Kestra Investment Management LLC Has $1.85 Million Holdings in Vistra Corp. (NYSE:VST)

Kestra Investment Management LLC cut its stake in Vistra Corp. (NYSE:VST - Free Report) by 15.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,429 shares of the company's stock after selling 2,407 shares during the period. Kestra Investment Management LLC's holdings in Vistra were worth $1,851,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Atria Wealth Solutions Inc. bought a new position in shares of Vistra in the fourth quarter valued at approximately $1,806,000. Kornitzer Capital Management Inc. KS boosted its holdings in shares of Vistra by 5.1% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 160,673 shares of the company's stock valued at $22,152,000 after acquiring an additional 7,782 shares in the last quarter. D.A. Davidson & CO. boosted its holdings in shares of Vistra by 39.8% in the fourth quarter. D.A. Davidson & CO. now owns 5,749 shares of the company's stock valued at $793,000 after acquiring an additional 1,638 shares in the last quarter. Truist Financial Corp boosted its holdings in shares of Vistra by 106.0% in the fourth quarter. Truist Financial Corp now owns 18,963 shares of the company's stock valued at $2,614,000 after acquiring an additional 9,757 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in shares of Vistra by 3.9% in the fourth quarter. CIBC Asset Management Inc now owns 52,359 shares of the company's stock valued at $7,219,000 after acquiring an additional 1,979 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on VST. Morgan Stanley increased their price objective on shares of Vistra from $135.00 to $169.00 and gave the company an "overweight" rating in a report on Friday, November 22nd. BMO Capital Markets raised their target price on shares of Vistra from $151.00 to $191.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd. Evercore ISI began coverage on shares of Vistra in a report on Tuesday, January 21st. They set an "outperform" rating and a $202.00 target price for the company. UBS Group raised their target price on shares of Vistra from $161.00 to $174.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. Finally, Bank of America began coverage on shares of Vistra in a report on Monday, January 27th. They set a "neutral" rating and a $206.00 target price for the company. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $171.64.

Insiders Place Their Bets

In other Vistra news, Director Scott B. Helm sold 20,000 shares of Vistra stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $139.77, for a total transaction of $2,795,400.00. Following the completion of the sale, the director now owns 343,350 shares of the company's stock, valued at $47,990,029.50. This trade represents a 5.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Scott A. Hudson sold 115,000 shares of Vistra stock in a transaction 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 sale, the executive vice president now directly 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. Corporate insiders own 1.42% of the company's stock.

Vistra Trading Down 7.8 %

NYSE VST traded down $12.67 on Friday, hitting $150.51. 9,944,101 shares of the stock were exchanged, compared to its average volume of 8,996,157. Vistra Corp. has a 52-week low of $46.18 and a 52-week high of $199.84. 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 company has a market capitalization of $51.21 billion, a price-to-earnings ratio of 28.08, a P/E/G ratio of 1.16 and a beta of 1.22. The company's 50-day moving average price is $160.19 and its two-hundred day moving average price is $131.92.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 20th will be given a dividend of $0.2235 per share. This represents a $0.89 annualized dividend and a yield of 0.59%. This is a boost from Vistra's previous quarterly dividend of $0.22. Vistra's payout ratio is presently 16.60%.

Vistra announced that its Board of Directors has initiated a share repurchase plan on Thursday, November 7th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to buy up to 2.1% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its stock is undervalued.

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.