Jackson Square Capital LLC Acquires Shares of 9,966 Vistra Corp. (NYSE:VST)

Jackson Square Capital LLC bought a new position in shares of Vistra Corp. (NYSE:VST) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 9,966 shares of the company’s stock, valued at approximately $1,374,000.

Other large investors have also made changes to their positions in the company. Founders Capital Management bought a new stake in Vistra during the 4th quarter worth about $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Vistra during the 3rd quarter worth approximately $30,000. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Vistra during the third quarter worth approximately $30,000. CVA Family Office LLC lifted its holdings in Vistra by 1,505.9% in the third quarter. CVA Family Office LLC now owns 273 shares of the company’s stock valued at $32,000 after buying an additional 256 shares during the period. Finally, RPg Family Wealth Advisory LLC bought a new position in Vistra in the third quarter valued at approximately $36,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on VST shares. UBS Group upped their target price on shares of Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. BMO Capital Markets increased their target price on Vistra from $146.00 to $147.00 and gave the company an “outperform” rating in a research note on Tuesday, October 29th. Guggenheim boosted 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 target on shares of Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Finally, BNP Paribas initiated coverage on shares of Vistra in a report on Monday, October 14th. They set an “outperform” rating and a $231.00 price objective for the company. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat, Vistra currently has a consensus rating of “Buy” and a consensus price target of $151.50.

Insider Activity at Vistra

In other 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 transaction 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 Securities & Exchange Commission, which is available at this link. Also, EVP Stephen J. Muscato sold 207,100 shares of the company’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 completion of the sale, the executive vice president now owns 318,287 shares in the company, valued at $51,352,424.58. This represents a 39.42 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 342,100 shares of company stock valued at $55,087,314. Insiders own 1.42% of the company’s stock.

Vistra Stock Performance

Shares of VST stock opened at $171.10 on Friday. The firm has a market cap of $58.21 billion, a PE ratio of 31.92, a P/E/G ratio of 1.56 and a beta of 1.21. Vistra Corp. has a 12 month low of $39.08 and a 12 month high of $178.40. The company’s fifty day simple moving average is $151.89 and its 200-day simple moving average is $116.99. 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 Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 20th were given a $0.221 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.52%. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is currently 16.60%.

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

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.