Vistra Corp. (NYSE:VST) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank trimmed its position in Vistra Corp. (NYSE:VST - Free Report) by 9.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 147,345 shares of the company's stock after selling 15,049 shares during the quarter. Toronto Dominion Bank's holdings in Vistra were worth $17,466,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. State Street Corp raised its holdings in shares of Vistra by 6.8% in the 3rd quarter. State Street Corp now owns 16,355,255 shares of the company's stock valued at $1,938,752,000 after buying an additional 1,037,402 shares during the period. Lone Pine Capital LLC lifted its holdings in Vistra by 6.6% during the 2nd quarter. Lone Pine Capital LLC now owns 6,838,007 shares of the company's stock worth $587,932,000 after buying an additional 425,126 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Vistra by 51.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,826,631 shares of the company's stock valued at $453,609,000 after buying an additional 1,293,974 shares during the period. Janus Henderson Group PLC increased its position in shares of Vistra by 36.0% during the third quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company's stock worth $448,320,000 after acquiring an additional 1,000,307 shares during the period. Finally, Castle Hook Partners LP raised its stake in shares of Vistra by 33.5% in the third quarter. Castle Hook Partners LP now owns 2,610,273 shares of the company's stock valued at $309,422,000 after acquiring an additional 654,568 shares in the last quarter. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Vistra Stock Down 0.1 %

Shares of NYSE:VST traded down $0.14 during trading on Friday, hitting $144.94. 4,011,722 shares of the company were exchanged, compared to its average volume of 6,782,373. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. Vistra Corp. has a 12-month low of $37.38 and a 12-month high of $168.67. The stock has a market capitalization of $49.31 billion, a P/E ratio of 27.04, a PEG ratio of 1.87 and a beta of 1.16. The firm's 50 day moving average price is $139.60 and its 200-day moving average price is $106.15.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be given a $0.221 dividend. The ex-dividend date is Friday, December 20th. This is a boost from Vistra's previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.61%. Vistra's dividend payout ratio is 16.42%.

Vistra announced that its Board of Directors has approved a stock buyback program on Thursday, November 7th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to buy up to 2.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

VST has been the subject of several analyst reports. BMO Capital Markets boosted their target price on Vistra from $146.00 to $147.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. started coverage on Vistra in a research report on Thursday, October 17th. They set an "overweight" rating and a $178.00 price objective for the company. Jefferies Financial Group raised their target price on shares of Vistra from $99.00 to $137.00 and gave the company a "buy" rating in a report on Tuesday, September 24th. Guggenheim boosted their price target on shares of Vistra from $133.00 to $177.00 and gave the stock a "buy" rating in a report on Tuesday, October 8th. Finally, Morgan Stanley raised 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. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Vistra presently has an average rating of "Buy" and a consensus price target of $149.10.

Insider Activity at Vistra

In other news, EVP Stephen J. Muscato sold 207,100 shares of the company'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 approximately $51,352,424.58. This represents a 39.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Scott B. Helm sold 20,000 shares of the stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $139.77, for a total transaction of $2,795,400.00. Following 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 disclosure for this sale can be found here. Insiders sold a total of 342,100 shares of company stock valued at $55,087,314 in the last three months. 1.42% of the stock is currently owned by company 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.