NewEdge Wealth LLC Has $52.01 Million Stake in Vistra Corp. (NYSE:VST)

NewEdge Wealth LLC boosted its position in shares of Vistra Corp. (NYSE:VST) by 2.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 377,238 shares of the company’s stock after purchasing an additional 8,933 shares during the period. Vistra accounts for 0.9% of NewEdge Wealth LLC’s investment portfolio, making the stock its 20th biggest holding. NewEdge Wealth LLC owned 0.11% of Vistra worth $52,010,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in VST. Avior Wealth Management LLC raised its position in Vistra by 56.5% during the fourth quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock valued at $25,000 after buying an additional 65 shares during the period. Pathway Financial Advisers LLC increased its holdings in shares of Vistra by 616.0% in the 4th 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 period. Founders Capital Management purchased a new stake in shares of Vistra in the fourth quarter worth approximately $28,000. West Branch Capital LLC acquired a new stake in shares of Vistra during the fourth quarter worth approximately $28,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new position in Vistra during the fourth quarter valued at approximately $28,000. 90.88% of the stock is owned by institutional investors and hedge funds.

Vistra Stock Performance

Shares of NYSE:VST opened at $147.84 on Thursday. The stock has a market capitalization of $50.30 billion, a price-to-earnings ratio of 27.58, a price-to-earnings-growth ratio of 1.12 and a beta of 1.22. The business’s fifty day moving average price is $160.40 and its two-hundred day moving average price is $133.70. Vistra Corp. has a fifty-two week low of $48.22 and a fifty-two week high of $199.84. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99.

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

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 20th will be issued a dividend of $0.2235 per share. This is an increase from Vistra’s previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a yield of 0.60%. The ex-dividend date is Thursday, March 20th. Vistra’s dividend payout ratio (DPR) is currently 16.42%.

Insider Activity at Vistra

In other news, Director Scott B. Helm sold 20,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now directly owns 343,350 shares of the company’s stock, valued at $47,990,029.50. The trade was a 5.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.42% of the stock is currently owned by insiders.

Analyst Ratings Changes

VST has been the subject of a number of research analyst reports. Evercore ISI assumed coverage on shares of Vistra in a research report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 target price for the company. Morgan Stanley upped their price objective on shares of Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. BMO Capital Markets increased their price target on Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Bank of America started coverage on Vistra in a report on Monday, January 27th. They issued a “neutral” rating and a $206.00 target price on the stock. Finally, UBS Group upped 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 research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $171.64.

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.