37,876 Shares in Vistra Corp. (NYSE:VST) Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new position in Vistra Corp. (NYSE:VST) during the 4th quarter, Holdings Channel reports. The fund bought 37,876 shares of the company’s stock, valued at approximately $5,222,000.

Several other large investors also recently modified their holdings of VST. Union Bancaire Privee UBP SA bought a new stake in shares of Vistra in the 4th quarter worth approximately $2,070,000. Fjarde AP Fonden Fourth Swedish National Pension Fund bought a new stake in Vistra in the fourth quarter valued at $234,000. WESPAC Advisors LLC bought a new stake in Vistra in the fourth quarter valued at $746,000. TCW Group Inc. boosted its holdings in Vistra by 43.2% in the fourth quarter. TCW Group Inc. now owns 101,749 shares of the company’s stock valued at $14,028,000 after acquiring an additional 30,708 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in Vistra by 49.6% in the fourth quarter. First Horizon Advisors Inc. now owns 1,131 shares of the company’s stock valued at $156,000 after acquiring an additional 375 shares in the last quarter. 90.88% of the stock is owned by institutional investors.

Vistra Stock Performance

Shares of Vistra stock opened at $150.51 on Monday. The stock has a market cap of $51.21 billion, a price-to-earnings ratio of 28.08, a PEG ratio of 1.12 and a beta of 1.22. The firm’s 50-day moving average is $160.19 and its 200 day moving average is $132.74. Vistra Corp. has a 1 year low of $46.18 and a 1 year high of $199.84. 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 company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 20th will be paid a $0.2235 dividend. This represents a $0.89 annualized dividend and a dividend yield of 0.59%. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio is currently 16.60%.

Vistra declared that its board has initiated a stock buyback plan on Thursday, November 7th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 2.1% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

VST has been the topic of a number of research reports. Evercore ISI initiated coverage on shares of Vistra in a research note on Tuesday, January 21st. They set an “outperform” rating and a $202.00 target price on the stock. BMO Capital Markets lifted 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. Bank of America assumed coverage on Vistra in a research report on Monday, January 27th. They set a “neutral” rating and a $206.00 price objective on the stock. Morgan Stanley lifted their price target on Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Finally, UBS Group lifted their price target on Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. One investment 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 currently has an average rating of “Moderate Buy” and a consensus target price of $171.64.

Insider Transactions at Vistra

In other news, Director Scott B. Helm sold 20,000 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $139.77, for a total transaction of $2,795,400.00. Following the transaction, the director now directly owns 343,350 shares of the company’s stock, valued at $47,990,029.50. This represents a 5.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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.