Navellier & Associates Inc. Has $16.29 Million Stake in Vistra Corp. (NYSE:VST)

Navellier & Associates Inc. grew its position in Vistra Corp. (NYSE:VST) by 8.1% during the fourth quarter, HoldingsChannel reports. The firm owned 118,147 shares of the company’s stock after buying an additional 8,869 shares during the quarter. Vistra comprises approximately 2.0% of Navellier & Associates Inc.’s holdings, making the stock its 8th biggest position. Navellier & Associates Inc.’s holdings in Vistra were worth $16,289,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of VST. Avior Wealth Management LLC raised its holdings in Vistra by 56.5% in the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock worth $25,000 after acquiring an additional 65 shares during the period. Pathway Financial Advisers LLC grew its position in shares of Vistra by 616.0% in the fourth quarter. Pathway Financial Advisers LLC now owns 179 shares of the company’s stock valued at $25,000 after purchasing an additional 154 shares during the last quarter. Founders Capital Management bought a new position in shares of Vistra in the fourth quarter worth about $28,000. West Branch Capital LLC acquired a new position in shares of Vistra during the 4th quarter worth about $28,000. Finally, Comprehensive Financial Planning Inc. PA bought a new stake in Vistra during the 4th quarter valued at approximately $28,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on the company. Morgan Stanley lifted 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. Evercore ISI started coverage on shares of Vistra in a research report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 target price on the stock. Bank of America began coverage on shares of Vistra in a report on Monday, January 27th. They issued a “neutral” rating and a $206.00 price target for the company. BMO Capital Markets boosted their price objective on shares of Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Finally, UBS Group increased their target price on shares of Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, Vistra presently has an average rating of “Moderate Buy” and an average target price of $171.64.

Vistra Stock Performance

NYSE VST opened at $150.51 on Friday. The stock has a market cap of $51.21 billion, a P/E ratio of 28.08, a PEG ratio of 1.12 and a beta of 1.22. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. Vistra Corp. has a twelve month low of $46.18 and a twelve month high of $199.84. The company’s 50-day simple moving average is $160.19 and its 200 day simple moving average is $131.92.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 20th will be issued a $0.2235 dividend. This is a boost from Vistra’s previous quarterly dividend of $0.22. This represents a $0.89 dividend on an annualized basis and a dividend yield of 0.59%. Vistra’s dividend payout ratio is presently 16.60%.

Vistra announced that its Board of Directors has authorized 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 purchase up to 2.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In other Vistra news, EVP Scott A. Hudson sold 115,000 shares of the stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 254,932 shares in the company, valued at $41,849,637.12. This represents a 31.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Scott B. Helm sold 20,000 shares of Vistra stock in a transaction on Tuesday, December 10th. The shares were 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 disclosure for this sale can be found here. 1.42% of the stock is owned by corporate insiders.

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.