Kingsview Wealth Management LLC Raises Holdings in Vistra Corp. (NYSE:VST)

Kingsview Wealth Management LLC boosted its holdings in shares of Vistra Corp. (NYSE:VST) by 12.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,490 shares of the company’s stock after buying an additional 379 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Vistra were worth $414,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Empire Life Investments Inc. purchased a new position in Vistra during the third quarter valued at approximately $23,028,000. Terra Nova Asset Management LLC purchased a new position in Vistra during the third quarter valued at approximately $842,000. Czech National Bank increased its holdings in Vistra by 12.4% during the third quarter. Czech National Bank now owns 69,987 shares of the company’s stock valued at $8,296,000 after buying an additional 7,747 shares during the period. CIBC Asset Management Inc increased its holdings in Vistra by 12.4% during the third quarter. CIBC Asset Management Inc now owns 50,380 shares of the company’s stock valued at $5,972,000 after buying an additional 5,575 shares during the period. Finally, Viking Fund Management LLC purchased a new position in Vistra during the third quarter valued at approximately $1,185,000. 90.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on VST. Jefferies Financial Group raised their target price on shares of Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. JPMorgan Chase & Co. began coverage on shares of Vistra in a research note on Thursday, October 17th. They issued an “overweight” rating and a $178.00 target price for the company. UBS Group lowered their target price 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. Guggenheim raised their target price on shares of Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Finally, Royal Bank of Canada raised their target price on shares of Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $149.10.

Insider Transactions at Vistra

In related 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 completion of the transaction, the executive vice president now directly owns 318,287 shares in the company, valued at $51,352,424.58. The trade was a 39.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Scott A. Hudson sold 115,000 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $164.16, for a total transaction of $18,878,400.00. Following the transaction, the executive vice president now owns 254,932 shares of the company’s stock, valued at $41,849,637.12. This represents a 31.09 % 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 Trading Down 5.0 %

NYSE:VST opened at $154.52 on Friday. Vistra Corp. has a 12 month low of $34.88 and a 12 month high of $168.67. The firm has a fifty day simple moving average of $131.23 and a 200-day simple moving average of $101.40. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. The company has a market capitalization of $52.57 billion, a P/E ratio of 28.83, a PEG ratio of 1.98 and a beta of 1.09.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be paid a dividend of $0.221 per share. This is an increase from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a dividend yield of 0.57%. The ex-dividend date is Friday, December 20th. Vistra’s payout ratio is presently 16.42%.

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

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.