MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Invests $2.14 Million in Vistra Corp. (NYSE:VST)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new stake in Vistra Corp. (NYSE:VST) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 15,238 shares of the company’s stock, valued at approximately $2,135,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Avior Wealth Management LLC lifted its position in shares of Vistra by 56.5% in the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock worth $25,000 after acquiring an additional 65 shares during the period. Founders Capital Management bought a new position in Vistra in the fourth quarter worth $28,000. West Branch Capital LLC acquired a new stake in Vistra during the fourth quarter worth $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Vistra during the third quarter worth $30,000. Finally, Mark Sheptoff Financial Planning LLC acquired a new position in shares of Vistra in the 3rd quarter valued at $30,000. 90.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on VST. JPMorgan Chase & Co. began coverage on Vistra in a research note on Thursday, October 17th. They issued an “overweight” rating and a $178.00 price objective on the stock. Morgan Stanley lifted 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 Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Evercore ISI began coverage on Vistra in a report on Tuesday. They set an “outperform” rating and a $202.00 price target for the company. Finally, BNP Paribas assumed coverage on Vistra in a research note on Monday, October 14th. They issued an “outperform” rating and a $231.00 price objective on the stock. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $168.20.

Vistra Trading Up 2.6 %

VST opened at $191.70 on Friday. The firm has a 50 day simple moving average of $155.22 and a 200 day simple moving average of $119.39. Vistra Corp. has a fifty-two week low of $39.13 and a fifty-two week high of $199.84. The company has a market cap of $65.22 billion, a price-to-earnings ratio of 35.76, a price-to-earnings-growth ratio of 1.77 and a beta of 1.21. 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 (NYSE:VST) last issued its earnings results on Thursday, November 7th. The company reported $5.25 EPS for the quarter, beating the consensus estimate of $1.24 by $4.01. Vistra had a net margin of 12.51% and a return on equity of 57.63%. The company had revenue of $6.29 billion during the quarter, compared to analysts’ expectations of $4.96 billion. During the same quarter in the previous year, the company posted $1.25 EPS. On average, sell-side analysts anticipate that Vistra Corp. will post 4.48 earnings per share for the current year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th were issued a dividend of $0.221 per share. The ex-dividend date was Friday, December 20th. This represents a $0.88 dividend on an annualized basis and a yield of 0.46%. This is a boost from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is 16.60%.

Vistra announced that its board has approved a stock repurchase plan on Thursday, November 7th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 2.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Insider Transactions at Vistra

In related news, Director Scott B. Helm sold 20,000 shares of the stock in a transaction that occurred 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 completion of the sale, the director now directly owns 343,350 shares of the company’s stock, valued at approximately $47,990,029.50. This represents a 5.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Scott A. Hudson sold 115,000 shares of Vistra stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now directly owns 254,932 shares in the company, valued at approximately $41,849,637.12. The trade was a 31.09 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 342,100 shares of company stock worth $55,087,314. 1.42% of the stock is currently owned by company insiders.

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.