Chesley Taft & Associates LLC raised its stake in Vistra Corp. (NYSE:VST – Free Report) by 14.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,929 shares of the company’s stock after buying an additional 237 shares during the period. Chesley Taft & Associates LLC’s holdings in Vistra were worth $266,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Founders Capital Management bought a new stake in shares of Vistra during the fourth quarter valued at approximately $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Vistra during the 3rd quarter worth $30,000. Mark Sheptoff Financial Planning LLC bought a new position in shares of Vistra during the 3rd quarter worth $30,000. CVA Family Office LLC increased its stake in shares of Vistra by 1,505.9% during the third quarter. CVA Family Office LLC now owns 273 shares of the company’s stock valued at $32,000 after buying 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 valued at $36,000. 90.88% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on VST. 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. Royal Bank of Canada upped their target price on Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Guggenheim lifted their price target on Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. BNP Paribas assumed coverage on Vistra in a research note on Monday, October 14th. They set an “outperform” rating and a $231.00 price objective for the company. 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 data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $163.80.
Insider Buying and Selling
In other news, EVP Scott A. Hudson sold 115,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 254,932 shares of the company’s stock, valued at $41,849,637.12. The trade was a 31.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Scott B. Helm sold 20,000 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 343,350 shares in the company, valued at approximately $47,990,029.50. This trade represents a 5.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 342,100 shares of company stock valued at $55,087,314 over the last quarter. 1.42% of the stock is currently owned by company insiders.
Vistra Stock Performance
VST opened at $185.31 on Wednesday. The company has a market cap of $63.05 billion, a P/E ratio of 34.57, a price-to-earnings-growth ratio of 1.62 and a beta of 1.21. 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 firm’s 50-day moving average price is $153.26 and its 200-day moving average price is $118.41. Vistra Corp. has a 52-week low of $39.13 and a 52-week high of $188.77.
Vistra (NYSE:VST – Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $5.25 EPS for the quarter, topping the consensus estimate of $1.24 by $4.01. Vistra had a net margin of 12.51% and a return on equity of 57.63%. The business had revenue of $6.29 billion during the quarter, compared to the consensus estimate of $4.96 billion. During the same period in the previous year, the firm posted $1.25 earnings per share. As a group, equities analysts anticipate that Vistra Corp. will post 4.48 EPS for the current fiscal year.
Vistra Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th were paid a dividend of $0.221 per share. This represents a $0.88 annualized dividend and a yield of 0.48%. The ex-dividend date was Friday, December 20th. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is presently 16.60%.
Vistra announced that its board has approved a stock buyback program on Thursday, November 7th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 2.1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.
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.
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