Segment Wealth Management LLC Has $611,000 Stake in Vistra Corp. (NYSE:VST)

Segment Wealth Management LLC boosted its holdings in Vistra Corp. (NYSE:VST) by 35.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,435 shares of the company’s stock after buying an additional 1,150 shares during the period. Segment Wealth Management LLC’s holdings in Vistra were worth $611,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of VST. Legal Advantage Investments Inc. bought a new position in shares of Vistra in the 4th quarter worth $565,000. Ballentine Partners LLC boosted its holdings in Vistra by 8.3% during the fourth quarter. Ballentine Partners LLC now owns 2,786 shares of the company’s stock worth $384,000 after buying an additional 213 shares during the last quarter. Lionsbridge Wealth Management LLC acquired a new position in shares of Vistra during the 4th quarter worth about $277,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of Vistra by 56.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 967 shares of the company’s stock valued at $133,000 after acquiring an additional 350 shares during the last quarter. Finally, UMB Bank n.a. raised its position in shares of Vistra by 116.9% in the 4th quarter. UMB Bank n.a. now owns 898 shares of the company’s stock valued at $124,000 after acquiring an additional 484 shares during the period. Institutional investors and hedge funds own 90.88% of the company’s stock.

Insider Activity at Vistra

In related news, 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 transaction, the director now directly owns 343,350 shares in the company, valued at approximately $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 accessible through this hyperlink. Also, EVP Stephen J. Muscato sold 207,100 shares of the 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 sale, the executive vice president now owns 318,287 shares of the company’s stock, valued at approximately $51,352,424.58. This represents a 39.42 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 342,100 shares of company stock valued at $55,087,314. 1.42% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on VST. Jefferies Financial Group boosted their price objective on shares of Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Royal Bank of Canada upped their price objective on shares of Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. UBS Group lifted their target price on Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Guggenheim increased their price target on Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. began coverage on Vistra in a report on Thursday, October 17th. They set an “overweight” rating and a $178.00 price objective on the stock. Ten research analysts have rated the stock with a buy rating, According to MarketBeat, Vistra presently has a consensus rating of “Buy” and an average target price of $151.50.

Vistra Trading Down 1.7 %

NYSE:VST opened at $171.10 on Tuesday. The company has a market cap of $58.21 billion, a P/E ratio of 31.92, a price-to-earnings-growth ratio of 1.62 and a beta of 1.21. Vistra Corp. has a twelve month low of $39.08 and a twelve month high of $178.40. The business has a 50 day moving average price of $152.40 and a two-hundred day moving average price of $117.73. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68.

Vistra announced that its board has initiated a stock repurchase plan on Thursday, November 7th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 2.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership 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 issued a $0.221 dividend. This is a boost from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.88 annualized dividend and a dividend yield of 0.52%. Vistra’s dividend payout ratio (DPR) is presently 16.60%.

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.