Mark Sheptoff Financial Planning LLC Invests $30,000 in Vistra Corp. (NYSE:VST)

Mark Sheptoff Financial Planning LLC acquired a new position in Vistra Corp. (NYSE:VST) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 250 shares of the company’s stock, valued at approximately $30,000.

A number of other institutional investors have also recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Vistra in the third quarter valued at about $30,000. CVA Family Office LLC increased its holdings in shares of Vistra by 1,505.9% during the third quarter. CVA Family Office LLC now owns 273 shares of the company’s stock valued at $32,000 after acquiring an additional 256 shares in the last quarter. RPg Family Wealth Advisory LLC acquired a new position in shares of Vistra during the third quarter valued at about $36,000. Redwood Wealth Management Group LLC purchased a new position in shares of Vistra in the 2nd quarter valued at approximately $26,000. Finally, ORG Wealth Partners LLC acquired a new stake in Vistra in the 3rd quarter worth approximately $40,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. started coverage on shares of Vistra in a research note on Thursday, October 17th. They set an “overweight” rating and a $178.00 price target on the stock. Morgan Stanley upped their target price on Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. BNP Paribas started coverage on Vistra in a research note on Monday, October 14th. They issued an “outperform” rating and a $231.00 target price for the company. UBS Group lowered their price target on Vistra from $157.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, October 22nd. Finally, Royal Bank of Canada increased their price objective on Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $149.10.

Insider Buying and Selling

In related news, EVP Scott A. Hudson sold 115,000 shares of the 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 directly owns 254,932 shares of the company’s stock, valued at approximately $41,849,637.12. This represents a 31.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Stephen J. Muscato sold 207,100 shares of the company’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 completion of the transaction, the executive vice president now owns 318,287 shares of the company’s stock, valued at approximately $51,352,424.58. This trade represents a 39.42 % decrease in their position. The disclosure for this sale can be found here. 1.42% of the stock is owned by corporate insiders.

Vistra Price Performance

Shares of VST opened at $159.84 on Friday. The business’s 50-day moving average is $133.51 and its two-hundred day moving average is $102.25. The company has a market capitalization of $54.38 billion, a P/E ratio of 29.82, a P/E/G ratio of 2.05 and a beta of 1.09. Vistra Corp. has a fifty-two week low of $34.89 and a fifty-two week high of $168.67. 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be issued a dividend of $0.221 per share. This represents a $0.88 annualized dividend and a yield of 0.55%. This is a positive change from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date is Friday, December 20th. Vistra’s dividend payout ratio (DPR) is 16.42%.

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

Vistra 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.