Wilmington Savings Fund Society FSB Invests $263,000 in Vistra Corp. (NYSE:VST)

Wilmington Savings Fund Society FSB purchased a new position in Vistra Corp. (NYSE:VST) during the third quarter, HoldingsChannel.com reports. The fund purchased 2,220 shares of the company’s stock, valued at approximately $263,000.

Other hedge funds have also recently made changes to their positions in the company. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Vistra in the 3rd quarter worth approximately $30,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Vistra in the 3rd quarter valued at approximately $30,000. CVA Family Office LLC lifted its position in 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 in the last quarter. RPg Family Wealth Advisory LLC bought a new position in Vistra in the 3rd quarter valued at approximately $36,000. Finally, Redwood Wealth Management Group LLC bought a new position in Vistra in the 2nd quarter valued at approximately $26,000. 90.88% of the stock is owned by institutional investors.

Insider Transactions at Vistra

In other news, EVP Scott A. Hudson sold 115,000 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president now directly owns 254,932 shares in the company, valued at $41,849,637.12. This represents a 31.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Stephen J. Muscato sold 207,100 shares of the stock in a transaction on Friday, November 22nd. The stock was 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 of the company’s stock, valued at $51,352,424.58. The trade was a 39.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 342,100 shares of company stock worth $55,087,314 in the last three months. Corporate insiders own 1.42% of the company’s stock.

Vistra Trading Down 3.8 %

NYSE:VST opened at $139.80 on Wednesday. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. The firm has a market capitalization of $47.56 billion, a price-to-earnings ratio of 26.08, a price-to-earnings-growth ratio of 1.86 and a beta of 1.16. Vistra Corp. has a one year low of $37.38 and a one year high of $168.67. The business has a fifty day moving average price of $139.88 and a 200-day moving average price of $106.44.

Vistra announced that its Board of Directors has initiated a share buyback program 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 programs are often a sign that the company’s board believes its stock is undervalued.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be paid a $0.221 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.63%. This is a positive change from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date is Friday, December 20th. Vistra’s dividend payout ratio is 16.42%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on VST shares. UBS Group lowered their price objective on Vistra from $157.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, October 22nd. Morgan Stanley upped their price objective on Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. BNP Paribas assumed coverage on Vistra in a research report on Monday, October 14th. They issued an “outperform” rating and a $231.00 price objective on the stock. BMO Capital Markets increased their price target on Vistra from $146.00 to $147.00 and gave the company an “outperform” rating in a report on Tuesday, October 29th. Finally, Royal Bank of Canada increased their price target on Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Vistra presently has a consensus rating of “Buy” and a consensus price target of $149.10.

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.