Bridges Investment Management Inc. Buys 302 Shares of Vistra Corp. (NYSE:VST)

Bridges Investment Management Inc. raised its stake in shares of Vistra Corp. (NYSE:VST) by 15.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,322 shares of the company’s stock after purchasing an additional 302 shares during the period. Bridges Investment Management Inc.’s holdings in Vistra were worth $320,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Pathway Financial Advisers LLC grew its holdings in Vistra by 616.0% during the fourth quarter. Pathway Financial Advisers LLC now owns 179 shares of the company’s stock valued at $25,000 after purchasing an additional 154 shares during the period. Avior Wealth Management LLC grew its holdings in Vistra by 56.5% during the fourth quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock valued at $25,000 after purchasing an additional 65 shares during the period. Founders Capital Management purchased a new position in shares of Vistra in the fourth quarter valued at about $28,000. West Branch Capital LLC purchased a new position in shares of Vistra in the fourth quarter valued at about $28,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new position in shares of Vistra in the fourth quarter valued at about $28,000. Institutional investors own 90.88% of the company’s stock.

Vistra Price Performance

NYSE:VST opened at $123.79 on Tuesday. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. The company has a market capitalization of $42.12 billion, a P/E ratio of 23.10, a P/E/G ratio of 1.12 and a beta of 1.22. Vistra Corp. has a 12 month low of $55.28 and a 12 month high of $199.84. The business’s 50-day moving average is $160.13 and its 200 day moving average is $134.83.

Vistra announced that its Board of Directors has authorized a stock buyback program on Thursday, November 7th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 2.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

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 paid a dividend of $0.2235 per share. This is a boost from Vistra’s previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Thursday, March 20th. Vistra’s payout ratio is presently 16.60%.

Insiders Place Their Bets

In other Vistra news, Director Scott B. Helm sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $139.77, for a total transaction of $2,795,400.00. Following the sale, the director now directly owns 343,350 shares of the company’s stock, valued at $47,990,029.50. The trade was a 5.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.42% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

VST has been the topic of several research analyst reports. UBS Group boosted their price objective on Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Morgan Stanley boosted their price objective on Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. BMO Capital Markets boosted their price objective on Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Evercore ISI initiated coverage on Vistra in a research report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price objective on the stock. Finally, Bank of America assumed coverage on Vistra in a research report on Monday, January 27th. They issued a “neutral” rating and a $206.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $171.64.

Vistra 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.