CHURCHILL MANAGEMENT Corp Purchases New Holdings in Vistra Corp. (NYSE:VST)

CHURCHILL MANAGEMENT Corp purchased a new position in Vistra Corp. (NYSE:VST) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 78,819 shares of the company’s stock, valued at approximately $10,867,000.

A number of other institutional investors have also recently made changes to their positions in VST. Moseley Investment Management Inc. bought a new stake in Vistra during the 4th quarter worth approximately $248,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Vistra by 541.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,635 shares of the company’s stock valued at $225,000 after acquiring an additional 1,380 shares during the last quarter. Park Avenue Securities LLC lifted its stake in shares of Vistra by 42.8% in the 4th quarter. Park Avenue Securities LLC now owns 13,641 shares of the company’s stock valued at $1,881,000 after purchasing an additional 4,091 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in Vistra during the fourth quarter valued at $27,531,000. Finally, Fifth Third Wealth Advisors LLC boosted its stake in shares of Vistra by 4.4% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 2,913 shares of the company’s stock worth $402,000 after purchasing an additional 122 shares during the period. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Insider Activity

In other 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 directly owns 343,350 shares of the company’s stock, valued at approximately $47,990,029.50. The trade was a 5.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Scott A. Hudson sold 115,000 shares of the company’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 completion of the sale, the executive vice president now owns 254,932 shares of the company’s stock, valued at approximately $41,849,637.12. This trade represents a 31.09 % decrease in their position. 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 company insiders.

Vistra Stock Performance

NYSE:VST opened at $169.18 on Thursday. Vistra Corp. has a fifty-two week low of $38.95 and a fifty-two week high of $178.08. 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 company has a 50 day moving average price of $150.55 and a 200 day moving average price of $115.81. The stock has a market capitalization of $57.56 billion, a P/E ratio of 31.56, a PEG ratio of 1.56 and a beta of 1.21.

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

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th were paid a $0.221 dividend. This is a boost from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a dividend yield of 0.52%. The ex-dividend date was Friday, December 20th. Vistra’s dividend payout ratio (DPR) is presently 16.60%.

Analyst Ratings Changes

VST has been the topic of a number of research analyst reports. BMO Capital Markets upped their target price on shares of Vistra from $146.00 to $147.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. UBS Group lifted their target price on Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. JPMorgan Chase & Co. initiated coverage on shares of Vistra in a report on Thursday, October 17th. They set an “overweight” rating and a $178.00 target price on the stock. Morgan Stanley lifted their price target on Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Finally, Jefferies Financial Group lifted their price objective on shares of Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Vistra has an average rating of “Buy” and a consensus target price of $151.50.

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.