4,100 Shares in Vistra Corp. (NYSE:VST) Acquired by Legal Advantage Investments Inc.

Legal Advantage Investments Inc. acquired a new position in Vistra Corp. (NYSE:VST) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,100 shares of the company’s stock, valued at approximately $565,000.

Several other institutional investors and hedge funds also recently bought and sold shares of VST. State Street Corp lifted its stake in Vistra by 6.8% in the 3rd quarter. State Street Corp now owns 16,355,255 shares of the company’s stock worth $1,938,752,000 after purchasing an additional 1,037,402 shares in the last quarter. Lone Pine Capital LLC lifted its stake in Vistra by 6.6% in the 2nd quarter. Lone Pine Capital LLC now owns 6,838,007 shares of the company’s stock worth $587,932,000 after purchasing an additional 425,126 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Vistra by 51.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,826,631 shares of the company’s stock worth $453,609,000 after purchasing an additional 1,293,974 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Vistra by 36.0% during the 3rd quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company’s stock valued at $448,320,000 after buying an additional 1,000,307 shares in the last quarter. Finally, Castle Hook Partners LP raised its position in shares of Vistra by 33.5% during the 3rd quarter. Castle Hook Partners LP now owns 2,610,273 shares of the company’s stock valued at $309,422,000 after buying an additional 654,568 shares in the last quarter. 90.88% of the stock is owned by institutional investors.

Vistra Trading Down 1.7 %

Shares of VST opened at $171.10 on Tuesday. The firm’s 50-day moving average price is $152.40 and its 200-day moving average price is $117.73. The firm has a market capitalization of $58.21 billion, a price-to-earnings ratio of 31.92, a PEG ratio of 1.62 and a beta of 1.21. 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 Corp. has a 1-year low of $39.08 and a 1-year high of $178.40.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th were paid a dividend of $0.221 per share. This is a positive change 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 dividend on an annualized basis and a dividend yield of 0.52%. Vistra’s payout ratio is presently 16.60%.

Vistra declared that its board has authorized a stock repurchase plan on Thursday, November 7th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to repurchase up to 2.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Morgan Stanley raised their price objective on shares of Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. BNP Paribas started coverage on shares of Vistra in a research report on Monday, October 14th. They set an “outperform” rating and a $231.00 price objective on the stock. Jefferies Financial Group lifted their target price 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. JPMorgan Chase & Co. started coverage on shares of Vistra in a research report on Thursday, October 17th. They issued an “overweight” rating and a $178.00 target price on the stock. Finally, BMO Capital Markets lifted their target price on shares of Vistra from $146.00 to $147.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. Ten research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $151.50.

Insider Activity

In related news, EVP Stephen J. Muscato sold 207,100 shares of Vistra stock in a transaction dated 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 transaction, the executive vice president now directly owns 318,287 shares of the company’s stock, valued at $51,352,424.58. This trade represents a 39.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Scott A. Hudson sold 115,000 shares of Vistra stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $164.16, for a total transaction of $18,878,400.00. Following the completion of the transaction, the executive vice president now directly 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. In the last 90 days, insiders have sold 342,100 shares of company stock valued at $55,087,314. Corporate insiders own 1.42% of the company’s stock.

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.