Commerzbank Aktiengesellschaft FI Invests $340,000 in Vistra Corp. (NYSE:VST)

Commerzbank Aktiengesellschaft FI acquired a new position in shares of 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 acquired 2,425 shares of the company’s stock, valued at approximately $340,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Peregrine Asset Advisers Inc. raised its stake in shares of Vistra by 3.2% during the 4th quarter. Peregrine Asset Advisers Inc. now owns 2,064 shares of the company’s stock worth $285,000 after purchasing an additional 64 shares in the last quarter. Avior Wealth Management LLC increased its holdings in shares of Vistra by 56.5% during 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 last quarter. Galvin Gaustad & Stein LLC increased its holdings in shares of Vistra by 3.6% during the 4th quarter. Galvin Gaustad & Stein LLC now owns 2,077 shares of the company’s stock worth $286,000 after acquiring an additional 73 shares during the last quarter. Umpqua Bank increased its holdings in shares of Vistra by 2.2% during the 3rd quarter. Umpqua Bank now owns 3,780 shares of the company’s stock worth $448,000 after acquiring an additional 81 shares during the last quarter. Finally, OneDigital Investment Advisors LLC increased its holdings in shares of Vistra by 3.0% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,809 shares of the company’s stock worth $333,000 after acquiring an additional 81 shares during the last quarter. Institutional investors own 90.88% of the company’s stock.

Vistra Trading Up 0.0 %

NYSE VST opened at $126.99 on Thursday. The business has a 50 day simple moving average of $159.46 and a 200 day simple moving average of $135.46. Vistra Corp. has a one year low of $57.50 and a one year high of $199.84. The stock has a market capitalization of $43.20 billion, a P/E ratio of 23.69, a P/E/G ratio of 1.12 and a beta of 1.21. 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 approved a share buyback plan on Thursday, November 7th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to buy up to 2.1% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 20th will be paid a dividend of $0.2235 per share. The ex-dividend date is Thursday, March 20th. This represents a $0.89 annualized dividend and a yield of 0.70%. This is a boost from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is currently 12.62%.

Insider Buying and Selling

In other Vistra news, Director Scott B. Helm sold 20,000 shares of the firm’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 completion of the sale, the director now owns 343,350 shares of the company’s stock, valued at approximately $47,990,029.50. This trade represents a 5.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.42% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

VST has been the topic of a number of recent analyst reports. UBS Group boosted their target price on Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Evercore ISI initiated coverage on Vistra in a report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 target price on the stock. Bank of America raised Vistra from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $164.00 to $152.00 in a report on Tuesday. Morgan Stanley upped their price objective on Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Finally, BMO Capital Markets upped their price objective on Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Vistra presently has an average rating of “Moderate Buy” and an average target price of $162.83.

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.