Reaves W H & Co. Inc. Has $226.18 Million Position in Vistra Corp. (NYSE:VST)

Reaves W H & Co. Inc. lifted its position in Vistra Corp. (NYSE:VST) by 5.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,640,542 shares of the company’s stock after acquiring an additional 85,904 shares during the quarter. Vistra makes up approximately 6.0% of Reaves W H & Co. Inc.’s portfolio, making the stock its 2nd largest position. Reaves W H & Co. Inc. owned about 0.48% of Vistra worth $226,181,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in VST. Lionsbridge Wealth Management LLC bought a new position in Vistra during the fourth quarter valued at about $277,000. Dakota Wealth Management bought a new position in Vistra during the fourth quarter valued at about $231,000. Retirement Systems of Alabama grew its position in Vistra by 9.6% during the third quarter. Retirement Systems of Alabama now owns 78,965 shares of the company’s stock valued at $9,361,000 after buying an additional 6,920 shares during the period. First Sabrepoint Capital Management LP bought a new position in Vistra during the third quarter valued at about $17,781,000. Finally, Legal Advantage Investments Inc. bought a new position in Vistra during the fourth quarter valued at about $565,000. Institutional investors own 90.88% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. UBS Group increased their price target on shares of Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Morgan Stanley increased their price target on shares of Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Bank of America assumed coverage on shares of Vistra in a research report on Monday, January 27th. They set a “neutral” rating and a $206.00 price target for the company. Evercore ISI assumed coverage on shares of Vistra in a report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price objective on the stock. Finally, BMO Capital Markets upped their price objective on shares of Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a report 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’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $171.64.

Vistra Trading Down 7.4 %

Shares of Vistra stock opened at $123.79 on Tuesday. Vistra Corp. has a 12-month low of $55.28 and a 12-month high of $199.84. The company has a market cap of $42.12 billion, a price-to-earnings ratio of 23.10, a PEG ratio of 1.12 and a beta of 1.22. 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 company’s 50-day moving average price is $160.13 and its 200-day moving average price is $134.83.

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 issued a $0.2235 dividend. This represents a $0.89 dividend on an annualized basis and a dividend yield of 0.72%. This is an increase from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date is Thursday, March 20th. Vistra’s dividend payout ratio is presently 16.60%.

Vistra announced that its Board of Directors has authorized a share repurchase plan on Thursday, November 7th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 2.1% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Insider Transactions at Vistra

In other news, Director Scott B. Helm sold 20,000 shares of the stock in a transaction dated 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 sale, the director now directly owns 343,350 shares of the company’s stock, valued at approximately $47,990,029.50. This represents a 5.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.42% of the company’s stock.

Vistra 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.