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Vistra Corp. (NYSE:VST) Shares Sold by Stifel Financial Corp


Vistra Corp. (NYSE:VST) Shares Sold by Stifel Financial Corp

Stifel Financial Corp cut its holdings in Vistra Corp. (NYSE:VST - Free Report) by 34.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 69,053 shares of the company's stock after selling 36,427 shares during the period. Stifel Financial Corp's holdings in Vistra were worth $8,186,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Redwood Wealth Management Group LLC purchased a new stake in Vistra in the second quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Vistra in the 3rd quarter valued at $30,000. Mark Sheptoff Financial Planning LLC acquired a new position in Vistra during the 3rd quarter worth about $30,000. CVA Family Office LLC boosted its holdings in Vistra by 1,505.9% during the 3rd quarter. CVA Family Office LLC now owns 273 shares of the company's stock valued at $32,000 after acquiring an additional 256 shares during the period. Finally, EdgeRock Capital LLC purchased a new position in Vistra during the 2nd quarter valued at about $34,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Vistra stock opened at $145.13 on Friday. The stock has a 50 day moving average of $139.47 and a two-hundred day moving average of $105.85. Vistra Corp. has a twelve month low of $37.31 and a twelve month high of $168.67. The stock has a market capitalization of $49.38 billion, a price-to-earnings ratio of 27.08, a PEG ratio of 2.05 and a beta of 1.16. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68.

Vistra declared that its board has approved a share repurchase program on Thursday, November 7th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 2.1% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board of directors believes its stock is undervalued.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be given a dividend of $0.221 per share. This is a positive change from Vistra's previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend is Friday, December 20th. Vistra's dividend payout ratio is presently 16.42%.

In related news, EVP Scott A. Hudson sold 115,000 shares of the stock in a transaction on 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 sale, the executive vice president now owns 254,932 shares of the company's stock, valued at $41,849,637.12. This trade represents a 31.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Scott B. Helm sold 20,000 shares of the company's stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $139.77, for a total transaction of $2,795,400.00. Following the transaction, the director now directly owns 343,350 shares in the company, valued at $47,990,029.50. The trade was a 5.50 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 342,100 shares of company stock valued at $55,087,314. Corporate insiders own 1.42% of the company's stock.

Several analysts have recently issued reports on VST shares. Royal Bank of Canada increased their price target on shares of Vistra from $105.00 to $141.00 and gave the stock an "outperform" rating in a research report on Thursday, October 3rd. BNP Paribas assumed coverage on shares of Vistra in a report on Monday, October 14th. They set an "outperform" rating and a $231.00 target price on the stock. BMO Capital Markets boosted their price target on shares of Vistra from $146.00 to $147.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 29th. 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. Finally, Jefferies Financial Group boosted their target price on Vistra from $99.00 to $137.00 and gave the stock a "buy" rating in a research note on Tuesday, September 24th. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $149.10.

Read Our Latest Stock Analysis on Vistra

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.

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