CreativeOne Wealth LLC Increases Stake in Vistra Corp. (NYSE:VST)

CreativeOne Wealth LLC raised its stake in shares of Vistra Corp. (NYSE:VST) by 28.2% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 3,489 shares of the company’s stock after acquiring an additional 767 shares during the period. CreativeOne Wealth LLC’s holdings in Vistra were worth $414,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of VST. Redwood Wealth Management Group LLC bought a new position in Vistra during the 2nd quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Vistra during the 3rd quarter valued at about $30,000. CVA Family Office LLC lifted its stake 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. EdgeRock Capital LLC bought a new position in Vistra during the 2nd quarter valued at about $34,000. Finally, ORG Wealth Partners LLC bought a new position in Vistra during the 3rd quarter valued at about $40,000. Institutional investors own 90.88% of the company’s stock.

Insider Buying and Selling at Vistra

In other Vistra news, EVP Scott A. Hudson sold 115,000 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now owns 254,932 shares of the company’s stock, valued at approximately $41,849,637.12. This trade represents a 31.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Stephen J. Muscato sold 207,100 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $161.34, for a total transaction of $33,413,514.00. Following the transaction, the executive vice president now directly owns 318,287 shares in the company, valued at $51,352,424.58. This trade represents a 39.42 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.42% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on VST shares. JPMorgan Chase & Co. assumed coverage on shares of Vistra in a research note on Thursday, October 17th. They set an “overweight” rating and a $178.00 target price on the stock. 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 target on the stock. Royal Bank of Canada boosted their price objective on shares of Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Morgan Stanley raised their target price on Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Finally, UBS Group cut their price target on Vistra from $157.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, October 22nd. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Vistra presently has a consensus rating of “Buy” and an average price target of $149.10.

Vistra Trading Up 3.4 %

NYSE VST opened at $159.84 on Monday. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. The company has a market capitalization of $54.38 billion, a price-to-earnings ratio of 29.82, a price-to-earnings-growth ratio of 2.05 and a beta of 1.09. The company’s 50-day simple moving average is $133.51 and its two-hundred day simple moving average is $102.33. Vistra Corp. has a one year low of $34.89 and a one year high of $168.67.

Vistra announced that its board has authorized a share repurchase plan 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 stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be given a dividend of $0.221 per share. This is an increase from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date is Friday, December 20th. This represents a $0.88 dividend on an annualized basis and a yield of 0.55%. Vistra’s dividend payout ratio (DPR) is 16.42%.

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.