Graypoint LLC Takes Position in Vistra Corp. (NYSE:VST)

Graypoint LLC bought a new stake in shares of Vistra Corp. (NYSE:VST) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,615 shares of the company’s stock, valued at approximately $223,000.

Other hedge funds have also recently made changes to their positions in the company. Redwood Wealth Management Group LLC purchased a new stake in shares of Vistra during the 2nd quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Vistra in the 3rd quarter worth about $30,000. Mark Sheptoff Financial Planning LLC purchased a new stake in Vistra in the 3rd quarter worth about $30,000. CVA Family Office LLC raised its position in Vistra by 1,505.9% in the 3rd quarter. CVA Family Office LLC now owns 273 shares of the company’s stock worth $32,000 after purchasing an additional 256 shares during the period. Finally, RPg Family Wealth Advisory LLC purchased a new position in shares of Vistra during the third quarter worth approximately $36,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Vistra Trading Up 3.9 %

NYSE VST opened at $167.08 on Monday. The company has a fifty day simple moving average of $147.78 and a two-hundred day simple moving average of $114.31. The stock has a market cap of $56.84 billion, a P/E ratio of 31.17, a P/E/G ratio of 1.86 and a beta of 1.21. Vistra Corp. has a 12-month low of $38.08 and a 12-month high of $169.19. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68.

Vistra declared that its Board of Directors has initiated a stock buyback program on Thursday, November 7th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to reacquire 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 stock is undervalued.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th were issued a $0.221 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.53%. This is a boost from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is currently 16.42%.

Insiders Place Their Bets

In other Vistra news, EVP Stephen J. Muscato sold 207,100 shares of the firm’s 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 completion of the transaction, the executive vice president now owns 318,287 shares of the company’s stock, valued at approximately $51,352,424.58. This trade represents a 39.42 % 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, Director Scott B. Helm sold 20,000 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $139.77, for a total transaction of $2,795,400.00. Following the completion of the transaction, the director now directly owns 343,350 shares of the company’s stock, valued at approximately $47,990,029.50. This represents a 5.50 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 342,100 shares of company stock valued at $55,087,314. Insiders own 1.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on VST. JPMorgan Chase & Co. began coverage on shares of Vistra in a research note on Thursday, October 17th. They set an “overweight” rating and a $178.00 price objective on the stock. Morgan Stanley increased their price objective 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. BNP Paribas began coverage on shares of Vistra in a research note on Monday, October 14th. They set an “outperform” rating and a $231.00 price objective on the stock. Guggenheim increased their price objective on shares of Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Finally, Royal Bank of Canada increased their price objective on shares of Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Ten analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $151.50.

Vistra Company 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.