Integrated Investment Consultants LLC Sells 5,350 Shares of Vistra Corp. (NYSE:VST)

Integrated Investment Consultants LLC reduced its stake in shares of Vistra Corp. (NYSE:VST) by 41.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,450 shares of the company’s stock after selling 5,350 shares during the quarter. Integrated Investment Consultants LLC’s holdings in Vistra were worth $1,027,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of VST. Massachusetts Financial Services Co. MA increased its holdings in Vistra by 51.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,826,631 shares of the company’s stock valued at $453,609,000 after buying an additional 1,293,974 shares during the period. Thrivent Financial for Lutherans boosted its position in shares of Vistra by 1,358.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,228,144 shares of the company’s stock worth $105,596,000 after acquiring an additional 1,143,918 shares in the last quarter. State Street Corp boosted its position in shares of Vistra by 6.8% during the 3rd quarter. State Street Corp now owns 16,355,255 shares of the company’s stock worth $1,938,752,000 after acquiring an additional 1,037,402 shares in the last quarter. Janus Henderson Group PLC increased its stake in Vistra by 36.0% in the third quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company’s stock valued at $448,320,000 after acquiring an additional 1,000,307 shares during the last quarter. Finally, Marshall Wace LLP raised its position in Vistra by 315.9% during the second quarter. Marshall Wace LLP now owns 1,175,811 shares of the company’s stock valued at $101,096,000 after purchasing an additional 893,093 shares in the last quarter. Institutional investors own 90.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on VST. Morgan Stanley raised their target price on Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Royal Bank of Canada lifted their target price on Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. BNP Paribas began coverage on shares of Vistra in a report on Monday, October 14th. They issued an “outperform” rating and a $231.00 target price for the company. UBS Group lifted their price target on shares of Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Finally, Guggenheim increased their price objective on shares of Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Ten analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $151.50.

Vistra Trading Down 1.7 %

Shares of NYSE VST opened at $171.10 on Friday. The stock has a market cap of $58.21 billion, a P/E ratio of 31.92, a price-to-earnings-growth ratio of 1.56 and a beta of 1.21. The firm has a 50 day moving average price of $151.89 and a two-hundred day moving average price of $116.79. 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 Corp. has a 52-week low of $39.08 and a 52-week high of $178.40.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 20th were given a dividend of $0.221 per share. This is a positive change from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a yield of 0.52%. The ex-dividend date was Friday, December 20th. Vistra’s dividend payout ratio (DPR) is currently 16.60%.

Vistra declared that its board has authorized a stock buyback program 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 shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

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 shares were sold at an average price of $139.77, for a total transaction of $2,795,400.00. Following the completion of the transaction, the director now owns 343,350 shares in the company, valued at approximately $47,990,029.50. This trade represents a 5.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Stephen J. Muscato sold 207,100 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $161.34, for a total transaction of $33,413,514.00. Following the completion of the sale, the executive vice president now directly owns 318,287 shares in the company, valued at approximately $51,352,424.58. This represents a 39.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 342,100 shares of company stock valued at $55,087,314. 1.42% of the stock is currently owned by company insiders.

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.