Allworth Financial LP Has $199,000 Stock Holdings in Vistra Corp. (NYSE:VST)

Allworth Financial LP lessened its position in shares of Vistra Corp. (NYSE:VST) by 4.9% during the 4th quarter, HoldingsChannel reports. The fund owned 1,442 shares of the company’s stock after selling 75 shares during the quarter. Allworth Financial LP’s holdings in Vistra were worth $199,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Avior Wealth Management LLC lifted its stake in shares of Vistra by 56.5% during the fourth quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock valued at $25,000 after acquiring an additional 65 shares during the period. Galvin Gaustad & Stein LLC lifted its stake in shares of Vistra by 3.6% during the fourth quarter. Galvin Gaustad & Stein LLC now owns 2,077 shares of the company’s stock valued at $286,000 after acquiring an additional 73 shares during the period. Forum Financial Management LP lifted its stake in shares of Vistra by 0.7% during the third quarter. Forum Financial Management LP now owns 11,527 shares of the company’s stock valued at $1,366,000 after acquiring an additional 80 shares during the period. Umpqua Bank lifted its stake in Vistra by 2.2% in the third quarter. Umpqua Bank now owns 3,780 shares of the company’s stock valued at $448,000 after buying an additional 81 shares during the period. Finally, OneDigital Investment Advisors LLC lifted its stake in Vistra by 3.0% in the third quarter. OneDigital Investment Advisors LLC now owns 2,809 shares of the company’s stock valued at $333,000 after buying an additional 81 shares during the period. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Stock Down 7.8 %

Shares of Vistra stock opened at $150.51 on Friday. Vistra Corp. has a 1 year low of $46.18 and a 1 year high of $199.84. The business has a 50-day moving average of $160.19 and a two-hundred day moving average of $132.33. The company has a market capitalization of $51.21 billion, a P/E ratio of 28.08, a price-to-earnings-growth ratio of 1.12 and a beta of 1.22. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 20th will be issued a dividend of $0.2235 per share. This is an increase from Vistra’s previous quarterly dividend of $0.22. This represents a $0.89 dividend on an annualized basis and a dividend yield of 0.59%. Vistra’s dividend payout ratio (DPR) is presently 16.60%.

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Bank of America assumed coverage on Vistra in a research note on Monday, January 27th. They issued a “neutral” rating and a $206.00 target price on the stock. Morgan Stanley increased their target price on Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. UBS Group increased their target price on Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. BMO Capital Markets increased their target price on Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Finally, Evercore ISI initiated coverage on Vistra in a research note on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $171.64.

Insider Buying and Selling

In related news, EVP Scott A. Hudson sold 115,000 shares of the 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 in the company, valued at approximately $41,849,637.12. This trade represents a 31.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Scott B. Helm sold 20,000 shares of the 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 transaction, the director now 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 ownership of the stock. The disclosure for this sale can be found here. 1.42% of the stock is owned by corporate insiders.

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.