Summit Trail Advisors LLC Raises Stock Holdings in Vistra Corp. (NYSE:VST)

Summit Trail Advisors LLC raised its position in shares of Vistra Corp. (NYSE:VST) by 21.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,392 shares of the company’s stock after acquiring an additional 607 shares during the period. Summit Trail Advisors LLC’s holdings in Vistra were worth $402,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Lone Pine Capital LLC raised its holdings in Vistra by 6.6% during the 2nd quarter. Lone Pine Capital LLC now owns 6,838,007 shares of the company’s stock valued at $587,932,000 after buying an additional 425,126 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Vistra by 51.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,826,631 shares of the company’s stock valued at $453,609,000 after buying an additional 1,293,974 shares during the period. Thrivent Financial for Lutherans raised its holdings in Vistra by 43.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,755,723 shares of the company’s stock valued at $208,122,000 after buying an additional 527,579 shares during the period. Point72 Asset Management L.P. raised its holdings in Vistra by 121.1% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,536,192 shares of the company’s stock valued at $132,082,000 after buying an additional 841,292 shares during the period. Finally, American Century Companies Inc. raised its holdings in Vistra by 106.4% during the 2nd quarter. American Century Companies Inc. now owns 1,384,629 shares of the company’s stock valued at $119,050,000 after buying an additional 713,705 shares during the period. 90.88% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Vistra

In related news, EVP Scott A. Hudson sold 115,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $164.16, for a total transaction of $18,878,400.00. Following the sale, the executive vice president now owns 254,932 shares of the company’s stock, valued at $41,849,637.12. This trade represents a 31.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 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. The trade was a 39.42 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.42% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on VST shares. Jefferies Financial Group increased their price target on Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. UBS Group cut their price objective on Vistra from $157.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, October 22nd. BMO Capital Markets upped their price objective on Vistra from $146.00 to $147.00 and gave the company an “outperform” rating in a research report on Tuesday, October 29th. Guggenheim upped their price objective on Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Finally, Morgan Stanley upped their price objective on Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $149.10.

Vistra Price Performance

VST opened at $162.63 on Wednesday. Vistra Corp. has a 12-month low of $34.70 and a 12-month high of $168.67. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. The business’s fifty day simple moving average is $128.54 and its 200-day simple moving average is $100.54. The company has a market capitalization of $55.33 billion, a price-to-earnings ratio of 30.34, a PEG ratio of 2.08 and a beta of 1.09.

Vistra announced that its Board of Directors has authorized a share repurchase plan on Thursday, November 7th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 2.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders 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 of this dividend is Friday, December 20th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.54%. Vistra’s dividend payout ratio is presently 16.42%.

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.