IronBridge Private Wealth LLC Invests $236,000 in Vistra Corp. (NYSE:VST)

IronBridge Private Wealth LLC bought a new stake in Vistra Corp. (NYSE:VST) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,990 shares of the company’s stock, valued at approximately $236,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Redwood Wealth Management Group LLC bought a new position in Vistra in the second quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Vistra in the 3rd quarter valued at approximately $30,000. Mark Sheptoff Financial Planning LLC purchased a new position in shares of Vistra during the 3rd quarter worth about $30,000. CVA Family Office LLC increased its holdings in Vistra by 1,505.9% in the 3rd quarter. CVA Family Office LLC now owns 273 shares of the company’s stock valued at $32,000 after purchasing an additional 256 shares in the last quarter. Finally, EdgeRock Capital LLC acquired a new position in shares of Vistra in the 2nd quarter valued at approximately $34,000. 90.88% of the stock is currently owned by institutional investors.

Vistra Stock Performance

Shares of VST opened at $154.16 on Tuesday. Vistra Corp. has a one year low of $35.99 and a one year high of $168.67. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. The company has a market cap of $52.45 billion, a PE ratio of 28.76, a price-to-earnings-growth ratio of 2.05 and a beta of 1.16. The firm has a 50-day moving average of $134.36 and a 200-day moving average of $102.80.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be given a dividend of $0.221 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.57%. This is an increase from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, December 20th. Vistra’s dividend payout ratio (DPR) is presently 16.42%.

Vistra declared that its Board of Directors has approved a share repurchase program on Thursday, November 7th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to repurchase up to 2.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

VST has been the subject of several recent research reports. BNP Paribas initiated coverage on shares of Vistra in a research note on Monday, October 14th. They set an “outperform” rating and a $231.00 target price for the company. Morgan Stanley raised their target price on shares of Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Guggenheim raised their target price on shares of Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. began coverage on shares of Vistra in a research report on Thursday, October 17th. They issued an “overweight” rating and a $178.00 price target for the company. Finally, Royal Bank of Canada increased their price target on Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Vistra currently has an average rating of “Buy” and a consensus price target of $149.10.

Insider Activity

In other Vistra news, EVP Stephen J. Muscato sold 207,100 shares of the firm’s stock in a transaction that occurred on 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 sale, the executive vice president now owns 318,287 shares in the company, valued at approximately $51,352,424.58. This trade represents a 39.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Scott A. Hudson sold 115,000 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $164.16, for a total transaction of $18,878,400.00. Following the transaction, the executive vice president now owns 254,932 shares in the company, valued at $41,849,637.12. The trade was a 31.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.42% of the stock is owned by company insiders.

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.