Vistra Corp. (NYSE:VST) Shares Acquired by Colonial River Investments LLC

Colonial River Investments LLC increased its position in Vistra Corp. (NYSE:VST) by 15.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,245 shares of the company’s stock after purchasing an additional 966 shares during the period. Colonial River Investments LLC’s holdings in Vistra were worth $999,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Y Intercept Hong Kong Ltd acquired a new position in Vistra in the fourth quarter worth about $5,222,000. Union Bancaire Privee UBP SA acquired a new position in Vistra in the fourth quarter worth about $2,070,000. Fjarde AP Fonden Fourth Swedish National Pension Fund bought a new position in Vistra in the fourth quarter worth about $234,000. WESPAC Advisors LLC bought a new position in Vistra in the fourth quarter worth about $746,000. Finally, TCW Group Inc. lifted its holdings in Vistra by 43.2% in the fourth quarter. TCW Group Inc. now owns 101,749 shares of the company’s stock worth $14,028,000 after acquiring an additional 30,708 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related 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 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.42% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. UBS Group raised 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 raised 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. Bank of America assumed coverage on shares of Vistra in a report on Monday, January 27th. They issued a “neutral” rating and a $206.00 target price on the stock. Evercore ISI assumed coverage on shares of Vistra in a report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 target price on the stock. Finally, BMO Capital Markets raised 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 assigned a buy rating to the company’s stock. According to MarketBeat.com, Vistra currently has an average rating of “Moderate Buy” and an average target price of $171.64.

Vistra Stock Performance

VST opened at $150.51 on Monday. The business’s 50 day moving average is $160.19 and its 200-day moving average is $132.74. The stock 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. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. Vistra Corp. has a twelve month low of $46.18 and a twelve month high of $199.84.

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

Vistra Increases Dividend

The company also recently announced 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 is a boost from Vistra’s previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a yield of 0.59%. Vistra’s payout ratio is presently 16.60%.

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.