Chevy Chase Trust Holdings LLC Purchases 5,904 Shares of Vistra Corp. (NYSE:VST)

Chevy Chase Trust Holdings LLC increased its position in shares of Vistra Corp. (NYSE:VST) by 3.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 184,354 shares of the company’s stock after acquiring an additional 5,904 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Vistra were worth $21,853,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of VST. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of Vistra in the third quarter worth $30,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Vistra during the 3rd quarter valued at about $30,000. CVA Family Office LLC grew its holdings in shares of Vistra by 1,505.9% during the third quarter. CVA Family Office LLC now owns 273 shares of the company’s stock worth $32,000 after purchasing an additional 256 shares in the last quarter. RPg Family Wealth Advisory LLC bought a new position in shares of Vistra in the third quarter worth approximately $36,000. Finally, Redwood Wealth Management Group LLC purchased a new stake in Vistra in the second quarter valued at approximately $26,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Vistra Stock Performance

NYSE:VST opened at $154.16 on Wednesday. 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 price-to-earnings ratio of 28.76, a PEG ratio of 1.98 and a beta of 1.16. Vistra Corp. has a 1 year low of $35.99 and a 1 year high of $168.67. The stock’s 50 day simple moving average is $135.20 and its two-hundred day simple moving average is $103.22.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be paid a dividend of $0.221 per share. This represents a $0.88 annualized dividend and a yield of 0.57%. This is a positive change from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, December 20th. Vistra’s payout ratio is presently 16.42%.

Vistra announced that its board has approved a share buyback plan on Thursday, November 7th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to reacquire up to 2.1% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

VST has been the subject of a number of research reports. Jefferies Financial Group upped their price objective on Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. BMO Capital Markets lifted their price objective on Vistra from $146.00 to $147.00 and gave the stock an “outperform” rating in a report on Tuesday, October 29th. UBS Group dropped their target price on Vistra from $157.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, October 22nd. JPMorgan Chase & Co. assumed coverage on shares of Vistra in a report on Thursday, October 17th. They issued an “overweight” rating and a $178.00 target price on the stock. Finally, BNP Paribas assumed coverage on shares of Vistra in a report on Monday, October 14th. They set an “outperform” rating and a $231.00 price target for the company. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat, Vistra has a consensus rating of “Buy” and a consensus price target of $149.10.

Insider Buying and Selling at Vistra

In other news, 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 transaction of $33,413,514.00. Following the completion of the sale, 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 legal filing with the SEC, which is accessible through this link. Also, EVP Scott A. Hudson sold 115,000 shares of the company’s stock in a transaction 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 completion of the sale, 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. 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.