Townsquare Capital LLC Grows Stock Holdings in Vistra Corp. (NYSE:VST)

Townsquare Capital LLC raised its position in shares of Vistra Corp. (NYSE:VST) by 12.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,838 shares of the company’s stock after buying an additional 554 shares during the period. Townsquare Capital LLC’s holdings in Vistra were worth $573,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Redwood Wealth Management Group LLC acquired a new stake in shares of Vistra in the second quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Vistra in the third quarter valued at $30,000. CVA Family Office LLC raised its stake in shares of Vistra by 1,505.9% in the third quarter. CVA Family Office LLC now owns 273 shares of the company’s stock valued at $32,000 after acquiring an additional 256 shares in the last quarter. EdgeRock Capital LLC acquired a new stake in shares of Vistra in the second quarter valued at $34,000. Finally, ORG Wealth Partners LLC acquired a new stake in shares of Vistra in the third quarter valued at $40,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Vistra news, EVP Scott A. Hudson sold 115,000 shares of Vistra stock in a transaction that occurred on Monday, November 25th. The stock was 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 owns 254,932 shares of the company’s stock, valued at approximately $41,849,637.12. The trade was a 31.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Stephen J. Muscato sold 207,100 shares of Vistra stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $161.34, for a total value of $33,413,514.00. Following the completion of the sale, the executive vice president now directly owns 318,287 shares in the company, valued at $51,352,424.58. This represents a 39.42 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.42% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on VST shares. Morgan Stanley increased their price objective on Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. JPMorgan Chase & Co. assumed coverage on Vistra in a research note on Thursday, October 17th. They issued an “overweight” rating and a $178.00 price target on the stock. BNP Paribas assumed coverage on Vistra in a research note on Monday, October 14th. They issued an “outperform” rating and a $231.00 price target on the stock. Jefferies Financial Group raised their price target on Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Finally, UBS Group cut their price target on Vistra from $157.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, October 22nd. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $149.10.

Vistra Stock Up 4.6 %

VST opened at $161.31 on Thursday. The business’s 50-day simple moving average is $136.04 and its 200-day simple moving average is $103.62. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. Vistra Corp. has a one year low of $36.17 and a one year high of $168.67. The stock has a market capitalization of $54.88 billion, a P/E ratio of 30.10, a price-to-earnings-growth ratio of 1.98 and a beta of 1.16.

Vistra announced that its Board of Directors has authorized a share buyback 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 shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be issued a dividend of $0.221 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.55%. This is a positive change from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is currently 16.42%.

Vistra 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.