Brown Brothers Harriman & Co. Purchases 2,513 Shares of Vistra Corp. (NYSE:VST)

Brown Brothers Harriman & Co. boosted its stake in shares of Vistra Corp. (NYSE:VST) by 335.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,263 shares of the company’s stock after acquiring an additional 2,513 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Vistra were worth $387,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Vistra during the 3rd quarter valued at about $30,000. CVA Family Office LLC boosted its holdings in Vistra by 1,505.9% during the 3rd quarter. CVA Family Office LLC now owns 273 shares of the company’s stock valued at $32,000 after acquiring an additional 256 shares during the period. Redwood Wealth Management Group LLC purchased a new stake in Vistra during the 2nd quarter valued at about $26,000. ORG Wealth Partners LLC purchased a new stake in Vistra during the 3rd quarter valued at about $40,000. Finally, Fortitude Family Office LLC boosted its holdings in Vistra by 125.0% during the 3rd quarter. Fortitude Family Office LLC now owns 360 shares of the company’s stock valued at $43,000 after acquiring an additional 200 shares during the period. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on VST shares. Morgan Stanley increased their price objective on Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. JPMorgan Chase & Co. began coverage on Vistra in a research note on Thursday, October 17th. They issued an “overweight” rating and a $178.00 target price for the company. BNP Paribas began coverage on Vistra in a research report on Monday, October 14th. They set an “outperform” rating and a $231.00 price target on the stock. UBS Group dropped their price target on Vistra from $157.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, October 22nd. Finally, Jefferies Financial Group lifted their price target on Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat, Vistra has an average rating of “Buy” and an average price target of $149.10.

Vistra Trading Down 5.0 %

Vistra stock opened at $154.54 on Thursday. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. The business’s fifty day simple moving average is $129.97 and its two-hundred day simple moving average is $101.03. Vistra Corp. has a 12 month low of $34.88 and a 12 month high of $168.67. The company has a market capitalization of $52.58 billion, a price-to-earnings ratio of 28.83, a price-to-earnings-growth ratio of 1.98 and a beta of 1.09.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be issued a $0.221 dividend. This represents a $0.88 annualized dividend and a yield of 0.57%. This is an increase from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, December 20th. Vistra’s payout ratio is 16.42%.

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

Insiders Place Their Bets

In other news, EVP Scott A. Hudson sold 115,000 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $164.16, for a total value of $18,878,400.00. Following the completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Stephen J. Muscato sold 207,100 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $161.34, for a total value of $33,413,514.00. Following the completion of the transaction, the executive vice president now owns 318,287 shares of the company’s stock, valued at $51,352,424.58. This represents a 39.42 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.42% of the company’s stock.

About Vistra

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.