1,482 Shares in Vistra Corp. (NYSE:VST) Purchased by Turning Point Benefit Group Inc.

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

Several other large investors have also recently made changes to their positions in VST. Massachusetts Financial Services Co. MA lifted its holdings in shares of Vistra by 51.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,826,631 shares of the company’s stock valued at $453,609,000 after purchasing an additional 1,293,974 shares during the last quarter. State Street Corp lifted its holdings in shares of Vistra by 6.8% during the third quarter. State Street Corp now owns 16,355,255 shares of the company’s stock valued at $1,938,752,000 after purchasing an additional 1,037,402 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Vistra by 36.0% during the third quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company’s stock valued at $448,320,000 after purchasing an additional 1,000,307 shares during the last quarter. Rubric Capital Management LP lifted its holdings in shares of Vistra by 60.1% during the third quarter. Rubric Capital Management LP now owns 2,125,000 shares of the company’s stock valued at $251,898,000 after purchasing an additional 797,894 shares during the last quarter. Finally, Castle Hook Partners LP lifted its holdings in shares of Vistra by 33.5% during the third quarter. Castle Hook Partners LP now owns 2,610,273 shares of the company’s stock valued at $309,422,000 after purchasing an additional 654,568 shares during the last quarter. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Evercore ISI initiated coverage on shares of Vistra in a report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 target price for the company. Bank of America initiated coverage on shares of Vistra in a research report on Monday, January 27th. They set a “neutral” rating and a $206.00 price target for the company. Morgan Stanley raised their price target on shares of 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 raised their price target on shares of Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Finally, UBS Group raised their price target on shares of Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. One 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, Vistra has a consensus rating of “Moderate Buy” and an average price target of $171.64.

Insider Transactions at Vistra

In other news, EVP Scott A. Hudson sold 115,000 shares of Vistra stock in a transaction on 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. This trade represents a 31.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Scott B. Helm sold 20,000 shares of Vistra stock in a transaction 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 transaction, the director now owns 343,350 shares in the company, valued at $47,990,029.50. This represents a 5.50 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.42% of the company’s stock.

Vistra Trading Down 7.8 %

NYSE:VST opened at $150.51 on Friday. 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 12 month low of $46.18 and a 12 month high of $199.84. 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. The company has a 50 day simple moving average of $160.19 and a two-hundred day simple moving average of $131.92.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 20th will be given a $0.2235 dividend. This represents a $0.89 dividend on an annualized basis and a yield of 0.59%. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is 16.60%.

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

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.