TCW Group Inc. Buys 30,708 Shares of Vistra Corp. (NYSE:VST)

TCW Group Inc. raised its stake in Vistra Corp. (NYSE:VST) by 43.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 101,749 shares of the company’s stock after buying an additional 30,708 shares during the quarter. TCW Group Inc.’s holdings in Vistra were worth $14,028,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Avior Wealth Management LLC boosted its position in shares of Vistra by 56.5% during the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock worth $25,000 after acquiring an additional 65 shares in the last quarter. Pathway Financial Advisers LLC lifted its stake in Vistra by 616.0% during the fourth quarter. Pathway Financial Advisers LLC now owns 179 shares of the company’s stock worth $25,000 after purchasing an additional 154 shares during the last quarter. Founders Capital Management acquired a new stake in shares of Vistra in the 4th quarter valued at $28,000. West Branch Capital LLC bought a new position in shares of Vistra in the 4th quarter valued at $28,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new position in shares of Vistra during the 4th quarter worth $28,000. 90.88% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

VST has been the topic of several research analyst reports. Morgan Stanley raised their price objective on Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Bank of America assumed coverage on shares of Vistra in a research note on Monday, January 27th. They issued a “neutral” rating and a $206.00 price target on the stock. BMO Capital Markets upped their price objective on shares of Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Evercore ISI assumed coverage on shares of Vistra in a research report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 target price on the stock. Finally, UBS Group upped their price target on shares of Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Vistra currently has a consensus rating of “Moderate Buy” and an average price target of $171.64.

Vistra Price Performance

Shares of NYSE:VST opened at $150.51 on Monday. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. Vistra Corp. has a 52 week low of $46.18 and a 52 week high of $199.84. The firm has a market cap of $51.21 billion, a PE ratio of 28.08, a price-to-earnings-growth ratio of 1.12 and a beta of 1.22. The firm’s fifty day moving average is $160.19 and its 200-day moving average is $132.74.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 20th will be issued a dividend of $0.2235 per share. This is an increase from Vistra’s previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a yield of 0.59%. Vistra’s payout ratio is presently 16.60%.

Vistra declared that its Board of Directors has authorized a share repurchase program on Thursday, November 7th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to buy up to 2.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Vistra

In other Vistra 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 transaction of $2,795,400.00. Following the completion of the transaction, the director now owns 343,350 shares in the company, valued at approximately $47,990,029.50. This trade represents a 5.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate 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.