Vistra Corp. (NYSE:VST) Shares Sold by Beaconlight Capital LLC

Beaconlight Capital LLC cut its stake in Vistra Corp. (NYSE:VST) by 31.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,433 shares of the company’s stock after selling 13,522 shares during the period. Vistra accounts for about 1.4% of Beaconlight Capital LLC’s portfolio, making the stock its 22nd largest position. Beaconlight Capital LLC’s holdings in Vistra were worth $3,489,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of VST. Redwood Wealth Management Group LLC acquired a new stake in Vistra during the 2nd quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Vistra during the 3rd quarter valued at approximately $30,000. New Covenant Trust Company N.A. acquired a new stake in Vistra during the 1st quarter valued at approximately $32,000. CVA Family Office LLC lifted its stake in shares of Vistra by 1,505.9% in the 3rd quarter. CVA Family Office LLC now owns 273 shares of the company’s stock valued at $32,000 after purchasing an additional 256 shares during the period. Finally, EdgeRock Capital LLC acquired a new position in shares of Vistra in the 2nd quarter valued at $34,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Vistra

In related news, EVP Scott A. Hudson sold 115,000 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $164.16, for a total value of $18,878,400.00. Following the completion of the sale, the executive vice president now owns 254,932 shares of the company’s stock, 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 document filed with the SEC, which can be accessed through this link. Also, EVP Stephen J. Muscato sold 207,100 shares of the company’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 completion of the sale, the executive vice president now directly owns 318,287 shares of the company’s stock, valued at $51,352,424.58. This represents a 39.42 % decrease in their position. The disclosure for this sale can be found here. 1.42% of the stock is currently owned by insiders.

Vistra Price Performance

Shares of Vistra stock traded down $3.10 during trading hours on Wednesday, reaching $159.56. 442,096 shares of the company’s stock were exchanged, compared to its average volume of 6,864,579. Vistra Corp. has a 1 year low of $34.88 and a 1 year high of $168.67. The company has a market capitalization of $54.29 billion, a P/E ratio of 30.34, a price-to-earnings-growth ratio of 1.98 and a beta of 1.09. The business has a fifty day moving average of $129.97 and a two-hundred day moving average of $101.03. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68.

Vistra declared that its board has approved a share buyback plan on Thursday, November 7th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire 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 Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be issued a $0.221 dividend. The ex-dividend date is Friday, December 20th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.55%. This is a positive change from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio is currently 16.42%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on VST shares. BNP Paribas started coverage on shares of Vistra in a research note on Monday, October 14th. They issued an “outperform” rating and a $231.00 target price for the company. Morgan Stanley boosted their target price on shares of Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Guggenheim boosted their target price on shares of Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. BMO Capital Markets boosted their target price on shares of Vistra from $146.00 to $147.00 and gave the company an “outperform” rating in a research note on Tuesday, October 29th. Finally, UBS Group cut their price target on shares of Vistra from $157.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, October 22nd. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $149.10.

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.