Pine Valley Investments Ltd Liability Co Buys Shares of 1,753 Vistra Corp. (NYSE:VST)

Pine Valley Investments Ltd Liability Co bought a new position in Vistra Corp. (NYSE:VST) in the third quarter, Holdings Channel.com reports. The institutional investor bought 1,753 shares of the company’s stock, valued at approximately $208,000.

Several other hedge funds have also modified their holdings of VST. Redwood Wealth Management Group LLC purchased a new position in shares of Vistra in the 2nd quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Vistra in the third quarter worth $30,000. Mark Sheptoff Financial Planning LLC acquired a new position in shares of Vistra during the third quarter worth $30,000. CVA Family Office LLC increased its position 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 worth $32,000 after purchasing an additional 256 shares in the last quarter. Finally, EdgeRock Capital LLC purchased a new stake in shares of Vistra during the 2nd quarter valued at $34,000. 90.88% of the stock is owned by hedge funds and other institutional investors.

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 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 transaction, the executive vice president now owns 318,287 shares of the company’s stock, valued at $51,352,424.58. The trade was a 39.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Scott B. Helm sold 20,000 shares of the company’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $139.77, for a total value of $2,795,400.00. Following the completion of the sale, the director now owns 343,350 shares in the company, valued at $47,990,029.50. The trade was a 5.50 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 342,100 shares of company stock valued at $55,087,314. 1.42% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Royal Bank of Canada upped their target price on Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Guggenheim boosted their price target on Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. began coverage on shares of Vistra in a research report on Thursday, October 17th. They issued an “overweight” rating and a $178.00 price objective for the company. BMO Capital Markets lifted their target price on shares of Vistra from $146.00 to $147.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. Finally, UBS Group cut their price target on shares of Vistra from $157.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, October 22nd. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Vistra currently has a consensus rating of “Buy” and a consensus price target of $149.10.

Vistra Stock Performance

VST opened at $144.94 on Friday. The firm has a 50 day moving average of $139.60 and a two-hundred day moving average of $106.15. The firm has a market capitalization of $49.31 billion, a PE ratio of 27.04, a P/E/G ratio of 1.87 and a beta of 1.16. 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 $37.38 and a 12-month high of $168.67.

Vistra declared that its board has initiated a stock repurchase plan on Thursday, November 7th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to repurchase up to 2.1% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be given a dividend of $0.221 per share. The ex-dividend date of this dividend is Friday, December 20th. This is an increase from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a yield of 0.61%. Vistra’s payout ratio is currently 16.42%.

Vistra Company 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.