Crestwood Advisors Group LLC Makes New Investment in Vistra Corp. (NYSE:VST)

Crestwood Advisors Group LLC acquired a new position in Vistra Corp. (NYSE:VST) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 1,513 shares of the company’s stock, valued at approximately $209,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Lionsbridge Wealth Management LLC purchased a new stake in Vistra in the 4th quarter worth approximately $277,000. Dakota Wealth Management purchased a new stake in Vistra in the 4th quarter worth approximately $231,000. Empire Life Investments Inc. purchased a new stake in Vistra in the 3rd quarter worth approximately $23,028,000. Retirement Systems of Alabama lifted its holdings in Vistra by 9.6% in the 3rd quarter. Retirement Systems of Alabama now owns 78,965 shares of the company’s stock worth $9,361,000 after buying an additional 6,920 shares during the period. Finally, First Sabrepoint Capital Management LP purchased a new stake in Vistra in the 3rd quarter worth approximately $17,781,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on VST. Bank of America began coverage on Vistra in a research report on Monday, January 27th. They issued a “neutral” rating and a $206.00 target price for the company. Morgan Stanley increased their target price on Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Evercore ISI began coverage on Vistra in a research report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 target price for the company. BMO Capital Markets increased their target price on Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Finally, UBS Group increased their target price on Vistra from $161.00 to $174.00 and gave the stock 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 assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $171.64.

Insider Activity at Vistra

In other Vistra news, Director Scott B. Helm sold 20,000 shares of Vistra stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $139.77, for a total value of $2,795,400.00. Following the completion of the sale, the director now owns 343,350 shares of the company’s stock, valued at approximately $47,990,029.50. This trade represents a 5.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.42% of the stock is owned by corporate insiders.

Vistra Stock Up 7.2 %

VST stock opened at $147.84 on Thursday. Vistra Corp. has a twelve month low of $48.22 and a twelve month high of $199.84. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. The firm has a market cap of $50.30 billion, a PE ratio of 27.58, a price-to-earnings-growth ratio of 1.12 and a beta of 1.22. The business has a 50 day moving average of $160.40 and a 200 day moving average of $133.70.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 20th will be given a dividend of $0.2235 per share. This represents a $0.89 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date is Thursday, March 20th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is 16.42%.

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

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.