Glenmede Trust Co. NA Boosts Stake in Vistra Corp. (NYSE:VST)

Glenmede Trust Co. NA increased its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 49.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,560 shares of the company's stock after acquiring an additional 5,788 shares during the quarter. Glenmede Trust Co. NA's holdings in Vistra were worth $2,082,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the business. Atria Investments Inc acquired a new stake in Vistra during the 1st quarter worth about $1,675,000. Cetera Investment Advisers lifted its holdings in shares of Vistra by 588.5% during the first quarter. Cetera Investment Advisers now owns 91,586 shares of the company's stock worth $6,379,000 after purchasing an additional 78,283 shares during the period. Cetera Advisors LLC boosted its position in Vistra by 63.7% in the first quarter. Cetera Advisors LLC now owns 25,177 shares of the company's stock valued at $1,754,000 after buying an additional 9,801 shares during the last quarter. DekaBank Deutsche Girozentrale increased its holdings in Vistra by 7.8% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 18,556 shares of the company's stock worth $1,233,000 after buying an additional 1,342 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in Vistra by 141.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 975 shares of the company's stock worth $74,000 after buying an additional 572 shares during the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

Vistra Price Performance

Shares of Vistra stock traded down $5.68 on Monday, hitting $154.16. The company's stock had a trading volume of 4,838,515 shares, compared to its average volume of 6,853,751. The company has a market capitalization of $52.45 billion, a price-to-earnings ratio of 29.19, a price-to-earnings-growth ratio of 2.05 and a beta of 1.09. The firm has a fifty day moving average price of $133.51 and a 200-day moving average price of $102.37. 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 Corp. has a 1 year low of $35.99 and a 1 year high of $168.67.

Vistra declared that its board has approved 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 generally an indication that the company's board believes its shares are undervalued.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be paid a dividend of $0.221 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.57%. This is an increase from Vistra's previous quarterly dividend of $0.22. The ex-dividend date is Friday, December 20th. Vistra's dividend payout ratio is presently 16.42%.

Wall Street Analyst Weigh In

Several research firms have recently commented on VST. UBS Group dropped their price objective on shares of 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 upped their price target on shares of Vistra from $105.00 to $141.00 and gave the company an "outperform" rating in a report on Thursday, October 3rd. Morgan Stanley increased their price target on Vistra from $135.00 to $169.00 and gave the stock an "overweight" rating in a research report on Friday, November 22nd. JPMorgan Chase & Co. began coverage on Vistra in a report on Thursday, October 17th. They issued an "overweight" rating and a $178.00 price objective for the company. Finally, Jefferies Financial Group raised their target price on Vistra from $99.00 to $137.00 and gave the stock a "buy" rating in a report on Tuesday, September 24th. Ten research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $149.10.

Insider Transactions at Vistra

In other Vistra news, EVP Scott A. Hudson sold 115,000 shares of the business's stock in a transaction that occurred on Monday, November 25th. The stock was 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 directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Stephen J. Muscato sold 207,100 shares of the stock in a transaction that occurred on 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 transaction, 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 position. The disclosure for this sale can be found here. Corporate insiders own 1.42% of the company's stock.

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.