Shilanski & Associates Inc. Has $1.90 Million Stake in Vistra Corp. (NYSE:VST)

Shilanski & Associates Inc. reduced its stake in shares of Vistra Corp. (NYSE:VST) by 3.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,803 shares of the company’s stock after selling 523 shares during the quarter. Shilanski & Associates Inc.’s holdings in Vistra were worth $1,903,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Avior Wealth Management LLC boosted its position in shares of Vistra by 56.5% during the fourth quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock worth $25,000 after purchasing an additional 65 shares in the last quarter. Founders Capital Management acquired a new stake in Vistra during the 4th quarter worth $28,000. West Branch Capital LLC acquired a new stake in Vistra during the 4th quarter worth $28,000. Mark Sheptoff Financial Planning LLC bought a new position in Vistra during the third quarter worth about $30,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in Vistra in the third quarter valued at about $30,000. Institutional investors own 90.88% of the company’s stock.

Insider Activity

In other Vistra news, EVP Stephen J. Muscato sold 207,100 shares of the business’s stock in a transaction on 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 sale, the executive vice president now owns 318,287 shares of the company’s stock, valued at approximately $51,352,424.58. The trade was a 39.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Scott A. Hudson sold 115,000 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $164.16, for a total value of $18,878,400.00. Following the sale, the executive vice president now owns 254,932 shares in the company, valued at $41,849,637.12. This represents a 31.09 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 342,100 shares of company stock worth $55,087,314. Corporate insiders own 1.42% of the company’s stock.

Vistra Stock Performance

Shares of NYSE VST opened at $191.70 on Friday. Vistra Corp. has a one year low of $39.13 and a one 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. The firm has a market cap of $65.22 billion, a price-to-earnings ratio of 35.76, a P/E/G ratio of 1.77 and a beta of 1.21. The stock’s fifty day moving average price is $155.22 and its two-hundred day moving average price is $119.39.

Vistra (NYSE:VST) last announced its quarterly earnings data on Thursday, November 7th. The company reported $5.25 earnings per share for the quarter, beating the consensus estimate of $1.24 by $4.01. Vistra had a return on equity of 57.63% and a net margin of 12.51%. The firm had revenue of $6.29 billion during the quarter, compared to analysts’ expectations of $4.96 billion. During the same period in the previous year, the firm earned $1.25 EPS. On average, equities analysts forecast that Vistra Corp. will post 4.48 EPS for the current year.

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

Vistra Increases Dividend

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

Wall Street Analyst Weigh In

Several brokerages have commented on VST. BNP Paribas initiated coverage on shares of Vistra in a report on Monday, October 14th. They set an “outperform” rating and a $231.00 target price on the stock. Royal Bank of Canada lifted their price target on Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Morgan Stanley boosted their price objective on shares of Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Evercore ISI assumed coverage on shares of Vistra in a report on Tuesday. They set an “outperform” rating and a $202.00 target price on the stock. Finally, JPMorgan Chase & Co. started coverage on Vistra in a report on Thursday, October 17th. They set an “overweight” rating and a $178.00 price target for the company. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Vistra presently has a consensus rating of “Buy” and an average price target of $168.20.

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.