Impact Partnership Wealth LLC Has $575,000 Position in Vistra Corp. (NYSE:VST)

Impact Partnership Wealth LLC decreased its holdings in shares of Vistra Corp. (NYSE:VST) by 24.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,167 shares of the company’s stock after selling 1,352 shares during the period. Impact Partnership Wealth LLC’s holdings in Vistra were worth $575,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in VST. Massachusetts Financial Services Co. MA boosted its stake in shares of Vistra by 51.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,826,631 shares of the company’s stock worth $453,609,000 after buying an additional 1,293,974 shares during the last quarter. State Street Corp boosted its position in Vistra by 6.8% during the third quarter. State Street Corp now owns 16,355,255 shares of the company’s stock valued at $1,938,752,000 after purchasing an additional 1,037,402 shares during the last quarter. Janus Henderson Group PLC grew its stake in Vistra by 36.0% in the third quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company’s stock valued at $448,320,000 after purchasing an additional 1,000,307 shares in the last quarter. Rubric Capital Management LP increased its position in shares of Vistra by 60.1% during the 3rd quarter. Rubric Capital Management LP now owns 2,125,000 shares of the company’s stock worth $251,898,000 after purchasing an additional 797,894 shares during the last quarter. Finally, Artemis Investment Management LLP raised its stake in shares of Vistra by 400.9% during the 3rd quarter. Artemis Investment Management LLP now owns 827,000 shares of the company’s stock worth $98,033,000 after purchasing an additional 661,881 shares in the last quarter. Institutional investors own 90.88% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on VST. Morgan Stanley lifted their price target on Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. BNP Paribas initiated coverage on Vistra in a research note on Monday, October 14th. They issued an “outperform” rating and a $231.00 price target for the company. UBS Group raised their price objective on Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Royal Bank of Canada upped their target price on Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Finally, Guggenheim boosted their price target on Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Ten analysts have rated the stock with a buy rating, According to MarketBeat.com, Vistra has an average rating of “Buy” and an average target price of $168.20.

Vistra Trading Up 2.6 %

Shares of NYSE VST opened at $191.70 on Friday. 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 stock has a market cap of $65.22 billion, a P/E ratio of 35.76, a price-to-earnings-growth ratio of 1.77 and a beta of 1.21. The firm has a 50 day moving average price of $155.22 and a two-hundred day moving average price of $119.39. Vistra Corp. has a 52-week low of $39.13 and a 52-week high of $199.84.

Vistra (NYSE:VST) last announced its earnings results on Thursday, November 7th. The company reported $5.25 EPS for the quarter, beating the consensus estimate of $1.24 by $4.01. Vistra had a return on equity of 57.63% and a net margin of 12.51%. The company had revenue of $6.29 billion for the quarter, compared to analyst estimates of $4.96 billion. During the same quarter in the prior year, the company earned $1.25 EPS. As a group, equities analysts forecast that Vistra Corp. will post 4.48 EPS for the current year.

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 given a dividend of $0.221 per share. This is an increase 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 0.46%. Vistra’s dividend payout ratio (DPR) is 16.60%.

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 buy up to 2.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Activity at Vistra

In other Vistra news, EVP Stephen J. Muscato sold 207,100 shares of the business’s stock in a transaction 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 transaction, the executive vice president now owns 318,287 shares of the company’s stock, valued at approximately $51,352,424.58. The trade was a 39.42 % decrease in their ownership of the stock. 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 firm’s stock in a transaction 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 sale, the executive vice president now directly owns 254,932 shares of the company’s stock, valued at approximately $41,849,637.12. This represents a 31.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 342,100 shares of company stock worth $55,087,314 in the last quarter. Company 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.