4,450 Shares in Vistra Corp. (NYSE:VST) Purchased by Chung Wu Investment Group LLC

Chung Wu Investment Group LLC acquired a new stake in Vistra Corp. (NYSE:VST) in the fourth quarter, Holdings Channel reports. The fund acquired 4,450 shares of the company’s stock, valued at approximately $614,000.

A number of other institutional investors have also recently bought and sold shares of the business. Lionsbridge Wealth Management LLC bought a new stake in shares of Vistra in the fourth quarter valued at approximately $277,000. Dakota Wealth Management acquired a new position in Vistra in the 4th quarter valued at $231,000. Retirement Systems of Alabama lifted its position in shares of Vistra by 9.6% during the 3rd quarter. Retirement Systems of Alabama now owns 78,965 shares of the company’s stock valued at $9,361,000 after acquiring an additional 6,920 shares during the period. First Sabrepoint Capital Management LP acquired a new stake in shares of Vistra during the 3rd quarter worth $17,781,000. Finally, Legal Advantage Investments Inc. bought a new position in shares of Vistra in the fourth quarter worth $565,000. Institutional investors own 90.88% of the company’s stock.

Analysts Set New Price Targets

VST has been the topic of a number of analyst reports. Morgan Stanley increased their price objective 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. Evercore ISI started coverage on shares of Vistra in a research report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 target price on the stock. Bank of America raised shares of Vistra from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $164.00 to $152.00 in a research note on Tuesday. Daiwa Capital Markets started coverage on Vistra in a research note on Wednesday. They issued a “neutral” rating and a $120.00 price target for the company. Finally, UBS Group boosted their price objective on Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Vistra presently has an average rating of “Moderate Buy” and an average target price of $162.83.

Insider Buying and Selling at Vistra

In other Vistra news, Director Scott B. Helm sold 20,000 shares of the business’s stock in a transaction that occurred 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 directly owns 343,350 shares of the company’s stock, valued at approximately $47,990,029.50. The trade was a 5.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.42% of the company’s stock.

Vistra Stock Performance

Shares of VST stock opened at $126.99 on Thursday. 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 one year low of $57.50 and a one year high of $199.84. The business’s 50 day simple moving average is $159.46 and its 200 day simple moving average is $135.46. The stock has a market capitalization of $43.20 billion, a PE ratio of 23.69, a PEG ratio of 1.12 and a beta of 1.21.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 20th will be issued a $0.2235 dividend. This is a positive change from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.89 annualized dividend and a yield of 0.70%. Vistra’s payout ratio is presently 12.62%.

Vistra declared that its board has initiated a share buyback plan on Thursday, November 7th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 2.1% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership 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.