500 Shares in Vistra Corp. (NYSE:VST) Purchased by ORG Partners LLC

ORG Partners LLC bought a new stake in Vistra Corp. (NYSE:VST) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 500 shares of the company’s stock, valued at approximately $69,000.

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

Vistra Trading Up 3.9 %

Vistra stock opened at $167.08 on Friday. The business’s 50-day simple moving average is $147.78 and its 200-day simple moving average is $114.11. Vistra Corp. has a 52 week low of $38.08 and a 52 week high of $169.19. The firm has a market capitalization of $56.84 billion, a PE ratio of 31.17, a PEG ratio of 1.86 and a beta of 1.21. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th were issued a dividend of $0.221 per share. The ex-dividend date was Friday, December 20th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.53%. Vistra’s payout ratio is 16.42%.

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on VST. JPMorgan Chase & Co. initiated coverage on Vistra in a report on Thursday, October 17th. They set an “overweight” rating and a $178.00 price target for the company. Royal Bank of Canada increased their price target on shares of Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Jefferies Financial Group lifted their price objective on shares of Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. 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 research report on Friday, January 3rd. Finally, Morgan Stanley boosted their price target on Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $151.50.

Insider Activity

In other Vistra news, EVP Stephen J. Muscato sold 207,100 shares of the 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 sale, the executive vice president now directly owns 318,287 shares of the company’s stock, valued at $51,352,424.58. This represents a 39.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Scott B. Helm sold 20,000 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 343,350 shares in the company, valued at approximately $47,990,029.50. The trade was a 5.50 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 342,100 shares of company stock valued at $55,087,314. 1.42% of the stock is owned by company insiders.

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.