Quarry LP Acquires 1,439 Shares of Vistra Corp. (NYSE:VST)

Quarry LP raised its holdings in shares of Vistra Corp. (NYSE:VST) by 5.2% in the 3rd quarter, Holdings Channel reports. The firm owned 29,140 shares of the company’s stock after purchasing an additional 1,439 shares during the quarter. Vistra accounts for 0.9% of Quarry LP’s holdings, making the stock its 16th biggest holding. Quarry LP’s holdings in Vistra were worth $3,454,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Forum Financial Management LP lifted its position in shares of Vistra by 0.7% during the third 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 lifted its position in shares of Vistra by 2.2% during the third quarter. Umpqua Bank now owns 3,780 shares of the company’s stock worth $448,000 after purchasing an additional 81 shares during the last quarter. OneDigital Investment Advisors LLC increased its stake in shares of Vistra by 3.0% during the third quarter. OneDigital Investment Advisors LLC now owns 2,809 shares of the company’s stock valued at $333,000 after buying an additional 81 shares during the period. Douglass Winthrop Advisors LLC increased its stake in shares of Vistra by 0.9% during the third quarter. Douglass Winthrop Advisors LLC now owns 11,335 shares of the company’s stock valued at $1,344,000 after buying an additional 100 shares during the period. Finally, Interchange Capital Partners LLC increased its stake in shares of Vistra by 4.2% during the third quarter. Interchange Capital Partners LLC now owns 2,710 shares of the company’s stock valued at $321,000 after buying an additional 109 shares during the period. 90.88% of the stock is currently owned by institutional investors.

Vistra Price Performance

Shares of NYSE VST opened at $161.31 on Thursday. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. The company has a market cap of $54.88 billion, a PE ratio of 30.10, a P/E/G ratio of 1.98 and a beta of 1.16. The business has a 50-day simple moving average of $136.04 and a two-hundred day simple moving average of $103.62. Vistra Corp. has a fifty-two week low of $36.17 and a fifty-two week high of $168.67.

Vistra announced that its board has approved a share buyback program on Thursday, November 7th that permits the company to buyback $1.00 billion in 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 a sign that the company’s leadership believes its stock is undervalued.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be issued a $0.221 dividend. This represents a $0.88 annualized dividend and a yield of 0.55%. The ex-dividend date is Friday, December 20th. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is currently 16.42%.

Insiders Place Their Bets

In other Vistra news, EVP Scott A. Hudson sold 115,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $164.16, for a total value of $18,878,400.00. Following the completion of the sale, the executive vice president now owns 254,932 shares of the company’s stock, valued at approximately $41,849,637.12. This trade represents a 31.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $33,413,514.00. Following the completion of the sale, the executive vice president now directly 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. Corporate insiders own 1.42% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Jefferies Financial Group raised their price target on Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. UBS Group cut their price target on Vistra from $157.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, October 22nd. BNP Paribas assumed coverage on Vistra in a research note on Monday, October 14th. They set an “outperform” rating and a $231.00 price target on the stock. Morgan Stanley raised their price target on Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Finally, Guggenheim raised their price target on Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $149.10.

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.