Maia Wealth LLC Takes $347,000 Position in Vistra Corp. (NYSE:VST)

Maia Wealth LLC bought a new position in Vistra Corp. (NYSE:VST) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 2,528 shares of the company’s stock, valued at approximately $347,000.

Several other large investors have also recently modified their holdings of the stock. First Trust Direct Indexing L.P. lifted its position in Vistra by 38.2% in the third quarter. First Trust Direct Indexing L.P. now owns 5,100 shares of the company’s stock worth $605,000 after buying an additional 1,411 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Vistra by 28.6% in the third quarter. Farther Finance Advisors LLC now owns 2,120 shares of the company’s stock valued at $251,000 after acquiring an additional 471 shares during the period. Campbell Capital Management Inc. lifted its holdings in shares of Vistra by 822.9% in the 3rd quarter. Campbell Capital Management Inc. now owns 64,602 shares of the company’s stock worth $7,658,000 after acquiring an additional 57,602 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Vistra by 9.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 159,668 shares of the company’s stock worth $18,927,000 after purchasing an additional 13,897 shares during the period. Finally, Empire Life Investments Inc. bought a new position in Vistra during the 3rd quarter valued at about $23,028,000. Institutional investors own 90.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on VST shares. Evercore ISI began coverage on shares of Vistra in a research note on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price objective for the company. UBS Group raised their price target on Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. BMO Capital Markets upped their price objective on Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Morgan Stanley increased their target price on Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Finally, Bank of America assumed coverage on shares of Vistra in a research note on Monday, January 27th. They set a “neutral” rating and a $206.00 target price for the company. 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $171.64.

Vistra Stock Performance

VST stock opened at $133.85 on Monday. Vistra Corp. has a 1-year low of $53.02 and a 1-year high of $199.84. The business has a 50-day moving average price of $160.13 and a 200 day moving average price of $134.83. The company has a market capitalization of $45.54 billion, a P/E ratio of 24.97, a PEG ratio of 1.12 and a beta of 1.22. 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 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. The ex-dividend date is Thursday, March 20th. This represents a $0.89 annualized dividend and a dividend yield of 0.67%. This is a positive change from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is currently 16.60%.

Vistra declared that its Board of Directors has approved a share buyback program on Thursday, November 7th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to purchase up to 2.1% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Insider Transactions at Vistra

In other news, Director Scott B. Helm sold 20,000 shares of the business’s stock in a transaction 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 completion of the transaction, the director now directly owns 343,350 shares of the company’s stock, valued at approximately $47,990,029.50. The trade was a 5.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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.