Vistra Corp. (NYSE:VST) Shares Sold by Sigma Planning Corp

Sigma Planning Corp reduced its holdings in Vistra Corp. (NYSE:VST) by 20.9% during the fourth quarter, Holdings Channel reports. The firm owned 7,987 shares of the company’s stock after selling 2,112 shares during the period. Sigma Planning Corp’s holdings in Vistra were worth $1,101,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Private Advisor Group LLC increased its holdings in shares of Vistra by 4.8% in the third quarter. Private Advisor Group LLC now owns 8,366 shares of the company’s stock valued at $992,000 after buying an additional 381 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Vistra by 14,657.2% during the third quarter. International Assets Investment Management LLC now owns 420,580 shares of the company’s stock valued at $49,856,000 after purchasing an additional 417,730 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Vistra by 4.3% during the third quarter. Louisiana State Employees Retirement System now owns 19,300 shares of the company’s stock valued at $2,288,000 after purchasing an additional 800 shares during the last quarter. Arkadios Wealth Advisors purchased a new position in Vistra in the 3rd quarter worth about $684,000. Finally, PFG Investments LLC acquired a new stake in Vistra during the 3rd quarter worth about $284,000. 90.88% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Vistra Stock Down 5.2 %

VST opened at $142.66 on Tuesday. The company has a market capitalization of $48.54 billion, a PE ratio of 26.62, a price-to-earnings-growth ratio of 1.12 and a beta of 1.22. The business has a 50-day moving average of $160.14 and a 200-day moving average of $133.18. Vistra Corp. has a fifty-two week low of $48.22 and a fifty-two week high of $199.84. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 20th will be paid a $0.2235 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This is a boost from Vistra’s previous quarterly dividend of $0.22. This represents a $0.89 dividend on an annualized basis and a yield of 0.63%. Vistra’s payout ratio is 16.42%.

Vistra announced that its board has authorized a stock buyback program on Thursday, November 7th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 2.1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other Vistra news, Director Scott B. Helm sold 20,000 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $139.77, for a total value of $2,795,400.00. Following the completion of the sale, the director now owns 343,350 shares of the company’s stock, valued at $47,990,029.50. The trade was a 5.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.