Vistra Corp. (NYSE:VST) Stock Position Raised by Reaves W H & Co. Inc.

Reaves W H & Co. Inc. boosted its stake in Vistra Corp. (NYSE:VST) by 5.5% during the fourth quarter, HoldingsChannel reports. The firm owned 1,640,542 shares of the company’s stock after buying an additional 85,904 shares during the period. Vistra comprises about 6.0% of Reaves W H & Co. Inc.’s portfolio, making the stock its 2nd biggest holding. Reaves W H & Co. Inc.’s holdings in Vistra were worth $226,181,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Avior Wealth Management LLC grew its position in Vistra by 56.5% during the fourth quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock valued at $25,000 after acquiring an additional 65 shares during the last quarter. Pathway Financial Advisers LLC grew its position in Vistra by 616.0% during the fourth quarter. Pathway Financial Advisers LLC now owns 179 shares of the company’s stock valued at $25,000 after acquiring an additional 154 shares during the last quarter. Founders Capital Management bought a new position in Vistra during the fourth quarter valued at approximately $28,000. West Branch Capital LLC bought a new position in Vistra during the fourth quarter valued at approximately $28,000. Finally, Comprehensive Financial Planning Inc. PA bought a new position in Vistra during the fourth quarter valued at approximately $28,000. 90.88% of the stock is owned by hedge funds and other institutional investors.

Vistra Stock Performance

NYSE:VST opened at $123.79 on Tuesday. The stock has a market cap of $42.12 billion, a P/E ratio of 23.10, a price-to-earnings-growth ratio of 1.12 and a beta of 1.22. The firm’s fifty day simple moving average is $160.13 and its 200 day simple moving average is $134.83. Vistra Corp. has a twelve month low of $55.28 and a twelve month 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 business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 20th will be issued a $0.2235 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.89 annualized dividend and a yield of 0.72%. This is a boost from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is 16.60%.

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

Analyst Ratings Changes

A number of research analysts have commented on VST shares. BMO Capital Markets increased their price target on shares of Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Bank of America started coverage on shares of Vistra in a research report on Monday, January 27th. They set a “neutral” rating and a $206.00 price target on the stock. Evercore ISI started coverage on shares of Vistra in a report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 target price on the stock. UBS Group raised their target price on shares of Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Finally, Morgan Stanley raised their target price on shares of Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Vistra has a consensus rating of “Moderate Buy” and an average target price of $171.64.

Insider Activity at Vistra

In other Vistra news, Director Scott B. Helm sold 20,000 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $139.77, for a total transaction of $2,795,400.00. Following the completion of the transaction, the director now owns 343,350 shares of the company’s stock, valued at approximately $47,990,029.50. This trade represents a 5.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.42% of the stock is currently owned by company insiders.

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.