Signet Financial Management LLC Has $5.89 Million Holdings in Vistra Corp. (NYSE:VST)

Signet Financial Management LLC lessened its holdings in Vistra Corp. (NYSE:VST) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 42,735 shares of the company’s stock after selling 525 shares during the quarter. Signet Financial Management LLC’s holdings in Vistra were worth $5,892,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA raised its position in shares of Vistra by 115.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,532,657 shares of the company’s stock valued at $217,758,000 after acquiring an additional 1,356,488 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in Vistra by 1,358.2% in the second quarter. Thrivent Financial for Lutherans now owns 1,228,144 shares of the company’s stock valued at $105,596,000 after purchasing an additional 1,143,918 shares during the last quarter. State Street Corp lifted its stake in Vistra by 6.8% in the third quarter. State Street Corp now owns 16,355,255 shares of the company’s stock valued at $1,938,752,000 after buying an additional 1,037,402 shares during the period. Janus Henderson Group PLC boosted its holdings in Vistra by 36.0% during the third quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company’s stock worth $448,320,000 after buying an additional 1,000,307 shares during the last quarter. Finally, Marshall Wace LLP grew its position in shares of Vistra by 315.9% during the 2nd quarter. Marshall Wace LLP now owns 1,175,811 shares of the company’s stock worth $101,096,000 after buying an additional 893,093 shares during the period. Institutional investors and hedge funds own 90.88% of the company’s stock.

Insider Activity

In other Vistra news, Director Scott B. Helm sold 20,000 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were 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 in the company, valued at $47,990,029.50. The trade was a 5.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Stephen J. Muscato sold 207,100 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $161.34, for a total transaction of $33,413,514.00. Following the sale, the executive vice president now owns 318,287 shares of the company’s stock, valued at approximately $51,352,424.58. This represents a 39.42 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 342,100 shares of company stock valued at $55,087,314. 1.42% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on VST. Morgan Stanley lifted their price objective on shares of Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. 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 report on Thursday, October 3rd. JPMorgan Chase & Co. initiated coverage on Vistra in a research note on Thursday, October 17th. They set an “overweight” rating and a $178.00 price objective on the stock. BMO Capital Markets boosted their target price on Vistra from $146.00 to $147.00 and gave the company an “outperform” rating in a research note on Tuesday, October 29th. Finally, Guggenheim raised their price target on Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $151.50.

Vistra Stock Down 2.5 %

Shares of Vistra stock traded down $4.10 on Monday, reaching $162.63. 6,266,349 shares of the company were exchanged, compared to its average volume of 7,238,984. The company has a market capitalization of $55.33 billion, a price-to-earnings ratio of 30.34, a PEG ratio of 1.86 and a beta of 1.21. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. Vistra Corp. has a one year low of $38.95 and a one year high of $169.19. The company has a 50-day moving average of $147.78 and a 200 day moving average of $114.31.

Vistra announced that its Board of Directors has initiated a stock buyback program on Thursday, November 7th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to repurchase up to 2.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th were given a $0.221 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date was Friday, December 20th. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is 16.42%.

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.