Vistra Corp. (NYSE:VST) is Fulcrum Equity Management’s 9th Largest Position

Fulcrum Equity Management raised its position in shares of Vistra Corp. (NYSE:VST) by 2.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,549 shares of the company’s stock after purchasing an additional 364 shares during the quarter. Vistra accounts for about 1.4% of Fulcrum Equity Management’s investment portfolio, making the stock its 9th largest position. Fulcrum Equity Management’s holdings in Vistra were worth $1,606,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of VST. Mark Sheptoff Financial Planning LLC purchased a new position in shares of Vistra during the 3rd quarter valued at $30,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Vistra during the third quarter valued at about $30,000. CVA Family Office LLC lifted its position 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. RPg Family Wealth Advisory LLC bought a new position in shares of Vistra in the third quarter worth about $36,000. Finally, Redwood Wealth Management Group LLC bought a new position in shares of Vistra in the second quarter worth about $26,000. 90.88% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

VST has been the topic of several research analyst reports. BMO Capital Markets boosted their target price on shares of Vistra from $146.00 to $147.00 and gave the stock an “outperform” rating in a report on Tuesday, October 29th. UBS Group decreased their price target on shares of Vistra from $157.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, October 22nd. BNP Paribas assumed coverage on Vistra in a research report on Monday, October 14th. They set an “outperform” rating and a $231.00 price objective for the company. Guggenheim boosted their target price on Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Finally, Jefferies Financial Group increased their price target on Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Vistra presently has an average rating of “Buy” and a consensus target price of $149.10.

Vistra Price Performance

Shares of Vistra stock opened at $146.00 on Thursday. The stock has a market cap of $49.67 billion, a price-to-earnings ratio of 27.24, a price-to-earnings-growth ratio of 2.05 and a beta of 1.16. 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 50 day moving average price of $139.21 and a 200-day moving average price of $105.57. Vistra Corp. has a one year low of $36.81 and a one year high of $168.67.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be paid a $0.221 dividend. The ex-dividend date is Friday, December 20th. This represents a $0.88 annualized dividend and a dividend yield of 0.61%. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio is currently 16.42%.

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

Insider Transactions at Vistra

In other Vistra news, EVP Scott A. Hudson sold 115,000 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $164.16, for a total value of $18,878,400.00. Following the sale, the executive vice president now owns 254,932 shares in the company, valued at $41,849,637.12. This trade represents a 31.09 % 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, Director Scott B. Helm sold 20,000 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $139.77, for a total transaction of $2,795,400.00. Following the sale, the director now directly owns 343,350 shares of the company’s stock, valued at $47,990,029.50. This represents a 5.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 342,100 shares of company stock worth $55,087,314. 1.42% of the stock is currently owned by insiders.

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.