RPg Family Wealth Advisory LLC Buys Shares of 300 Vistra Corp. (NYSE:VST)

RPg Family Wealth Advisory LLC acquired a new stake in Vistra Corp. (NYSE:VST) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 300 shares of the company’s stock, valued at approximately $36,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Redwood Wealth Management Group LLC bought a new position in shares of Vistra in the 2nd quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Vistra during the third quarter worth about $30,000. New Covenant Trust Company N.A. bought a new stake in shares of Vistra in the 1st quarter valued at about $32,000. CVA Family Office LLC raised its position in shares of Vistra by 1,505.9% in the 3rd quarter. CVA Family Office LLC now owns 273 shares of the company’s stock valued at $32,000 after acquiring an additional 256 shares during the period. Finally, EdgeRock Capital LLC bought a new position in Vistra during the 2nd quarter worth approximately $34,000. Institutional investors own 90.88% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Scott A. Hudson sold 115,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were 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 directly owns 254,932 shares in the company, valued at approximately $41,849,637.12. This trade represents a 31.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Stephen J. Muscato sold 207,100 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were 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 owns 318,287 shares in the company, valued at $51,352,424.58. This represents a 39.42 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.42% of the company’s stock.

Vistra Price Performance

NYSE VST opened at $154.54 on Thursday. The firm’s 50 day moving average is $129.97 and its 200-day moving average is $101.03. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. The company has a market capitalization of $52.58 billion, a PE ratio of 28.83, a price-to-earnings-growth ratio of 1.98 and a beta of 1.09. Vistra Corp. has a 12-month low of $34.88 and a 12-month high of $168.67.

Vistra declared that its Board of Directors has approved 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 purchase up to 2.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are 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 paid a $0.221 dividend. This is a positive change from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Friday, December 20th. Vistra’s payout ratio is presently 16.42%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on VST shares. Royal Bank of Canada upped their target price on shares of Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. BMO Capital Markets upped their price objective on shares of Vistra from $146.00 to $147.00 and gave the company an “outperform” rating in a research report on Tuesday, October 29th. BNP Paribas assumed coverage on Vistra in a report on Monday, October 14th. They set an “outperform” rating and a $231.00 target price on the stock. JPMorgan Chase & Co. started coverage on Vistra in a report on Thursday, October 17th. They issued an “overweight” rating and a $178.00 price target for the company. Finally, UBS Group cut their price objective on Vistra from $157.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, October 22nd. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $149.10.

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.