Dynasty Wealth Management LLC Increases Holdings in Vistra Corp. (NYSE:VST)

Dynasty Wealth Management LLC grew its position in shares of Vistra Corp. (NYSE:VST) by 11.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,161 shares of the company’s stock after buying an additional 218 shares during the quarter. Dynasty Wealth Management LLC’s holdings in Vistra were worth $298,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Lionsbridge Wealth Management LLC bought a new stake in Vistra during the fourth quarter valued at approximately $277,000. Dakota Wealth Management purchased a new position in shares of Vistra during the 4th quarter worth $231,000. Empire Life Investments Inc. bought a new stake in shares of Vistra during the 3rd quarter valued at $23,028,000. Retirement Systems of Alabama increased its stake in shares of 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 purchasing an additional 6,920 shares in the last quarter. Finally, First Sabrepoint Capital Management LP bought a new position in Vistra in the 3rd quarter worth $17,781,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Vistra

In other Vistra news, Director Scott B. Helm sold 20,000 shares of the firm’s 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 transaction, the director now owns 343,350 shares in the company, valued at $47,990,029.50. This trade represents a 5.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.42% of the company’s stock.

Vistra Stock Performance

VST opened at $133.85 on Friday. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. The stock has a market capitalization of $45.54 billion, a price-to-earnings ratio of 24.97, a PEG ratio of 1.12 and a beta of 1.22. The company has a fifty day moving average of $160.25 and a 200 day moving average of $133.67. Vistra Corp. has a fifty-two week low of $53.02 and a fifty-two week high of $199.84.

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

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 20th will be issued a $0.2235 dividend. This represents a $0.89 annualized dividend and a dividend yield of 0.67%. This is a boost from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, March 20th. Vistra’s payout ratio is 16.60%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on VST shares. UBS Group boosted their price target on Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a report on Friday, January 3rd. BMO Capital Markets boosted their price objective on Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Morgan Stanley raised their target price on shares of Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Evercore ISI initiated coverage on shares of Vistra in a research report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price target for the company. Finally, Bank of America started coverage on shares of Vistra in a research report on Monday, January 27th. They set a “neutral” rating and a $206.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $171.64.

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.