Founders Capital Management Invests $28,000 in Vistra Corp. (NYSE:VST)

Founders Capital Management acquired a new position in Vistra Corp. (NYSE:VST) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 200 shares of the company’s stock, valued at approximately $28,000.

Several other institutional investors also recently bought and sold shares of the company. Mark Sheptoff Financial Planning LLC purchased a new position in shares of Vistra during the third quarter valued at $30,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Vistra in the 3rd quarter valued at about $30,000. CVA Family Office LLC lifted its position in shares of Vistra by 1,505.9% in the 3rd quarter. CVA Family Office LLC now owns 273 shares of the company’s stock worth $32,000 after purchasing an additional 256 shares during the period. RPg Family Wealth Advisory LLC bought a new position in shares of Vistra during the third quarter valued at approximately $36,000. Finally, Redwood Wealth Management Group LLC purchased a new position in Vistra during the second quarter valued at approximately $26,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Vistra Price Performance

VST stock traded down $6.00 during mid-day trading on Monday, reaching $160.73. The company’s stock had a trading volume of 3,198,602 shares, compared to its average volume of 6,803,196. The company’s 50 day moving average is $147.78 and its two-hundred day moving average is $114.31. The stock has a market cap of $54.68 billion, a PE ratio of 29.99, a P/E/G ratio of 1.86 and a beta of 1.21. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. Vistra Corp. has a fifty-two week low of $38.95 and a fifty-two week high of $169.19.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th were issued a $0.221 dividend. This represents a $0.88 annualized dividend and a yield of 0.55%. This is a positive change from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, December 20th. Vistra’s payout ratio is presently 16.42%.

Vistra declared that its board has initiated a share buyback plan on Thursday, November 7th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 2.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

Several brokerages have issued reports on VST. UBS Group increased their target price on Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Guggenheim raised their price target on shares of Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Jefferies Financial Group boosted their price objective on shares of Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. JPMorgan Chase & Co. assumed coverage on Vistra in a research report on Thursday, October 17th. They set an “overweight” rating and a $178.00 price target for the company. Finally, BNP Paribas initiated coverage on Vistra in a research report on Monday, October 14th. They issued an “outperform” rating and a $231.00 target price on the stock. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $151.50.

Insider Activity

In other news, EVP Stephen J. Muscato sold 207,100 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $161.34, for a total value of $33,413,514.00. Following the sale, the executive vice president now directly owns 318,287 shares of the company’s stock, valued at approximately $51,352,424.58. The trade was a 39.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Scott A. Hudson sold 115,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $164.16, for a total value of $18,878,400.00. Following the completion of the sale, the executive vice president now directly owns 254,932 shares in the company, valued at approximately $41,849,637.12. The trade was a 31.09 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 342,100 shares of company stock valued at $55,087,314. 1.42% of the stock is currently 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.