Townsquare Capital LLC Increases Holdings in Vistra Corp. (NYSE:VST)

Townsquare Capital LLC has increased its stake in shares of Vistra Corp. (NYSE:VST – Free Report) by 12.9% during the third quarter, as indicated by its latest filing with the Securities and Exchange Commission (SEC). After acquiring an additional 554 shares during this period, Townsquare now owns a total of 4,838 shares in Vistra, with a total valuation of approximately $573,000.

Other institutional investors have also made adjustments to their holdings in Vistra Corp. For example, Redwood Wealth Management Group LLC established a new position in the second quarter worth $26,000. Additionally, Thurston Springer Miller Herd & Titak Inc. purchased new shares in the third quarter, valuing their stake at $30,000. CVA Family Office LLC increased its shares by a remarkable 1,505.9%, now owning 273 shares valued at $32,000 after acquiring an extra 256 shares. EdgeRock Capital LLC and ORG Wealth Partners LLC also entered new positions in Vistra, valued at $34,000 and $40,000, respectively. Impressively, hedge funds and institutional investors currently own 90.88% of Vistra's stock.

Recent Insider Transactions

In related Vistra news, executive vice president Scott A. Hudson sold 115,000 shares on November 25th at an average price of $164.16, totaling approximately $18.88 million. After this transaction, Hudson retains 254,932 shares valued around $41.85 million, reflecting a decrease of 31.09% in his holdings. Another notable sale occurred on November 22nd, when EVP Stephen J. Muscato sold 207,100 shares for about $33.41 million. Post-sale, Muscato holds 318,287 shares valued at approximately $51.35 million, which indicates a 39.42% drop in his position. Corporate insiders possess about 1.42% of the company's shares.

Analyst Ratings Overview

Several analysts have recently revised their ratings and price targets for Vistra Corp. Morgan Stanley raised its price target from $135.00 to $169.00 and assigned an "overweight" rating on November 22nd. In another report, JPMorgan Chase & Co. initiated coverage on Vistra, giving it an "overweight" rating and a target price of $178.00. BNP Paribas also started coverage with an "outperform" rating and a price target of $231.00. Jefferies Financial Group lifted its price target from $99.00 to $137.00 with a "buy" recommendation. UBS Group, on the other hand, reduced its target from $157.00 to $150.00, maintaining a "buy" rating. Overall, ten analysts have rated Vistra stock as a buy, and the current consensus rating stands at "Buy" with an average target of $149.10.

Vistra Stock Performance

As of Thursday, Vistra Corp.'s stock opened at $161.31. The company's 50-day and 200-day simple moving averages are $136.04 and $103.62, respectively. Vistra's financial metrics include a debt-to-equity ratio of 4.68, quick and current ratios of 0.99 and 1.11, respectively. The stock has experienced a one-year low of $36.17 and a one-year high of $168.67, boasting a market capitalization of $54.88 billion with a P/E ratio of 30.10.

On November 7th, Vistra's Board of Directors authorized a significant share buyback plan, allowing for the repurchase of up to $1 billion worth of outstanding shares. This move indicates management’s belief that the shares are undervalued, allowing the company to reacquire approximately 2.1% of its outstanding shares.

Vistra Increases Dividend Payout

Vistra has also declared a quarterly dividend expected to be paid on December 31st for investors on record as of December 20th. The dividend will be $0.221 per share, reflecting a slight increase from the previous quarterly dividend of $0.22, translating into an annualized payout of $0.88 and a dividend yield of 0.55%. Currently, Vistra’s dividend payout ratio (DPR) is 16.42%.

About Vistra Corp.

Vistra Corp. operates as an integrated power generation and retail electricity company through its subsidiaries. It offers electricity and natural gas to residential, commercial, and industrial customers across various regions in the United States and the District of Columbia through several operational segments, including Retail, Texas, East, West, Sunset, and Asset Closure.

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