Lionsbridge Wealth Management LLC Makes New Investment in Vistra Corp. (NYSE:VST)

Lionsbridge Wealth Management LLC bought a new position in Vistra Corp. (NYSE:VST - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,006 shares of the company's stock, valued at approximately $277,000.

Other institutional investors have also made changes to their positions in the company. Founders Capital Management purchased a new stake in Vistra in the 4th quarter worth about $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Vistra in the third quarter worth approximately $30,000. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Vistra during the third quarter worth approximately $30,000. CVA Family Office LLC boosted 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 during the period. Finally, RPg Family Wealth Advisory LLC purchased a new position in Vistra during the third quarter valued at approximately $36,000. 90.88% of the stock is owned by hedge funds and other institutional investors.

Vistra Stock Performance

VST stock traded down $2.90 during midday trading on Monday, hitting $171.10. 8,254,135 shares of the company traded hands, compared to its average volume of 4,420,974. The business has a 50 day simple moving average of $151.89 and a 200-day simple moving average of $117.17. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. Vistra Corp. has a twelve month low of $39.08 and a twelve month high of $178.40. The stock has a market capitalization of $58.21 billion, a price-to-earnings ratio of 31.92, a price-to-earnings-growth ratio of 1.56 and a beta of 1.21.

Vistra declared that its board has approved a stock repurchase plan on Thursday, November 7th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to buy up to 2.1% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders 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 yield of 0.52%. This is a boost from Vistra's previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, December 20th. Vistra's dividend payout ratio is 16.60%.

Insider Activity

In other Vistra news, Director Scott B. Helm sold 20,000 shares of the stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $139.77, for a total value of $2,795,400.00. Following the completion of the sale, the director now directly owns 343,350 shares of the company's stock, valued at $47,990,029.50. This represents a 5.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Scott A. Hudson sold 115,000 shares of the business's 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 transaction, the executive vice president now owns 254,932 shares in the company, valued at approximately $41,849,637.12. The trade was a 31.09 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 342,100 shares of company stock valued at $55,087,314. 1.42% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on VST. Jefferies Financial Group lifted their target price on shares of Vistra from $99.00 to $137.00 and gave the company a "buy" rating in a research note on Tuesday, September 24th. Royal Bank of Canada boosted their target price on Vistra from $105.00 to $141.00 and gave the company an "outperform" rating in a research note on Thursday, October 3rd. Guggenheim upped their target price on Vistra from $133.00 to $177.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. assumed coverage on Vistra in a report on Thursday, October 17th. They set an "overweight" rating and a $178.00 price target for the company. Finally, BMO Capital Markets increased 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. Ten research analysts have rated the stock with a buy rating, According to MarketBeat.com, Vistra presently has a consensus rating of "Buy" and an average target price of $151.50.

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.