Polianta Ltd Has $1.09 Million Stake in Vistra Corp. (NYSE:VST)

Polianta Ltd reduced its position in shares of Vistra Corp. (NYSE:VST) by 21.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 7,900 shares of the company’s stock after selling 2,200 shares during the quarter. Polianta Ltd’s holdings in Vistra were worth $1,089,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Blair William & Co. IL boosted its stake in shares of Vistra by 57.2% during the 2nd quarter. Blair William & Co. IL now owns 9,928 shares of the company’s stock worth $854,000 after buying an additional 3,611 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in Vistra by 1,358.2% during the second quarter. Thrivent Financial for Lutherans now owns 1,228,144 shares of the company’s stock worth $105,596,000 after acquiring an additional 1,143,918 shares in the last quarter. Summit Trail Advisors LLC acquired a new position in Vistra during the second quarter valued at approximately $239,000. Forest Avenue Capital Management LP grew its stake in Vistra by 21.9% in the second quarter. Forest Avenue Capital Management LP now owns 535,074 shares of the company’s stock valued at $46,006,000 after purchasing an additional 96,074 shares in the last quarter. Finally, Rubric Capital Management LP increased its position in shares of Vistra by 9.3% during the 2nd quarter. Rubric Capital Management LP now owns 1,327,106 shares of the company’s stock worth $114,105,000 after purchasing an additional 113,108 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Morgan Stanley increased their price objective on Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. BNP Paribas assumed coverage on shares of Vistra in a research report on Monday, October 14th. They issued an “outperform” rating and a $231.00 price objective for the company. Jefferies Financial Group upped their target price on shares of Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. BMO Capital Markets lifted their price target on Vistra from $146.00 to $147.00 and gave the stock an “outperform” rating in a report on Tuesday, October 29th. Finally, UBS Group boosted their price target on Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Vistra currently has a consensus rating of “Buy” and a consensus price target of $151.50.

Insider Buying and Selling

In other news, EVP Scott A. Hudson sold 115,000 shares of the company’s 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 completion of the transaction, the executive vice president now directly owns 254,932 shares in the company, valued at approximately $41,849,637.12. This represents a 31.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Stephen J. Muscato sold 207,100 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $161.34, for a total value of $33,413,514.00. Following the sale, the executive vice president now directly owns 318,287 shares in the company, valued at approximately $51,352,424.58. This trade represents a 39.42 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 342,100 shares of company stock worth $55,087,314. Corporate insiders own 1.42% of the company’s stock.

Vistra Price Performance

Shares of NYSE VST opened at $171.10 on Friday. The business has a fifty day moving average price of $151.89 and a two-hundred day moving average price of $116.99. The stock has a market capitalization of $58.21 billion, a PE ratio of 31.92, a P/E/G ratio of 1.56 and a beta of 1.21. 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 fifty-two week low of $39.08 and a fifty-two week high of $178.40.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th were issued a dividend of $0.221 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend was Friday, December 20th. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio is 16.60%.

Vistra declared that its board has initiated a stock buyback plan on Thursday, November 7th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to buy up to 2.1% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Vistra 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.