Summit Trail Advisors LLC Grows Stock Position in Vistra Corp. (NYSE:VST)

Summit Trail Advisors LLC raised its holdings in Vistra Corp. (NYSE:VST) by 21.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,392 shares of the company’s stock after buying an additional 607 shares during the quarter. Summit Trail Advisors LLC’s holdings in Vistra were worth $402,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Redwood Wealth Management Group LLC purchased a new stake in Vistra in the second quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Vistra in the third quarter valued at about $30,000. New Covenant Trust Company N.A. purchased a new stake in Vistra in the first quarter valued at about $32,000. CVA Family Office LLC raised its stake 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 worth $32,000 after purchasing an additional 256 shares during the last quarter. Finally, EdgeRock Capital LLC purchased a new position in shares of Vistra in the second quarter worth about $34,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Vistra Trading Up 5.5 %

Shares of NYSE:VST opened at $162.63 on Wednesday. Vistra Corp. has a 12-month low of $34.70 and a 12-month high of $168.67. The company has a market capitalization of $55.33 billion, a PE ratio of 30.34, a PEG ratio of 2.08 and a beta of 1.09. The business has a 50 day moving average of $128.54 and a two-hundred day moving average of $100.54. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68.

Vistra announced that its Board of Directors has approved a stock buyback program on Thursday, November 7th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to purchase up to 2.1% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be given 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 dividend on an annualized basis and a dividend yield of 0.54%. Vistra’s payout ratio is 16.42%.

Insider Activity

In other news, EVP Stephen J. Muscato sold 207,100 shares of the business’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 value of $33,413,514.00. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Scott A. Hudson sold 115,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $164.16, for a total value of $18,878,400.00. Following the completion of the sale, the executive vice president now owns 254,932 shares of the company’s stock, valued at $41,849,637.12. This trade represents a 31.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.42% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. UBS Group reduced their price objective on 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 price objective on Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. BNP Paribas assumed coverage on Vistra in a research note on Monday, October 14th. They issued an “outperform” rating and a $231.00 price objective for the company. Jefferies Financial Group raised their price objective on Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Finally, BMO Capital Markets raised their price objective on Vistra from $146.00 to $147.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. Ten analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $149.10.

Vistra Company 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.