Tidal Investments LLC Sells 2,016 Shares of Vistra Corp. (NYSE:VST)

Tidal Investments LLC lowered its position in shares of Vistra Corp. (NYSE:VST) by 5.3% in the third quarter, HoldingsChannel reports. The firm owned 36,381 shares of the company’s stock after selling 2,016 shares during the period. Tidal Investments LLC’s holdings in Vistra were worth $4,313,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Blankinship & Foster LLC acquired a new stake in Vistra during the 3rd quarter valued at $2,353,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Vistra during the third quarter worth $263,000. World Investment Advisors LLC acquired a new stake in shares of Vistra in the third quarter valued at $351,000. Sanctuary Advisors LLC raised its holdings in shares of Vistra by 41.9% in the third quarter. Sanctuary Advisors LLC now owns 129,237 shares of the company’s stock valued at $15,320,000 after buying an additional 38,178 shares during the last quarter. Finally, Pine Valley Investments Ltd Liability Co acquired a new position in Vistra during the 3rd quarter worth about $208,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Insider Activity at Vistra

In other news, EVP Stephen J. Muscato sold 207,100 shares of Vistra stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $161.34, for a total transaction of $33,413,514.00. Following the transaction, the executive vice president now owns 318,287 shares in the company, valued at $51,352,424.58. The trade was a 39.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 transaction, the executive vice president now owns 254,932 shares of the company’s stock, valued at $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 ninety days. Company insiders own 1.42% of the company’s stock.

Vistra Stock Down 0.1 %

Shares of Vistra stock opened at $144.94 on Friday. Vistra Corp. has a 12 month low of $37.38 and a 12 month high of $168.67. The business has a fifty day simple moving average of $139.60 and a 200 day simple moving average of $106.15. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. The stock has a market cap of $49.31 billion, a PE ratio of 27.04, a price-to-earnings-growth ratio of 1.87 and a beta of 1.16.

Vistra announced that its Board of Directors has initiated a stock buyback program on Thursday, November 7th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to buy up to 2.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be paid a $0.221 dividend. The ex-dividend date of this dividend 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 0.61%. Vistra’s dividend payout ratio is 16.42%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on VST shares. Guggenheim boosted their target price on shares of Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Morgan Stanley boosted their price objective on shares of Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. UBS Group reduced their price objective on Vistra from $157.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, October 22nd. BNP Paribas assumed coverage on Vistra in a research note on Monday, October 14th. They issued an “outperform” rating and a $231.00 target price for the company. Finally, BMO Capital Markets upped their price target on Vistra from $146.00 to $147.00 and gave the company an “outperform” rating in a research note on Tuesday, October 29th. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Vistra presently has a consensus rating of “Buy” and a consensus 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.