Freedom Investment Management Inc. Has $519,000 Holdings in Vistra Corp. (NYSE:VST)

Freedom Investment Management Inc. boosted its holdings in Vistra Corp. (NYSE:VST) by 13.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,376 shares of the company’s stock after acquiring an additional 530 shares during the quarter. Freedom Investment Management Inc.’s holdings in Vistra were worth $519,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Redwood Wealth Management Group LLC bought a new position in shares of Vistra during the second quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Vistra in the 3rd quarter worth approximately $30,000. CVA Family Office LLC grew its holdings in shares of Vistra by 1,505.9% in the third quarter. CVA Family Office LLC now owns 273 shares of the company’s stock valued at $32,000 after acquiring an additional 256 shares in the last quarter. EdgeRock Capital LLC purchased a new stake in shares of Vistra during the second quarter valued at approximately $34,000. Finally, ORG Wealth Partners LLC bought a new stake in Vistra during the third quarter worth $40,000. Institutional investors own 90.88% of the company’s stock.

Vistra Trading Up 3.4 %

Shares of VST opened at $159.84 on Friday. The business’s 50-day moving average price is $132.47 and its 200-day moving average price is $101.77. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. Vistra Corp. has a twelve month low of $34.89 and a twelve month high of $168.67. The stock has a market cap of $54.38 billion, a PE ratio of 29.82, a P/E/G ratio of 1.98 and a beta of 1.09.

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 paid a $0.221 dividend. The ex-dividend date is Friday, December 20th. This is a boost from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a yield of 0.55%. Vistra’s dividend payout ratio is currently 16.42%.

Vistra declared that its Board of Directors has approved a share buyback program on Thursday, November 7th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 2.1% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Guggenheim upped their price objective on Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. UBS Group decreased their price target on shares of Vistra from $157.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. started coverage on Vistra in a research report on Thursday, October 17th. They set an “overweight” rating and a $178.00 price target on the stock. BNP Paribas started coverage on Vistra in a research note on Monday, October 14th. They set an “outperform” rating and a $231.00 price target for the company. Finally, Royal Bank of Canada upped their price objective on shares of Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Ten analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $149.10.

Insider Buying and Selling at Vistra

In other news, EVP Scott A. Hudson sold 115,000 shares of Vistra stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $164.16, for a total transaction of $18,878,400.00. Following the completion of the sale, the executive vice president now owns 254,932 shares in the company, valued at approximately $41,849,637.12. This trade represents a 31.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Stephen J. Muscato sold 207,100 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $161.34, for a total transaction of $33,413,514.00. Following the completion of the transaction, the executive vice president now owns 318,287 shares in the company, valued at approximately $51,352,424.58. This trade represents a 39.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.42% of the company’s stock.

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.