Arkadios Wealth Advisors Decreases Stock Position in Vistra Corp. (NYSE:VST)

Arkadios Wealth Advisors reduced its position in shares of Vistra Corp. (NYSE:VST) by 62.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,153 shares of the company’s stock after selling 3,614 shares during the period. Arkadios Wealth Advisors’ holdings in Vistra were worth $297,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Founders Capital Management acquired a new stake in shares of Vistra in the fourth quarter valued at approximately $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Vistra in the third quarter valued at approximately $30,000. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Vistra in the third quarter valued at about $30,000. CVA Family Office LLC grew its holdings in shares of Vistra by 1,505.9% in the 3rd quarter. CVA Family Office LLC now owns 273 shares of the company’s stock worth $32,000 after acquiring an additional 256 shares during the period. Finally, RPg Family Wealth Advisory LLC acquired a new position in shares of Vistra during the 3rd quarter worth $36,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Evercore ISI assumed coverage on Vistra in a research report on Tuesday. They set an “outperform” rating and a $202.00 price objective for the company. Royal Bank of Canada boosted their price target on Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Guggenheim increased their price objective on Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Morgan Stanley boosted 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. Finally, BMO Capital Markets raised their price target on shares of Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research note on Wednesday. Ten research analysts have rated the stock with a buy rating, According to MarketBeat.com, Vistra presently has a consensus rating of “Buy” and a consensus target price of $168.20.

Vistra Stock Up 2.6 %

VST opened at $191.70 on Friday. Vistra Corp. has a 12 month low of $39.13 and a 12 month high of $199.84. The business has a 50-day moving average of $155.22 and a two-hundred day moving average of $119.39. 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 stock has a market capitalization of $65.22 billion, a price-to-earnings ratio of 35.76, a price-to-earnings-growth ratio of 1.76 and a beta of 1.21.

Vistra (NYSE:VST) last released its earnings results on Thursday, November 7th. The company reported $5.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $4.01. The firm had revenue of $6.29 billion during the quarter, compared to the consensus estimate of $4.96 billion. Vistra had a net margin of 12.51% and a return on equity of 57.63%. During the same period in the previous year, the firm earned $1.25 earnings per share. On average, research analysts expect that Vistra Corp. will post 4.48 earnings per share for the current year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th were issued a dividend of $0.221 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.46%. This is an increase from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, December 20th. Vistra’s dividend payout ratio is presently 16.60%.

Vistra announced that its Board of Directors has authorized 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 shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In other news, Director Scott B. Helm sold 20,000 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $139.77, for a total transaction of $2,795,400.00. Following the completion of the sale, the director now owns 343,350 shares in the company, valued at approximately $47,990,029.50. The trade was a 5.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Scott A. Hudson sold 115,000 shares of the firm’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 transaction of $18,878,400.00. Following the completion of 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 342,100 shares of company stock valued at $55,087,314. 1.42% of the stock is currently owned by company insiders.

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.