Turning Point Benefit Group Inc. Buys New Shares in Vistra Corp. (NYSE:VST)

Turning Point Benefit Group Inc. bought a new stake in shares of Vistra Corp. (NYSE:VST) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,482 shares of the company’s stock, valued at approximately $204,000.

Other large investors also recently modified their holdings of the company. Lionsbridge Wealth Management LLC purchased a new position in shares of Vistra during the 4th quarter valued at $277,000. Dakota Wealth Management purchased a new position in shares of Vistra during the 4th quarter valued at $231,000. Empire Life Investments Inc. purchased a new position in shares of Vistra during the 3rd quarter valued at $23,028,000. Retirement Systems of Alabama lifted its stake 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 buying an additional 6,920 shares in the last quarter. Finally, First Sabrepoint Capital Management LP purchased a new stake in Vistra in the 3rd quarter worth $17,781,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Vistra Stock Performance

Vistra stock opened at $150.51 on Friday. The company’s 50-day moving average price is $160.19 and its 200-day moving average price is $131.92. Vistra Corp. has a twelve month low of $46.18 and a twelve month high of $199.84. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. The company has a market cap of $51.21 billion, a PE ratio of 28.08, a price-to-earnings-growth ratio of 1.12 and a beta of 1.22.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 20th will be issued a dividend of $0.2235 per share. This represents a $0.89 annualized dividend and a yield of 0.59%. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio is presently 16.60%.

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

Analysts Set New Price Targets

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

Insider Activity at Vistra

In related news, Director Scott B. Helm sold 20,000 shares of the company’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 approximately $47,990,029.50. This represents a 5.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Scott A. Hudson sold 115,000 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $164.16, for a total transaction of $18,878,400.00. Following the transaction, the executive vice president now owns 254,932 shares in the company, valued at $41,849,637.12. The trade was a 31.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.42% of the stock is currently owned by insiders.

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.