Fiduciary Financial Group LLC Increases Holdings in Vistra Corp. (NYSE:VST)

Fiduciary Financial Group LLC grew its holdings in shares of Vistra Corp. (NYSE:VST) by 4.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,651 shares of the company’s stock after buying an additional 105 shares during the period. Fiduciary Financial Group LLC’s holdings in Vistra were worth $365,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. 180 Wealth Advisors LLC purchased a new stake in Vistra during the 4th quarter worth about $600,000. Global Financial Private Client LLC lifted its holdings in Vistra by 35.8% during the 4th quarter. Global Financial Private Client LLC now owns 1,332 shares of the company’s stock worth $184,000 after buying an additional 351 shares during the last quarter. Wright Investors Service Inc. purchased a new stake in Vistra during the 4th quarter worth about $283,000. Gunderson Capital Management Inc. lifted its holdings in Vistra by 7.5% during the 4th quarter. Gunderson Capital Management Inc. now owns 43,427 shares of the company’s stock worth $5,987,000 after buying an additional 3,026 shares during the last quarter. Finally, AdvisorNet Financial Inc lifted its holdings in Vistra by 315.1% during the 4th quarter. AdvisorNet Financial Inc now owns 631 shares of the company’s stock worth $87,000 after buying an additional 479 shares during the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on VST shares. BMO Capital Markets boosted their target price on Vistra from $146.00 to $147.00 and gave the company an “outperform” rating in a report on Tuesday, October 29th. Morgan Stanley boosted their target price on Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Royal Bank of Canada boosted their target price on Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. UBS Group boosted their target price on Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Finally, Guggenheim boosted their target price on Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Vistra presently has a consensus rating of “Buy” and an average price target of $151.50.

Vistra Stock Up 5.0 %

VST opened at $170.21 on Wednesday. The business has a 50 day moving average price of $148.72 and a two-hundred day moving average price of $114.84. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. The company has a market cap of $57.91 billion, a PE ratio of 31.76, a P/E/G ratio of 1.86 and a beta of 1.21. Vistra Corp. has a 52 week low of $38.95 and a 52 week high of $175.00.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th were given a dividend of $0.221 per share. This is a boost from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.88 annualized dividend and a yield of 0.52%. Vistra’s payout ratio is presently 16.42%.

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

Insiders Place Their Bets

In other Vistra news, EVP Stephen J. Muscato sold 207,100 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $161.34, for a total transaction of $33,413,514.00. Following the transaction, the executive vice president now owns 318,287 shares in the company, valued at approximately $51,352,424.58. The trade was a 39.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Scott A. Hudson sold 115,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 254,932 shares in the company, valued at $41,849,637.12. The trade was a 31.09 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 342,100 shares of company stock worth $55,087,314. Company 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.