Vistra Corp. (NYSE:VST) Shares Sold by Westover Capital Advisors LLC

Westover Capital Advisors LLC decreased its holdings in shares of Vistra Corp. (NYSE:VST) by 14.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 57,809 shares of the company’s stock after selling 9,648 shares during the period. Vistra makes up about 1.8% of Westover Capital Advisors LLC’s holdings, making the stock its 13th biggest position. Westover Capital Advisors LLC’s holdings in Vistra were worth $7,970,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA grew its holdings in shares of Vistra by 51.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,826,631 shares of the company’s stock worth $453,609,000 after acquiring an additional 1,293,974 shares during the period. State Street Corp grew its holdings in shares of Vistra by 6.8% in the 3rd quarter. State Street Corp now owns 16,355,255 shares of the company’s stock worth $1,938,752,000 after acquiring an additional 1,037,402 shares during the period. Janus Henderson Group PLC grew its holdings in shares of Vistra by 36.0% in the 3rd quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company’s stock worth $448,320,000 after acquiring an additional 1,000,307 shares during the period. Rubric Capital Management LP grew its holdings in shares of Vistra by 60.1% in the 3rd quarter. Rubric Capital Management LP now owns 2,125,000 shares of the company’s stock worth $251,898,000 after acquiring an additional 797,894 shares during the period. Finally, Castle Hook Partners LP grew its holdings in shares of Vistra by 33.5% in the 3rd quarter. Castle Hook Partners LP now owns 2,610,273 shares of the company’s stock worth $309,422,000 after acquiring an additional 654,568 shares during the period. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Trading Down 7.4 %

Shares of Vistra stock opened at $123.79 on Tuesday. Vistra Corp. has a fifty-two week low of $55.28 and a fifty-two week high of $199.84. The firm has a market cap of $42.12 billion, a PE ratio of 23.10, a P/E/G ratio of 1.12 and a beta of 1.22. The business’s fifty day moving average is $160.13 and its two-hundred day moving average is $134.83. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 20th will be paid a dividend of $0.2235 per share. This represents a $0.89 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date is Thursday, March 20th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio is currently 16.60%.

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Bank of America initiated coverage on Vistra in a report on Monday, January 27th. They issued a “neutral” rating and a $206.00 price target on the stock. BMO Capital Markets increased their target price on Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Morgan Stanley increased their target price on Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Evercore ISI initiated coverage on Vistra in a report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 target price on the stock. Finally, UBS Group increased their target price on Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a 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. According to MarketBeat.com, Vistra currently has an average rating of “Moderate Buy” and a consensus target price of $171.64.

Insiders Place Their Bets

In related news, Director Scott B. Helm sold 20,000 shares of the 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 transaction, the director now directly owns 343,350 shares of the company’s stock, valued at approximately $47,990,029.50. This trade represents a 5.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.42% of the company’s stock.

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.