Mutual Advisors LLC Increases Holdings in Vistra Corp. (NYSE:VST)

Mutual Advisors LLC increased its position in Vistra Corp. (NYSE:VST) by 5.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,471 shares of the company’s stock after buying an additional 1,204 shares during the quarter. Mutual Advisors LLC’s holdings in Vistra were worth $3,098,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Founders Capital Management purchased a new stake in shares of Vistra in the 4th quarter valued at $28,000. West Branch Capital LLC bought a new stake in Vistra in the fourth quarter worth $28,000. Mark Sheptoff Financial Planning LLC purchased a new stake in Vistra during the third quarter valued at about $30,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Vistra during the third quarter valued at about $30,000. Finally, CVA Family Office LLC increased its holdings in shares of Vistra by 1,505.9% in 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. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on VST. Guggenheim raised their price target on Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Morgan Stanley lifted their target price on shares of Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Royal Bank of Canada upped their price target on shares of Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Evercore ISI assumed coverage on shares of Vistra in a report on Tuesday. They issued an “outperform” rating and a $202.00 price target on the stock. Finally, UBS Group increased 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. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $168.20.

Insider Buying and Selling

In related news, EVP Scott A. Hudson sold 115,000 shares of the company’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 sale, the executive vice president now owns 254,932 shares in the company, valued at $41,849,637.12. This represents a 31.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Stephen J. Muscato sold 207,100 shares of Vistra stock in a transaction on 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 transaction, the executive vice president now owns 318,287 shares of the company’s stock, valued at $51,352,424.58. The trade was a 39.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 342,100 shares of company stock worth $55,087,314 in the last three months. 1.42% of the stock is owned by corporate insiders.

Vistra Stock Performance

Shares of VST opened at $191.70 on Friday. The company has a 50-day simple moving average of $155.22 and a two-hundred day simple moving average of $119.39. 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 firm has a market capitalization of $65.22 billion, a PE ratio of 35.76, a price-to-earnings-growth ratio of 1.77 and a beta of 1.21. Vistra Corp. has a one year low of $39.13 and a one year high of $199.84.

Vistra (NYSE:VST) last released its earnings results on Thursday, November 7th. The company reported $5.25 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $4.01. The company had revenue of $6.29 billion during the quarter, compared to analysts’ expectations of $4.96 billion. Vistra had a return on equity of 57.63% and a net margin of 12.51%. During the same quarter last year, the business posted $1.25 EPS. On average, analysts anticipate that Vistra Corp. will post 4.48 EPS for the current fiscal year.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th were given a $0.221 dividend. The ex-dividend date was Friday, December 20th. This is an increase from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.46%. Vistra’s dividend payout ratio is currently 16.60%.

Vistra declared that its board has initiated a stock repurchase program on Thursday, November 7th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to buy up to 2.1% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are 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.