Williamson Legacy Group LLC Sells 1,958 Shares of Vistra Corp. (NYSE:VST)

Williamson Legacy Group LLC decreased its holdings in Vistra Corp. (NYSE:VST) by 17.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,513 shares of the company’s stock after selling 1,958 shares during the period. Vistra accounts for about 0.9% of Williamson Legacy Group LLC’s portfolio, making the stock its 24th biggest holding. Williamson Legacy Group LLC’s holdings in Vistra were worth $1,312,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Lionsbridge Wealth Management LLC bought a new position in shares of Vistra in the fourth quarter worth about $277,000. Dakota Wealth Management bought a new position in shares of Vistra in the fourth quarter worth about $231,000. Empire Life Investments Inc. purchased a new stake in shares of Vistra in the third quarter worth about $23,028,000. Retirement Systems of Alabama lifted its position in shares of Vistra by 9.6% in the third quarter. Retirement Systems of Alabama now owns 78,965 shares of the company’s stock worth $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 shares of Vistra in the third quarter worth about $17,781,000. Institutional investors own 90.88% of the company’s stock.

Insider Transactions at Vistra

In other news, Director Scott B. Helm sold 20,000 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $139.77, for a total value of $2,795,400.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.42% of the company’s stock.

Analysts Set New Price Targets

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

Vistra Trading Up 3.0 %

Shares of NYSE VST opened at $133.85 on Friday. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. The business’s 50 day moving average price is $160.25 and its 200-day moving average price is $133.67. Vistra Corp. has a fifty-two week low of $53.02 and a fifty-two week high of $199.84. The company has a market cap of $45.54 billion, a price-to-earnings ratio of 24.97, a PEG ratio of 1.12 and a beta of 1.22.

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

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 20th will be issued a $0.2235 dividend. This represents a $0.89 annualized dividend and a dividend yield of 0.67%. This is an increase from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, March 20th. Vistra’s dividend 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.