Vistra Corp. (NYSE:VST) Shares Sold by Brooklyn Investment Group

Brooklyn Investment Group lessened its holdings in Vistra Corp. (NYSE:VST) by 63.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 297 shares of the company’s stock after selling 508 shares during the quarter. Brooklyn Investment Group’s holdings in Vistra were worth $41,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of VST. Decker Retirement Planning Inc. acquired a new position in shares of Vistra in the 4th quarter valued at about $3,296,000. Retireful LLC acquired a new position in Vistra in the fourth quarter valued at approximately $2,212,000. Steph & Co. grew its holdings in shares of Vistra by 8.5% during the fourth quarter. Steph & Co. now owns 1,727 shares of the company’s stock valued at $238,000 after purchasing an additional 135 shares during the last quarter. USA Financial Formulas acquired a new stake in shares of Vistra during the 4th quarter worth approximately $756,000. Finally, CHURCHILL MANAGEMENT Corp bought a new stake in shares of Vistra in the 4th quarter worth approximately $10,867,000. 90.88% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VST has been the topic of several analyst reports. Guggenheim increased their target price on Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Royal Bank of Canada increased their price objective on shares of Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. BNP Paribas assumed coverage on shares of Vistra in a research note on Monday, October 14th. They set an “outperform” rating and a $231.00 target price for the company. JPMorgan Chase & Co. started coverage on shares of Vistra in a research note on Thursday, October 17th. They issued an “overweight” rating and a $178.00 price target on the stock. Finally, BMO Capital Markets boosted their price objective on Vistra from $146.00 to $147.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $151.50.

Vistra Price Performance

Shares of NYSE:VST opened at $171.10 on Monday. The stock has a market cap of $58.21 billion, a price-to-earnings ratio of 31.92, a PEG ratio of 1.56 and a beta of 1.21. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. Vistra Corp. has a 12 month low of $39.08 and a 12 month high of $178.40. The stock’s 50 day moving average price is $151.89 and its 200 day moving average price is $117.17.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th were issued a $0.221 dividend. This is a positive change from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, December 20th. This represents a $0.88 annualized dividend and a dividend yield of 0.52%. Vistra’s dividend payout ratio is 16.60%.

Vistra declared that its Board of Directors has approved a stock repurchase program on Thursday, November 7th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to purchase up to 2.1% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity at Vistra

In other news, EVP Scott A. Hudson sold 115,000 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $164.16, for a total transaction of $18,878,400.00. Following the sale, the executive vice president now directly owns 254,932 shares of the company’s stock, valued at $41,849,637.12. The trade was a 31.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Scott B. Helm sold 20,000 shares of the company’s stock in a transaction on 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 sale, the director now directly owns 343,350 shares of the company’s stock, valued at approximately $47,990,029.50. This represents a 5.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 342,100 shares of company stock valued at $55,087,314 over the last 90 days. 1.42% of the stock is currently owned by corporate 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.