Vistra Corp. (NYSE:VST) Shares Acquired by Bank of Montreal Can

Bank of Montreal Can lifted its stake in Vistra Corp. (NYSE:VST - Free Report) by 80.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 535,553 shares of the company's stock after purchasing an additional 238,097 shares during the quarter. Bank of Montreal Can owned about 0.16% of Vistra worth $63,045,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Redwood Wealth Management Group LLC bought a new stake in shares of Vistra during the 2nd quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Vistra during the 3rd quarter valued at $30,000. New Covenant Trust Company N.A. bought a new stake in Vistra during the 1st quarter valued at $32,000. CVA Family Office LLC raised its position in Vistra by 1,505.9% during 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 in the last quarter. Finally, EdgeRock Capital LLC bought a new stake in Vistra during the 2nd quarter valued at $34,000. 90.88% of the stock is owned by institutional investors.

Vistra Stock Down 5.0 %

Shares of Vistra stock traded down $8.14 during trading hours on Thursday, reaching $154.52. 4,819,867 shares of the company were exchanged, compared to its average volume of 6,884,115. The firm has a market cap of $52.57 billion, a PE ratio of 28.83, a PEG ratio of 1.98 and a beta of 1.09. The stock's fifty day moving average is $131.23 and its 200 day moving average is $101.40. Vistra Corp. has a 1 year low of $34.88 and a 1 year high of $168.67. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be given a $0.221 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.88 dividend on an annualized basis and a yield of 0.57%. This is a positive change from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio (DPR) is currently 16.42%.

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Morgan Stanley lifted 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. UBS Group cut their price target on Vistra from $157.00 to $150.00 and set a "buy" rating on the stock in a report on Tuesday, October 22nd. Royal Bank of Canada lifted their price target on Vistra from $105.00 to $141.00 and gave the company an "outperform" rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. assumed coverage on Vistra in a report on Thursday, October 17th. They issued an "overweight" rating and a $178.00 price target on the stock. Finally, BNP Paribas started coverage on Vistra in a report on Monday, October 14th. They issued an "outperform" rating and a $231.00 price target on the stock. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $149.10.

Insider Buying and Selling at Vistra

In other news, EVP Scott A. Hudson sold 115,000 shares of the business's 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 sale, the executive vice president now owns 254,932 shares in the company, valued at approximately $41,849,637.12. The trade was a 31.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Stephen J. Muscato sold 207,100 shares of the business'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 completion of the sale, the executive vice president now directly owns 318,287 shares of the company's stock, valued at $51,352,424.58. The trade was a 39.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.42% of the stock is owned by corporate insiders.

About Vistra

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.