Sigma Planning Corp Reduces Stock Position in Vistra Corp. (NYSE:VST)

Sigma Planning Corp lessened its position in shares of Vistra Corp. (NYSE:VST) by 25.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,099 shares of the company’s stock after selling 3,390 shares during the quarter. Sigma Planning Corp’s holdings in Vistra were worth $1,197,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in VST. Redwood Wealth Management Group LLC purchased a new stake in Vistra during the 2nd quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Vistra during the 3rd quarter valued at about $30,000. New Covenant Trust Company N.A. purchased a new stake in Vistra during the 1st quarter valued at about $32,000. CVA Family Office LLC grew its stake in Vistra by 1,505.9% during 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 last quarter. Finally, EdgeRock Capital LLC purchased a new stake in shares of Vistra in the second quarter worth about $34,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Vistra Price Performance

Shares of Vistra stock opened at $142.15 on Wednesday. The business has a 50 day simple moving average of $115.58 and a two-hundred day simple moving average of $96.17. Vistra Corp. has a 12 month low of $34.24 and a 12 month high of $149.80. The stock has a market capitalization of $48.84 billion, a P/E ratio of 26.52 and a beta of 1.09. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.98 and a quick ratio of 0.88.

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 shares. This repurchase authorization authorizes the company to reacquire up to 2.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be issued a dividend of $0.221 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.62%. This is a boost from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio is presently 16.42%.

Analyst Upgrades and Downgrades

VST has been the topic of a number of recent research reports. BNP Paribas initiated coverage on Vistra in a research note on Monday, October 14th. They issued an “outperform” rating and a $231.00 target price on the stock. Morgan Stanley upped their target price on Vistra from $110.00 to $132.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. Guggenheim upped their target price on Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Royal Bank of Canada upped their target price on Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Finally, UBS Group lowered their target price on Vistra from $157.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, October 22nd. Ten research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $145.40.

About Vistra

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.