Fidelis Capital Partners LLC Buys 244 Shares of Vistra Corp. (NYSE:VST)

Fidelis Capital Partners LLC increased its stake in shares of Vistra Corp. (NYSE:VST) by 10.6% in the 4th quarter, Holdings Channel reports. The firm owned 2,540 shares of the company’s stock after buying an additional 244 shares during the period. Fidelis Capital Partners LLC’s holdings in Vistra were worth $350,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Avior Wealth Management LLC lifted its holdings in shares of Vistra by 56.5% during the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock valued at $25,000 after buying an additional 65 shares during the period. Pathway Financial Advisers LLC increased its position in Vistra by 616.0% during the fourth quarter. Pathway Financial Advisers LLC now owns 179 shares of the company’s stock valued at $25,000 after acquiring an additional 154 shares during the last quarter. Founders Capital Management bought a new position in Vistra in the fourth quarter valued at about $28,000. West Branch Capital LLC purchased a new position in Vistra in the fourth quarter worth about $28,000. Finally, Comprehensive Financial Planning Inc. PA bought a new stake in shares of Vistra during the 4th quarter valued at about $28,000. Institutional investors own 90.88% of the company’s stock.

Insider Activity

In related news, Director Scott B. Helm sold 20,000 shares of the firm’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 transaction, the director now directly owns 343,350 shares of the company’s stock, valued at approximately $47,990,029.50. This trade represents a 5.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.42% of the company’s stock.

Vistra Stock Performance

NYSE VST opened at $126.89 on Wednesday. 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 Corp. has a twelve month low of $56.92 and a twelve month high of $199.84. The business has a 50-day moving average price of $159.79 and a 200-day moving average price of $135.12. The firm has a market cap of $43.17 billion, a price-to-earnings ratio of 23.67, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21.

Vistra declared that its Board of Directors has authorized a share buyback plan on Thursday, November 7th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to reacquire up to 2.1% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Vistra Increases Dividend

The business also recently disclosed 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 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 0.70%. The ex-dividend date is Thursday, March 20th. Vistra’s dividend payout ratio (DPR) is 12.62%.

Analyst Upgrades and Downgrades

VST has been the topic of several recent research reports. BMO Capital Markets increased their price objective on shares of Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. UBS Group increased their price target on shares of Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Evercore ISI started coverage on shares of Vistra in a research report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price objective for the company. Morgan Stanley raised their target price on Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Finally, Bank of America upgraded Vistra from a “neutral” rating to a “buy” rating and lowered their target price for the company from $164.00 to $152.00 in a research report on Tuesday. Eleven analysts have rated the stock with a buy rating, According to MarketBeat.com, Vistra currently has a consensus rating of “Buy” and a consensus price target of $166.73.

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.