Dynasty Wealth Management LLC Grows Stake in Vistra Corp. (NYSE:VST)

Dynasty Wealth Management LLC boosted its stake in shares of Vistra Corp. (NYSE:VST) by 11.2% during the 4th quarter, HoldingsChannel reports. The fund owned 2,161 shares of the company’s stock after purchasing an additional 218 shares during the period. Dynasty Wealth Management LLC’s holdings in Vistra were worth $298,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Avior Wealth Management LLC increased its position in shares of Vistra by 56.5% during the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock valued at $25,000 after purchasing an additional 65 shares during the last quarter. Pathway Financial Advisers LLC increased its position in Vistra by 616.0% during the fourth quarter. Pathway Financial Advisers LLC now owns 179 shares of the company’s stock valued at $25,000 after acquiring an additional 154 shares during the last quarter. Founders Capital Management purchased a new stake in shares of Vistra in the fourth quarter valued at $28,000. West Branch Capital LLC purchased a new stake in shares of Vistra in the fourth quarter valued at $28,000. Finally, Comprehensive Financial Planning Inc. PA bought a new stake in shares of Vistra in the 4th quarter worth about $28,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Vistra Trading Up 3.0 %

NYSE VST opened at $133.85 on Friday. The company’s 50-day simple moving average is $160.25 and its two-hundred day simple moving average is $133.67. Vistra Corp. has a one year low of $53.02 and a one year high of $199.84. The company has a market capitalization of $45.54 billion, a price-to-earnings ratio of 24.97, a price-to-earnings-growth ratio of 1.12 and a beta of 1.22. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11.

Vistra declared that its Board of Directors has initiated a share 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 reacquire up to 2.1% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 20th will be paid a $0.2235 dividend. This is an increase from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.89 dividend on an annualized basis and a yield of 0.67%. Vistra’s payout ratio is 16.60%.

Insiders Place Their Bets

In other Vistra news, Director Scott B. Helm sold 20,000 shares of Vistra stock in a transaction dated 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 owns 343,350 shares in the company, valued at $47,990,029.50. The trade was a 5.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.42% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. BMO Capital Markets increased their price objective on shares of Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Morgan Stanley increased their price target on Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Evercore ISI started coverage on Vistra in a research note on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price target for the company. UBS Group upped their price objective on Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Finally, Bank of America assumed coverage on Vistra in a research report on Monday, January 27th. They set a “neutral” rating and a $206.00 target price for the company. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $171.64.

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.