First American Bank Increases Stock Position in Vistra Corp. (NYSE:VST)

First American Bank grew its position in shares of Vistra Corp. (NYSE:VST) by 25.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,845 shares of the company’s stock after purchasing an additional 3,777 shares during the period. First American Bank’s holdings in Vistra were worth $2,598,000 at the end of the most recent quarter.

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

Vistra Stock Performance

Shares of VST opened at $129.87 on Friday. Vistra Corp. has a 1 year low of $49.74 and a 1 year high of $199.84. The stock has a market capitalization of $44.18 billion, a PE ratio of 24.23, a PEG ratio of 1.12 and a beta of 1.22. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. The stock has a 50-day simple moving average of $160.25 and a 200-day simple moving average of $133.67.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 20th will be paid a $0.2235 dividend. The ex-dividend date is Thursday, March 20th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. This represents a $0.89 dividend on an annualized basis and a yield of 0.69%. Vistra’s payout ratio is currently 16.42%.

Vistra declared that its Board of Directors has initiated a share repurchase program on Thursday, November 7th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to repurchase up to 2.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on VST shares. UBS Group raised their price target on Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a report on Friday, January 3rd. BMO Capital Markets boosted their price objective on shares of Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a research report on Wednesday, January 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. Bank of America assumed coverage on Vistra in a research note on Monday, January 27th. They issued a “neutral” rating and a $206.00 price objective on the stock. Finally, Evercore ISI initiated 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. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Vistra currently has a consensus rating of “Moderate Buy” and an average target price of $171.64.

Insider Buying and Selling at Vistra

In related 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 transaction 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 $47,990,029.50. This represents a 5.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.42% of the stock is owned by company insiders.

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.