Legacy Capital Group California Inc. Has $273,000 Holdings in Vistra Corp. (NYSE:VST)

Legacy Capital Group California Inc. increased its position in Vistra Corp. (NYSE:VST) by 12.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,977 shares of the company’s stock after acquiring an additional 218 shares during the quarter. Legacy Capital Group California Inc.’s holdings in Vistra were worth $273,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of VST. Pathway Financial Advisers LLC lifted its position in shares of Vistra by 616.0% during the 4th quarter. Pathway Financial Advisers LLC now owns 179 shares of the company’s stock worth $25,000 after purchasing an additional 154 shares during the last quarter. Avior Wealth Management LLC lifted its holdings in shares of Vistra by 56.5% during the fourth quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock worth $25,000 after buying an additional 65 shares during the last quarter. Founders Capital Management acquired a new position in shares of Vistra during the fourth quarter worth approximately $28,000. West Branch Capital LLC bought a new stake in shares of Vistra in the fourth quarter valued at approximately $28,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new stake in shares of Vistra in the fourth quarter worth $28,000. 90.88% of the stock is currently owned by institutional investors.

Vistra Trading Down 7.8 %

Shares of VST opened at $150.51 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. The stock has a market cap of $51.21 billion, a PE ratio of 28.08, a PEG ratio of 1.16 and a beta of 1.22. Vistra Corp. has a 1 year low of $46.18 and a 1 year high of $199.84. The stock has a 50 day simple moving average of $160.19 and a 200-day simple moving average of $131.92.

Vistra Increases Dividend

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

Vistra declared that its Board of Directors has initiated a stock buyback plan on Thursday, November 7th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to buy up to 2.1% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

VST has been the subject of several research analyst reports. Evercore ISI assumed coverage on shares of Vistra in a research note on Tuesday, January 21st. They set an “outperform” rating and a $202.00 target price for the company. Bank of America began coverage on shares of Vistra in a research report on Monday, January 27th. They set a “neutral” rating and a $206.00 price objective for the company. Morgan Stanley lifted their target price on Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. UBS Group upped their price target on Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Finally, BMO Capital Markets lifted their price objective on Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $171.64.

Insider Activity

In other news, Director Scott B. Helm sold 20,000 shares of the firm’s stock in a transaction that occurred 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 approximately $47,990,029.50. This trade represents a 5.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 value of $18,878,400.00. Following the completion of the transaction, the executive vice president now directly owns 254,932 shares in the company, valued at $41,849,637.12. The trade was a 31.09 % 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.