Jag Capital Management LLC Acquires 96,952 Shares of Vistra Corp. (NYSE:VST)

Jag Capital Management LLC boosted its position in Vistra Corp. (NYSE:VST) by 1,160.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 105,310 shares of the company’s stock after buying an additional 96,952 shares during the quarter. Vistra comprises approximately 2.0% of Jag Capital Management LLC’s investment portfolio, making the stock its 19th largest position. Jag Capital Management LLC’s holdings in Vistra were worth $14,519,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analysts Forecast Growth

VST has been the subject of a number of recent analyst reports. BMO Capital Markets boosted 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. Evercore ISI started coverage on 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 started coverage on Vistra in a research note on Monday, January 27th. They set a “neutral” rating and a $206.00 price target on the stock. Morgan Stanley boosted their price target on Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Finally, UBS Group raised their price objective on Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a report on Friday, January 3rd. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Vistra presently has an average rating of “Moderate Buy” and a consensus price target of $171.64.

Vistra Price Performance

Shares of NYSE:VST opened at $123.79 on Tuesday. Vistra Corp. has a one year low of $55.28 and a one year high of $199.84. The stock has a market cap of $42.12 billion, a PE ratio of 23.10, a price-to-earnings-growth ratio of 1.12 and a beta of 1.22. The business’s fifty day moving average price is $160.13 and its two-hundred day moving average price is $134.83. 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 Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 20th will be paid a dividend of $0.2235 per share. The ex-dividend date of this dividend is Thursday, March 20th. This is an increase from Vistra’s previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a dividend yield of 0.72%. Vistra’s dividend payout ratio (DPR) is currently 16.60%.

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

Insider Activity

In other news, Director Scott B. Helm sold 20,000 shares of Vistra stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $139.77, for a total transaction of $2,795,400.00. Following the sale, the director now 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.42% of the company’s stock.

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.