WESPAC Advisors LLC Buys Shares of 5,414 Vistra Corp. (NYSE:VST)

WESPAC Advisors LLC bought a new stake in shares of Vistra Corp. (NYSE:VST) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,414 shares of the company’s stock, valued at approximately $746,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Lionsbridge Wealth Management LLC purchased a new stake in shares of Vistra during the 4th quarter valued at about $277,000. Dakota Wealth Management purchased a new stake in shares of Vistra during the 4th quarter valued at about $231,000. Empire Life Investments Inc. purchased a new stake in shares of Vistra during the 3rd quarter valued at about $23,028,000. Retirement Systems of Alabama increased its position in shares of Vistra by 9.6% during the 3rd quarter. Retirement Systems of Alabama now owns 78,965 shares of the company’s stock valued at $9,361,000 after purchasing an additional 6,920 shares during the last quarter. Finally, First Sabrepoint Capital Management LP purchased a new stake in shares of Vistra during the 3rd quarter valued at about $17,781,000. Institutional investors own 90.88% of the company’s stock.

Vistra Trading Down 7.8 %

Shares of VST opened at $150.51 on Friday. 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 1 year low of $46.18 and a 1 year high of $199.84. The company has a 50 day simple moving average of $160.19 and a two-hundred day simple moving average of $132.33. The firm has a market cap of $51.21 billion, a P/E ratio of 28.08, a price-to-earnings-growth ratio of 1.12 and a beta of 1.22.

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 0.59%. Vistra’s dividend payout ratio (DPR) is 16.60%.

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on VST. Bank of America began coverage on shares of Vistra in a research report on Monday, January 27th. They set a “neutral” rating and a $206.00 price target for the company. Evercore ISI began coverage on shares of Vistra in a research report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price target for the company. UBS Group increased their target price on shares of Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Morgan Stanley increased their target price on shares of Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Finally, BMO Capital Markets increased their target price on shares of Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $171.64.

Insider Buying and Selling at Vistra

In other Vistra news, Director Scott B. Helm sold 20,000 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 343,350 shares of the company’s stock, valued at $47,990,029.50. This trade represents a 5.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Scott A. Hudson sold 115,000 shares of the 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 transaction, the executive vice president now owns 254,932 shares of the company’s stock, valued at $41,849,637.12. This represents a 31.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.42% of the company’s stock.

About Vistra

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.