First Hawaiian Bank Acquires New Shares in Vistra Corp. (NYSE:VST)

First Hawaiian Bank bought a new position in shares of Vistra Corp. (NYSE:VST) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 15,008 shares of the company’s stock, valued at approximately $2,069,000.

Other institutional investors also recently modified their holdings of the company. Doliver Advisors LP bought a new position in Vistra during the 4th quarter worth approximately $236,000. Central Pacific Bank Trust Division bought a new position in shares of Vistra during the fourth quarter worth $488,000. Modus Advisors LLC acquired a new position in shares of Vistra in the 4th quarter valued at $2,639,000. GAMMA Investing LLC increased its position in shares of Vistra by 15.3% in the 4th quarter. GAMMA Investing LLC now owns 5,806 shares of the company’s stock valued at $800,000 after buying an additional 772 shares in the last quarter. Finally, Versant Capital Management Inc raised its stake in Vistra by 95.7% during the 4th quarter. Versant Capital Management Inc now owns 321 shares of the company’s stock worth $44,000 after buying an additional 157 shares during the period. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Vistra Trading Down 1.4 %

Vistra stock opened at $161.02 on Thursday. The company has a market cap of $54.78 billion, a price-to-earnings ratio of 30.04, a P/E/G ratio of 1.86 and a beta of 1.21. The firm has a 50-day moving average of $146.11 and a 200-day moving average of $113.06. 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 one year low of $38.08 and a one year high of $168.67.

Vistra announced that its board has initiated a share buyback plan on Thursday, November 7th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to repurchase up to 2.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th were paid a $0.221 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.55%. This is an increase from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, December 20th. Vistra’s dividend payout ratio (DPR) is currently 16.42%.

Insiders Place Their Bets

In other news, EVP Scott A. Hudson sold 115,000 shares of the business’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 directly owns 254,932 shares in the company, valued at $41,849,637.12. The trade was a 31.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Scott B. Helm sold 20,000 shares of the firm’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 completion of the sale, the director now owns 343,350 shares of the company’s stock, valued at $47,990,029.50. This trade represents a 5.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 342,100 shares of company stock valued at $55,087,314 in the last 90 days. 1.42% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. BMO Capital Markets boosted their target price on Vistra from $146.00 to $147.00 and gave the company an “outperform” rating in a research note on Tuesday, October 29th. Jefferies Financial Group increased their target price on Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Morgan Stanley lifted their price target on shares of Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Royal Bank of Canada increased their price objective on shares of Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. started coverage on shares of Vistra in a research report on Thursday, October 17th. They issued an “overweight” rating and a $178.00 price objective on the stock. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Vistra currently has a consensus rating of “Buy” and an average price target of $151.50.

Vistra Company 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.