TrueWealth Advisors LLC Takes $487,000 Position in Vistra Corp. (NYSE:VST)

TrueWealth Advisors LLC bought a new position in shares of Vistra Corp. (NYSE:VST) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,535 shares of the company’s stock, valued at approximately $487,000.

A number of other hedge funds have also added to or reduced their stakes in VST. Forum Financial Management LP raised its holdings in shares of Vistra by 0.7% during the third quarter. Forum Financial Management LP now owns 11,527 shares of the company’s stock valued at $1,366,000 after purchasing an additional 80 shares during the period. Umpqua Bank lifted its holdings in shares of Vistra by 2.2% in the 3rd quarter. Umpqua Bank now owns 3,780 shares of the company’s stock worth $448,000 after purchasing an additional 81 shares in the last quarter. OneDigital Investment Advisors LLC grew its position in Vistra by 3.0% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,809 shares of the company’s stock valued at $333,000 after purchasing an additional 81 shares during the period. Douglass Winthrop Advisors LLC increased its stake in Vistra by 0.9% during the 3rd quarter. Douglass Winthrop Advisors LLC now owns 11,335 shares of the company’s stock valued at $1,344,000 after purchasing an additional 100 shares in the last quarter. Finally, Fiduciary Financial Group LLC lifted its stake in shares of Vistra by 4.1% in the fourth quarter. Fiduciary Financial Group LLC now owns 2,651 shares of the company’s stock valued at $365,000 after buying an additional 105 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on VST shares. BNP Paribas initiated coverage on shares of Vistra in a report on Monday, October 14th. They issued an “outperform” rating and a $231.00 target price on the stock. Morgan Stanley lifted their price objective on shares of Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. BMO Capital Markets increased their target price on shares of Vistra from $146.00 to $147.00 and gave the company an “outperform” rating in a report on Tuesday, October 29th. Guggenheim upped their price objective on shares of Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Finally, UBS Group upped 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. Ten analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $151.50.

Vistra Trading Down 1.7 %

NYSE:VST opened at $171.10 on Friday. Vistra Corp. has a 12 month low of $39.08 and a 12 month high of $178.40. 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 firm’s 50 day moving average is $151.89 and its 200 day moving average is $116.79. The stock has a market capitalization of $58.21 billion, a PE ratio of 31.92, a price-to-earnings-growth ratio of 1.56 and a beta of 1.21.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th were paid a $0.221 dividend. The ex-dividend date was Friday, December 20th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a dividend yield of 0.52%. Vistra’s payout ratio is presently 16.60%.

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

Insider Activity

In related news, Director Scott B. Helm sold 20,000 shares of the firm’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 completion of the transaction, the director now directly owns 343,350 shares of the company’s stock, valued at approximately $47,990,029.50. This trade represents a 5.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Stephen J. Muscato sold 207,100 shares of the business’s stock in a transaction on 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 in the company, 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 have sold 342,100 shares of company stock valued at $55,087,314 in the last 90 days. Insiders own 1.42% of the company’s stock.

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.