Charles Schwab Investment Management Inc. Cuts Position in Vistra Corp. (NYSE:VST)

Charles Schwab Investment Management Inc. trimmed its holdings in shares of Vistra Corp. (NYSE:VST) by 1.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,107,361 shares of the company’s stock after selling 33,664 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Vistra were worth $290,542,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its position in Vistra by 28.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,120 shares of the company’s stock worth $251,000 after purchasing an additional 471 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of Vistra by 9.5% during the third quarter. Janney Montgomery Scott LLC now owns 159,668 shares of the company’s stock worth $18,927,000 after purchasing an additional 13,897 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of Vistra by 3.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 74,354 shares of the company’s stock worth $8,814,000 after buying an additional 2,738 shares during the period. National Pension Service boosted its position in shares of Vistra by 64.4% in the third quarter. National Pension Service now owns 688,370 shares of the company’s stock worth $81,599,000 after buying an additional 269,666 shares during the period. Finally, Asset Management One Co. Ltd. grew its stake in shares of Vistra by 0.4% in the third quarter. Asset Management One Co. Ltd. now owns 130,149 shares of the company’s stock valued at $15,428,000 after buying an additional 508 shares in the last quarter. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Vistra Stock Up 0.0 %

Shares of Vistra stock opened at $126.99 on Thursday. The business has a 50-day moving average price of $159.46 and a 200 day moving average price of $135.46. Vistra Corp. has a fifty-two week low of $57.50 and a fifty-two week high of $199.84. The firm has a market cap of $43.20 billion, a P/E ratio of 23.69, a P/E/G ratio of 1.12 and a beta of 1.21. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68.

Vistra declared that its board has approved a stock buyback plan on Thursday, November 7th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to repurchase up to 2.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

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 0.70%. This is an increase from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, March 20th. Vistra’s payout ratio is 12.62%.

Insider Activity at Vistra

In other Vistra news, Director Scott B. Helm sold 20,000 shares of the business’s stock in a transaction 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 sale, the director now owns 343,350 shares in the company, valued at $47,990,029.50. The trade was a 5.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on VST shares. UBS Group upped their price target on Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. BMO Capital Markets upped their target price 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. Morgan Stanley lifted their price target on shares of Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Evercore ISI started coverage on shares of Vistra in a report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price objective on the stock. Finally, Daiwa Capital Markets initiated coverage on Vistra in a research note on Wednesday. They set a “neutral” rating and a $120.00 target price for the company. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Vistra presently has a consensus rating of “Moderate Buy” and a consensus price target of $162.83.

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.