Chung Wu Investment Group LLC Acquires New Holdings in Vistra Corp. (NYSE:VST)

Chung Wu Investment Group LLC bought a new position in Vistra Corp. (NYSE:VST) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 4,450 shares of the company’s stock, valued at approximately $614,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pathway Financial Advisers LLC raised its stake in Vistra by 616.0% during 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 period. Avior Wealth Management LLC increased its holdings in shares of Vistra by 56.5% in the fourth quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock worth $25,000 after acquiring an additional 65 shares in the last quarter. Founders Capital Management acquired a new stake in shares of Vistra during the fourth quarter worth about $28,000. West Branch Capital LLC bought a new stake in Vistra during the 4th quarter worth approximately $28,000. Finally, Comprehensive Financial Planning Inc. PA bought a new stake in Vistra during the 4th quarter worth approximately $28,000. 90.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Evercore ISI started coverage on shares of Vistra in a research note on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price target on the stock. UBS Group increased their target price on Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Daiwa Capital Markets assumed coverage on Vistra in a report on Wednesday. They issued a “neutral” rating and a $120.00 price target on the stock. Bank of America raised Vistra from a “neutral” rating to a “buy” rating and dropped their target price for the company from $164.00 to $152.00 in a research report on Tuesday. Finally, BMO Capital Markets upped their price target on Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Vistra presently has a consensus rating of “Moderate Buy” and a consensus target price of $162.83.

Vistra Trading Up 0.0 %

Vistra stock opened at $126.99 on Thursday. 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 $159.46 and a 200 day simple moving average of $135.46. The stock has a market capitalization of $43.20 billion, a P/E ratio of 23.69, a PEG ratio of 1.12 and a beta of 1.21. Vistra Corp. has a 52 week low of $57.50 and a 52 week high of $199.84.

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 given a dividend of $0.2235 per share. This represents a $0.89 dividend on an annualized basis and a yield of 0.70%. This is a boost from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date is Thursday, March 20th. Vistra’s payout ratio is 12.62%.

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

Insider Activity

In related news, Director Scott B. Helm sold 20,000 shares of the company’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 owns 343,350 shares in the company, valued at approximately $47,990,029.50. This represents a 5.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.42% of the company’s stock.

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.