Vistra Corp. (NYSE:VST) Shares Sold by M&T Bank Corp

M&T Bank Corp lowered its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 16.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 33,764 shares of the company's stock after selling 6,621 shares during the quarter. M&T Bank Corp's holdings in Vistra were worth $4,003,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Mark Sheptoff Financial Planning LLC purchased a new position in shares of Vistra during the 3rd quarter worth $30,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Vistra in the third quarter valued at $30,000. CVA Family Office LLC lifted its position in Vistra by 1,505.9% during the third quarter. CVA Family Office LLC now owns 273 shares of the company's stock worth $32,000 after buying an additional 256 shares during the period. RPg Family Wealth Advisory LLC acquired a new stake in Vistra in the 3rd quarter worth about $36,000. Finally, Redwood Wealth Management Group LLC purchased a new stake in Vistra in the 2nd quarter valued at about $26,000. Institutional investors and hedge funds own 90.88% of the company's stock.

Vistra Stock Down 0.1 %

VST traded down $0.14 during trading hours on Friday, reaching $144.94. 4,011,722 shares of the stock traded hands, compared to its average volume of 6,782,373. Vistra Corp. has a fifty-two week low of $37.38 and a fifty-two week high of $168.67. 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 cap of $49.31 billion, a price-to-earnings ratio of 27.04, a PEG ratio of 1.87 and a beta of 1.16. The firm's fifty day simple moving average is $139.60 and its two-hundred day simple moving average is $106.15.

Vistra announced that its board has authorized a stock repurchase program on Thursday, November 7th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to buy up to 2.1% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be paid a dividend of $0.221 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date is Friday, December 20th. This is a positive change from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio (DPR) is 16.42%.

Insiders Place Their Bets

In other Vistra news, EVP Stephen J. Muscato sold 207,100 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $161.34, for a total transaction of $33,413,514.00. Following the transaction, the executive vice president now owns 318,287 shares of the company's stock, valued at $51,352,424.58. This trade represents a 39.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Scott A. Hudson sold 115,000 shares of the company'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 value of $18,878,400.00. Following the sale, the executive vice president now directly owns 254,932 shares in the company, valued at approximately $41,849,637.12. This represents a 31.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 342,100 shares of company stock worth $55,087,314 in the last three months. 1.42% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on VST shares. JPMorgan Chase & Co. assumed coverage on shares of Vistra in a research note on Thursday, October 17th. They set an "overweight" rating and a $178.00 price target on the stock. UBS Group reduced their target price on Vistra from $157.00 to $150.00 and set a "buy" rating on the stock in a report on Tuesday, October 22nd. Morgan Stanley upped their price target on Vistra from $135.00 to $169.00 and gave the stock an "overweight" rating in a research note on Friday, November 22nd. Jefferies Financial Group lifted their price objective on Vistra from $99.00 to $137.00 and gave the company a "buy" rating in a research note on Tuesday, September 24th. Finally, Royal Bank of Canada increased their target price on shares of Vistra from $105.00 to $141.00 and gave the stock an "outperform" rating in a research report on Thursday, October 3rd. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $149.10.

Vistra Company 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.