Vistra Corp. (NYSE:VST) Shares Sold by Sigma Planning Corp

Sigma Planning Corp decreased its holdings in Vistra Corp. (NYSE:VST) by 20.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,987 shares of the company’s stock after selling 2,112 shares during the quarter. Sigma Planning Corp’s holdings in Vistra were worth $1,101,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Lionsbridge Wealth Management LLC purchased a new position in shares of Vistra during the 4th quarter valued at approximately $277,000. Dakota Wealth Management acquired a new stake in Vistra in the fourth quarter valued at $231,000. Empire Life Investments Inc. bought a new position in Vistra during the 3rd quarter valued at $23,028,000. Retirement Systems of Alabama grew its holdings in Vistra by 9.6% during the 3rd quarter. Retirement Systems of Alabama now owns 78,965 shares of the company’s stock worth $9,361,000 after acquiring an additional 6,920 shares in the last quarter. Finally, First Sabrepoint Capital Management LP bought a new stake in shares of Vistra in the 3rd quarter worth about $17,781,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. UBS Group increased their price target 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. BMO Capital Markets increased their target price on Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Evercore ISI assumed coverage on Vistra in a report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price target for the company. Morgan Stanley raised their price objective on Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Finally, Bank of America began coverage on shares of Vistra in a research note on Monday, January 27th. They set a “neutral” rating and a $206.00 target price for the company. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $171.64.

Vistra Stock Down 5.2 %

VST stock opened at $142.66 on Tuesday. The stock has a market cap of $48.54 billion, a PE ratio of 26.62, a price-to-earnings-growth ratio of 1.12 and a beta of 1.22. The firm’s 50-day simple moving average is $160.14 and its 200 day simple moving average is $133.18. Vistra Corp. has a fifty-two week low of $48.22 and a fifty-two week high of $199.84. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 20th will be issued a dividend of $0.2235 per share. This represents a $0.89 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend is Thursday, March 20th. This is a boost from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is 16.42%.

Vistra announced that its Board of Directors has approved a stock buyback program on Thursday, November 7th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to buy up to 2.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its shares are undervalued.

Insider Transactions at Vistra

In related news, Director Scott B. Helm sold 20,000 shares of Vistra stock in a transaction dated 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. The trade was a 5.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.42% of the company’s stock.

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.