Brooklyn Investment Group Sells 508 Shares of Vistra Corp. (NYSE:VST)

Brooklyn Investment Group lessened its holdings in Vistra Corp. (NYSE:VST) by 63.1% in the 4th quarter, Holdings Channel reports. The firm owned 297 shares of the company’s stock after selling 508 shares during the quarter. Brooklyn Investment Group’s holdings in Vistra were worth $41,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of VST. Forum Financial Management LP lifted its stake in Vistra by 0.7% during the third quarter. Forum Financial Management LP now owns 11,527 shares of the company’s stock worth $1,366,000 after purchasing an additional 80 shares during the period. Umpqua Bank lifted its position in shares of Vistra by 2.2% during the 3rd quarter. Umpqua Bank now owns 3,780 shares of the company’s stock worth $448,000 after buying an additional 81 shares during the period. OneDigital Investment Advisors LLC boosted its stake in Vistra by 3.0% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,809 shares of the company’s stock valued at $333,000 after buying an additional 81 shares in the last quarter. Douglass Winthrop Advisors LLC grew its position in Vistra by 0.9% in the third quarter. Douglass Winthrop Advisors LLC now owns 11,335 shares of the company’s stock valued at $1,344,000 after acquiring an additional 100 shares during the period. Finally, Fiduciary Financial Group LLC raised its stake in Vistra by 4.1% during the fourth quarter. Fiduciary Financial Group LLC now owns 2,651 shares of the company’s stock worth $365,000 after acquiring an additional 105 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors.

Insider Activity at Vistra

In other news, Director Scott B. Helm sold 20,000 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $139.77, for a total value of $2,795,400.00. Following the transaction, the director now owns 343,350 shares of the company’s stock, valued at $47,990,029.50. This represents a 5.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Scott A. Hudson sold 115,000 shares of Vistra stock in a transaction 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 sale, the executive vice president now directly owns 254,932 shares of the company’s stock, valued at approximately $41,849,637.12. This trade 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 over the last ninety days. Company insiders own 1.42% of the company’s stock.

Vistra Price Performance

Shares of VST stock opened at $171.10 on Monday. The firm has a market cap of $58.21 billion, a price-to-earnings ratio of 31.92, a PEG ratio of 1.56 and a beta of 1.21. Vistra Corp. has a 12 month low of $39.08 and a 12 month high of $178.40. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. The stock has a 50-day moving average price of $151.89 and a 200 day moving average price of $117.17.

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

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 20th were paid a dividend of $0.221 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.52%. This is an increase from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, December 20th. Vistra’s payout ratio is 16.60%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on VST shares. Jefferies Financial Group upped their target price on shares of Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. UBS Group upped their price objective on shares of Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Morgan Stanley lifted their target price on shares of Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. BMO Capital Markets raised their price target on Vistra from $146.00 to $147.00 and gave the company an “outperform” rating in a report on Tuesday, October 29th. Finally, Guggenheim boosted their price objective on Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Vistra presently has a consensus rating of “Buy” and an average target price of $151.50.

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.