Lebenthal Global Advisors LLC Invests $339,000 in Vistra Corp. (NYSE:VST)

Lebenthal Global Advisors LLC bought a new position in Vistra Corp. (NYSE:VSTFree Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 2,458 shares of the company’s stock, valued at approximately $339,000.

A number of other institutional investors have also added to or reduced their stakes in VST. State Street Corp increased 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 valued at $1,938,752,000 after purchasing an additional 1,037,402 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Vistra by 51.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,826,631 shares of the company’s stock valued at $453,609,000 after acquiring an additional 1,293,974 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of 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 acquiring an additional 1,000,307 shares in the last quarter. Castle Hook Partners LP lifted its holdings in shares of Vistra by 33.5% in the 3rd quarter. Castle Hook Partners LP now owns 2,610,273 shares of the company’s stock worth $309,422,000 after acquiring an additional 654,568 shares during the last quarter. Finally, Rubric Capital Management LP boosted its stake in shares of Vistra by 60.1% in the 3rd quarter. Rubric Capital Management LP now owns 2,125,000 shares of the company’s stock valued at $251,898,000 after purchasing an additional 797,894 shares in the last quarter. Institutional investors own 90.88% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on VST shares. UBS Group lifted their target price on shares of Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. JPMorgan Chase & Co. started coverage on Vistra in a report on Thursday, October 17th. They issued an “overweight” rating and a $178.00 price objective on the stock. Morgan Stanley increased their price objective on Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. BMO Capital Markets raised their target price on Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Finally, Evercore ISI started coverage on Vistra in a research report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price objective on the stock. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $171.64.

Check Out Our Latest Report on Vistra

Vistra Stock Performance

Shares of Vistra stock opened at $136.96 on Tuesday. The business has a fifty day simple moving average of $156.00 and a two-hundred day simple moving average of $120.79. The firm has a market capitalization of $46.60 billion, a P/E ratio of 25.55, a P/E/G ratio of 1.77 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 12 month low of $40.54 and a 12 month high of $199.84.

Vistra (NYSE:VSTGet Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $5.25 EPS for the quarter, topping the consensus estimate of $1.24 by $4.01. Vistra had a net margin of 12.51% and a return on equity of 57.63%. The business had revenue of $6.29 billion for the quarter, compared to analyst estimates of $4.96 billion. During the same quarter in the previous year, the firm posted $1.25 earnings per share. On average, equities analysts forecast that Vistra Corp. will post 4.48 earnings per share for the current fiscal year.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 20th were given a $0.221 dividend. The ex-dividend date was Friday, December 20th. This is a boost from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a yield of 0.65%. Vistra’s dividend payout ratio is 16.60%.

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

Insider Buying and Selling at Vistra

In other news, EVP Stephen J. Muscato sold 207,100 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 318,287 shares of the company’s stock, valued at $51,352,424.58. The trade was a 39.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Scott B. Helm sold 20,000 shares of the 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 disclosure for this sale can be found here. In the last three months, insiders have sold 342,100 shares of company stock worth $55,087,314. Insiders own 1.42% of the company’s stock.

About Vistra

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding VST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vistra Corp. (NYSE:VSTFree Report).

Institutional Ownership by Quarter for Vistra (NYSE:VST)

Receive News & Ratings for Vistra Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vistra and related companies with MarketBeat.com's FREE daily email newsletter.