3Chopt Investment Partners LLC Sells 450 Shares of Vistra Corp. (NYSE:VST)

3Chopt Investment Partners LLC trimmed its position in Vistra Corp. (NYSE:VST) by 0.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,209 shares of the company’s stock after selling 450 shares during the quarter. Vistra comprises approximately 2.2% of 3Chopt Investment Partners LLC’s holdings, making the stock its 8th largest position. 3Chopt Investment Partners LLC’s holdings in Vistra were worth $6,070,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of VST. Redwood Wealth Management Group LLC acquired a new stake in Vistra in the 2nd quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Vistra in the third quarter valued at approximately $30,000. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Vistra in the third quarter valued at approximately $30,000. CVA Family Office LLC grew its stake in shares of Vistra by 1,505.9% in the third quarter. CVA Family Office LLC now owns 273 shares of the company’s stock worth $32,000 after acquiring an additional 256 shares during the last quarter. Finally, EdgeRock Capital LLC bought a new position in Vistra during the second quarter worth $34,000. 90.88% of the stock is owned by institutional investors.

Vistra Trading Down 7.3 %

VST stock opened at $148.38 on Tuesday. Vistra Corp. has a 1-year low of $36.47 and a 1-year high of $168.67. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. The business’s 50 day moving average is $138.42 and its 200-day moving average is $105.01. The firm has a market cap of $50.48 billion, a P/E ratio of 27.68, a P/E/G ratio of 2.05 and a beta of 1.16.

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

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be given a $0.221 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.60%. This is a boost from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, December 20th. Vistra’s dividend payout ratio is 16.42%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on VST. BMO Capital Markets raised their price target on shares of Vistra from $146.00 to $147.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. Jefferies Financial Group lifted their target price on Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Morgan Stanley boosted 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. Guggenheim raised their price objective on Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. assumed coverage on Vistra in a research report on Thursday, October 17th. They set an “overweight” rating and a $178.00 price objective on the stock. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $149.10.

Insiders Place Their Bets

In other Vistra news, EVP Stephen J. Muscato sold 207,100 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $161.34, for a total transaction of $33,413,514.00. Following 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Scott A. Hudson sold 115,000 shares of Vistra stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 254,932 shares of the company’s stock, valued at $41,849,637.12. This trade represents a 31.09 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.42% of the company’s stock.

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.