Vistra Corp. (NYSE:VST) Shares Acquired by Glenmede Trust Co. NA

Glenmede Trust Co. NA lifted its holdings in shares of Vistra Corp. (NYSE:VST) by 49.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,560 shares of the company’s stock after purchasing an additional 5,788 shares during the quarter. Glenmede Trust Co. NA’s holdings in Vistra were worth $2,082,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in VST. Lone Pine Capital LLC raised its position in shares of Vistra by 6.6% in the 2nd quarter. Lone Pine Capital LLC now owns 6,838,007 shares of the company’s stock worth $587,932,000 after buying an additional 425,126 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Vistra by 51.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,826,631 shares of the company’s stock worth $453,609,000 after buying an additional 1,293,974 shares during the period. Thrivent Financial for Lutherans raised its position in shares of Vistra by 43.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,755,723 shares of the company’s stock worth $208,122,000 after buying an additional 527,579 shares during the period. Point72 Asset Management L.P. raised its position in shares of Vistra by 121.1% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,536,192 shares of the company’s stock worth $132,082,000 after buying an additional 841,292 shares during the period. Finally, American Century Companies Inc. raised its position in shares of Vistra by 106.4% in the 2nd quarter. American Century Companies Inc. now owns 1,384,629 shares of the company’s stock worth $119,050,000 after buying an additional 713,705 shares during the period. Institutional investors and hedge funds own 90.88% of the company’s stock.

Insider Activity

In other news, EVP Scott A. Hudson sold 115,000 shares of Vistra stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $164.16, for a total transaction of $18,878,400.00. Following the sale, the executive vice president now owns 254,932 shares of the company’s stock, valued at approximately $41,849,637.12. The trade was a 31.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Stephen J. Muscato sold 207,100 shares of Vistra stock in a transaction that occurred 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 sale, the executive vice president now directly owns 318,287 shares in the company, valued at approximately $51,352,424.58. This trade represents a 39.42 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.42% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on VST shares. JPMorgan Chase & Co. started coverage on Vistra in a research report on Thursday, October 17th. They issued an “overweight” rating and a $178.00 target price on the stock. Guggenheim raised their price objective on Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. BNP Paribas initiated coverage on Vistra in a research report on Monday, October 14th. They issued an “outperform” rating and a $231.00 price objective on the stock. Royal Bank of Canada raised their price objective on Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Finally, Morgan Stanley raised their price objective on Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Ten research analysts have rated the stock with a buy rating, According to MarketBeat.com, Vistra presently has an average rating of “Buy” and a consensus price target of $149.10.

Vistra Stock Performance

Shares of VST stock opened at $159.84 on Monday. 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 business has a 50 day moving average of $133.51 and a two-hundred day moving average of $102.33. Vistra Corp. has a 52 week low of $34.89 and a 52 week high of $168.67. The company has a market cap of $54.38 billion, a P/E ratio of 29.82, a PEG ratio of 2.05 and a beta of 1.09.

Vistra announced that its Board of Directors has approved a stock buyback program on Thursday, November 7th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to buy up to 2.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its shares are undervalued.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be paid a $0.221 dividend. 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 yield of 0.55%. The ex-dividend date of this dividend is Friday, December 20th. Vistra’s payout ratio is presently 16.42%.

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.