Principal Street Partners LLC Reduces Stake in Vistra Corp. (NYSE:VST)

Principal Street Partners LLC has reported a significant reduction in its holdings of Vistra Corp. (NYSE:VST - Free Report), cutting its position by 79.8% during the third quarter. This information was disclosed in the company's latest filing with the Securities and Exchange Commission (SEC). Following the sale of 10,068 shares during the quarter, Principal Street Partners LLC now holds 2,552 shares of Vistra, which were valued at approximately $303,000 according to the recent SEC filing.

Institutional Investors Adjust Their Holdings

In addition to Principal Street Partners, other institutional investors and hedge funds have also modified their positions in Vistra. For instance, Thurston Springer Miller Herd & Titak Inc. acquired a new stake valued at about $30,000 during the third quarter. CVA Family Office LLC made a remarkable increase of 1,505.9% in its holdings, now owning 273 shares worth around $32,000 after buying an additional 256 shares in the last quarter. Furthermore, Redwood Wealth Management Group LLC invested in Vistra during the second quarter, spending about $26,000. ORG Wealth Partners LLC also bought into Vistra during the third quarter, investing about $40,000. Additionally, Fortitude Family Office LLC increased its stake by 125%, acquiring 360 shares valued at $43,000 after purchasing another 200 shares. Notably, institutional investors collectively own 90.88% of Vistra's stock.

Insider Trading Activities

Recent insider trading activity has also been noteworthy. Executive Vice President Stephen J. Muscato sold 207,100 shares of Vistra on November 22nd at an average price of $161.34, totaling approximately $33.4 million. After this transaction, Muscato still holds 318,287 shares valued at about $51.35 million, marking a 39.42% decrease in his ownership. Similarly, EVP Scott A. Hudson sold 115,000 shares on November 25th at an average price of $164.16, which amounted to around $18.88 million. Hudson's current holdings stand at 254,932 shares worth about $41.85 million, a decline of 31.09%. Insider ownership accounts for just 1.42% of the company's stock.

Analysts' Views on Vistra

Equity analysts have recently provided their perspectives on Vistra. BMO Capital Markets raised its price target from $146.00 to $147.00, maintaining an "outperform" rating. UBS Group adjusted its target down to $150.00 but retained a "buy" rating. Guggenheim analysts increased their price target to $177.00 with a "buy" rating, while BNP Paribas initiated coverage with an "outperform" rating and a target price of $231.00. Moreover, Morgan Stanley boosted its target from $135.00 to $169.00 while assigning an "overweight" rating. Currently, ten analysts have given Vistra a buy rating, resulting in a consensus rating of "Buy" with an average target price of $149.10, according to MarketBeat data.

Vistra's Recent Financial Performance

Vistra Corp.'s stock opened at $162.63 recently. The company has experienced a 50-day simple moving average of $128.54 and a two-hundred day simple moving average of $100.54. Over the past year, Vistra's stock has fluctuated between a low of $34.70 and a high of $168.67, with a market capitalization of $55.33 billion. The company's P/E ratio stands at 30.34, with a P/E/G ratio of 1.98 and a beta of 1.09. Vistra's quick ratio is 0.99, the current ratio is 1.11, and the debt-to-equity ratio is 4.68.

In a recent strategic move, Vistra's board authorized a share repurchase plan worth $1.00 billion on November 7th. This plan enables the company to buy back up to 2.1% of its shares in the open market, often indicating that the board perceives the stock as undervalued.

Dividend Increase Announced

Vistra has also recently increased its dividend, declaring a quarterly payment scheduled for December 31st. Shareholders on record by December 20th will receive a dividend of $0.221 per share, amounting to an annualized dividend of $0.88 and a yield of 0.54%. This adjustment represents an increase from the previous quarterly dividend of $0.22. Vistra's dividend payout ratio is currently at 16.42%.

About Vistra Corp.

Vistra Corp. operates as an integrated retail electricity and power generation company, alongside its subsidiaries. The corporation functions through six segments: Retail, Texas, East, West, Sunset, and Asset Closure. Vistra supplies electricity and natural gas to various residential, commercial, and industrial customers across multiple states in the United States.

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