about $40,000. Finally, Fortitude Family Office LLC lifted its stake in shares of Vistra by 125.0% in the third quarter. Fortitude Family Office LLC now owns 360 shares of the company's stock worth $43,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 90.88% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on VST. BMO Capital Markets increased their price objective on Vistra from $146.00 to $147.00 and gave the stock an "outperform" rating in a report on Tuesday, October 29th. Jefferies Financial Group upped their target price on Vistra from $99.00 to $137.00 and gave the company a "buy" rating in a research note on Tuesday, September 24th. UBS Group decreased their price objective on Vistra from $157.00 to $150.00 and set a "buy" rating for the company in a report on Tuesday, October 22nd. Guggenheim upped their target price on Vistra from $133.00 to $177.00 and gave the company a "buy" rating in a research report on Tuesday, October 8th. Finally, Morgan Stanley increased their price target on Vistra from $110.00 to $132.00 and gave the stock an "overweight" rating in a research report on Monday, September 23rd. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $145.40.

Vistra Price Performance

NYSE:VST traded down $3.64 during mid-day trading on Tuesday, reaching $142.16. 5,309,527 shares of the company were exchanged, compared to its average volume of 6,956,347. The stock has a market cap of $48.84 billion, a PE ratio of 26.00 and a beta of 1.09. The company has a quick ratio of 0.88, a current ratio of 0.98 and a debt-to-equity ratio of 2.89. Vistra Corp. has a 12 month low of $34.24 and a 12 month high of $149.80. The company has a fifty day moving average of $114.25 and a 200 day moving average of $95.68.

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

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be issued a $0.221 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.62%. The ex-dividend date is Friday, December 20th. This is a boost from Vistra's previous quarterly dividend of $0.22. Vistra's payout ratio is 16.42%.

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.