Fiduciary Alliance LLC Makes New Investment in Vistra Corp. (NYSE:VST)

Fiduciary Alliance LLC purchased a new position in shares of Vistra Corp. (NYSE:VST) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 24,803 shares of the company’s stock, valued at approximately $3,420,000.

Other large investors have also recently bought and sold shares of the company. Forum Financial Management LP increased its stake in shares of Vistra by 0.7% during the 3rd quarter. Forum Financial Management LP now owns 11,527 shares of the company’s stock worth $1,366,000 after purchasing an additional 80 shares during the last quarter. Umpqua Bank grew its stake in Vistra by 2.2% in the 3rd quarter. Umpqua Bank now owns 3,780 shares of the company’s stock valued at $448,000 after buying an additional 81 shares in the last quarter. OneDigital Investment Advisors LLC grew its position 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 valued at $333,000 after purchasing an additional 81 shares in the last quarter. Douglass Winthrop Advisors LLC grew its position in shares of Vistra by 0.9% during the 3rd quarter. Douglass Winthrop Advisors LLC now owns 11,335 shares of the company’s stock valued at $1,344,000 after purchasing an additional 100 shares in the last quarter. Finally, Interchange Capital Partners LLC grew its position in shares of Vistra by 4.2% during the 3rd quarter. Interchange Capital Partners LLC now owns 2,710 shares of the company’s stock valued at $321,000 after purchasing an additional 109 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on VST shares. Jefferies Financial Group boosted their price target on shares of Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. Royal Bank of Canada boosted their price target on shares of Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. UBS Group boosted their price target on shares of Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. BMO Capital Markets boosted their price target on shares of Vistra from $146.00 to $147.00 and gave the company an “outperform” rating in a research report on Tuesday, October 29th. Finally, Morgan Stanley boosted their price target on shares of Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat, Vistra presently has a consensus rating of “Buy” and a consensus price target of $151.50.

Insider Activity at Vistra

In other news, Director Scott B. Helm sold 20,000 shares of the firm’s stock in a transaction 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 sale, the director now directly owns 343,350 shares in the company, valued at $47,990,029.50. This trade represents a 5.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Scott A. Hudson sold 115,000 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $164.16, for a total transaction of $18,878,400.00. Following the sale, the executive vice president now owns 254,932 shares in the company, valued at $41,849,637.12. The trade was a 31.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 342,100 shares of company stock valued at $55,087,314 over the last 90 days. Corporate insiders own 1.42% of the company’s stock.

Vistra Trading Down 4.2 %

Shares of NYSE VST traded down $6.92 during midday trading on Monday, hitting $159.81. 1,489,010 shares of the company traded hands, compared to its average volume of 6,515,208. The firm has a market cap of $54.37 billion, a P/E ratio of 29.82, a P/E/G ratio of 1.86 and a beta of 1.21. 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 12-month low of $38.95 and a 12-month high of $169.19. The stock has a 50-day moving average price of $147.78 and a 200 day moving average price of $114.31.

Vistra Increases Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.88 annualized dividend and a dividend yield of 0.55%. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is 16.42%.

Vistra announced that its Board of Directors has approved a stock buyback plan on Thursday, November 7th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 2.1% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

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.