Mitchell Capital Management Co. Sells 2,559 Shares of Vistra Corp. (NYSE:VST)

Mitchell Capital Management Co. trimmed its holdings in shares of Vistra Corp. (NYSE:VST) by 5.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 47,784 shares of the company’s stock after selling 2,559 shares during the quarter. Vistra comprises about 1.2% of Mitchell Capital Management Co.’s investment portfolio, making the stock its 24th largest holding. Mitchell Capital Management Co.’s holdings in Vistra were worth $6,588,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of VST. Metis Global Partners LLC increased its holdings in Vistra by 6.5% in the 4th quarter. Metis Global Partners LLC now owns 25,730 shares of the company’s stock valued at $3,547,000 after buying an additional 1,561 shares during the period. West Michigan Advisors LLC bought a new position in Vistra in the 4th quarter valued at about $267,000. US Bancorp DE increased its holdings in Vistra by 34.5% in the 4th quarter. US Bancorp DE now owns 21,786 shares of the company’s stock valued at $3,004,000 after buying an additional 5,593 shares during the period. Dynasty Wealth Management LLC increased its holdings in Vistra by 11.2% in the 4th quarter. Dynasty Wealth Management LLC now owns 2,161 shares of the company’s stock valued at $298,000 after buying an additional 218 shares during the period. Finally, Private Trust Co. NA increased its holdings in Vistra by 168.8% in the 4th quarter. Private Trust Co. NA now owns 1,742 shares of the company’s stock valued at $240,000 after buying an additional 1,094 shares during the period. 90.88% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on VST shares. 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. Bank of America started coverage on shares of Vistra in a report on Monday, January 27th. They issued a “neutral” rating and a $206.00 target price on the stock. UBS Group raised their target price on shares of Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Morgan Stanley raised their price target on shares of Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Finally, BMO Capital Markets raised their price target on shares of Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $171.64.

Insider Transactions at Vistra

In other news, Director Scott B. Helm sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $139.77, for a total value of $2,795,400.00. Following the transaction, the director now owns 343,350 shares in the company, valued at approximately $47,990,029.50. The trade was a 5.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.42% of the company’s stock.

Vistra Stock Up 3.0 %

NYSE:VST opened at $133.85 on Friday. The firm’s 50 day simple moving average is $160.13 and its 200 day simple moving average is $134.44. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. Vistra Corp. has a one year low of $53.02 and a one year high of $199.84. The company has a market cap of $45.54 billion, a PE ratio of 24.97, a P/E/G ratio of 1.12 and a beta of 1.22.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 20th will be given a $0.2235 dividend. The ex-dividend date is Thursday, March 20th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 0.67%. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is 16.60%.

Vistra declared that its Board of Directors has initiated a share buyback program on Thursday, November 7th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 2.1% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

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.