IFP Advisors Inc Grows Holdings in Vistra Corp. (NYSE:VST)

IFP Advisors Inc raised its position in Vistra Corp. (NYSE:VST) by 14.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,525 shares of the company’s stock after buying an additional 564 shares during the period. IFP Advisors Inc’s holdings in Vistra were worth $624,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VST. Avior Wealth Management LLC increased 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 worth $25,000 after purchasing an additional 65 shares in the last quarter. Pathway Financial Advisers LLC increased its stake in shares of 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 in the last quarter. Founders Capital Management purchased a new stake in shares of Vistra during the fourth quarter worth about $28,000. West Branch Capital LLC purchased a new stake in shares of Vistra during the fourth quarter worth about $28,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new stake in shares of Vistra during the fourth quarter worth about $28,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Vistra Stock Performance

NYSE:VST opened at $133.85 on Friday. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. The firm has a market capitalization of $45.54 billion, a price-to-earnings ratio of 24.97, a PEG ratio of 1.12 and a beta of 1.22. The company’s 50-day moving average is $160.25 and its two-hundred day moving average is $133.67. Vistra Corp. has a 1-year low of $53.02 and a 1-year high of $199.84.

Vistra declared that its Board of Directors has approved a stock repurchase program 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 stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Vistra Increases Dividend

The company 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 $0.2235 dividend. This represents a $0.89 annualized dividend and a yield of 0.67%. This is a positive change 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 presently 16.60%.

Insider Buying and Selling at Vistra

In other Vistra news, Director Scott B. Helm sold 20,000 shares of the business’s 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 transaction, the director now directly owns 343,350 shares in the company, valued at $47,990,029.50. The trade was a 5.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.42% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Morgan Stanley boosted their target price 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. UBS Group boosted their target price on shares of Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Evercore ISI initiated coverage on shares of Vistra in a research note on Tuesday, January 21st. They set an “outperform” rating and a $202.00 target price for the company. Bank of America initiated coverage on shares of Vistra in a research report on Monday, January 27th. They set a “neutral” rating and a $206.00 price target on the stock. Finally, BMO Capital Markets boosted their price target 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. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, Vistra has an average rating of “Moderate Buy” and a consensus target price of $171.64.

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.