Strategy Asset Managers LLC Boosts Stake in Vistra Corp. (NYSE:VST)

Strategy Asset Managers LLC lifted its holdings in shares of Vistra Corp. (NYSE:VST) by 2.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,949 shares of the company’s stock after purchasing an additional 162 shares during the quarter. Strategy Asset Managers LLC’s holdings in Vistra were worth $1,096,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kingsview Wealth Management LLC increased its position in shares of Vistra by 12.2% during the third quarter. Kingsview Wealth Management LLC now owns 3,490 shares of the company’s stock valued at $414,000 after acquiring an additional 379 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Vistra in the third quarter valued at approximately $222,000. The Manufacturers Life Insurance Company lifted its stake in Vistra by 3.9% during the third quarter. The Manufacturers Life Insurance Company now owns 228,569 shares of the company’s stock worth $27,095,000 after purchasing an additional 8,647 shares in the last quarter. Brooklyn Investment Group purchased a new position in shares of Vistra during the third quarter worth $95,000. Finally, Townsquare Capital LLC grew its stake in shares of Vistra by 12.9% in the third quarter. Townsquare Capital LLC now owns 4,838 shares of the company’s stock valued at $573,000 after buying an additional 554 shares in the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on VST shares. Daiwa Capital Markets assumed coverage on Vistra in a report on Wednesday, March 5th. They set a “neutral” rating and a $120.00 target price for the company. UBS Group lifted their price objective on shares of Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a report on Friday, January 3rd. BMO Capital Markets increased their target price on shares of Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Bank of America upgraded shares of Vistra from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $164.00 to $152.00 in a research note on Tuesday, March 4th. Finally, Evercore ISI initiated coverage on Vistra in a research note on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $163.50.

Vistra Stock Down 0.2 %

Vistra stock opened at $119.05 on Friday. The stock’s fifty day moving average is $147.39 and its two-hundred day moving average is $139.96. The stock has a market cap of $40.49 billion, a PE ratio of 22.21, a P/E/G ratio of 1.12 and a beta of 1.21. Vistra Corp. has a 1-year low of $64.26 and a 1-year high of $199.84. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 20th will be issued a $0.2235 dividend. This represents a $0.89 dividend on an annualized basis and a yield of 0.75%. This is an increase from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, March 20th. Vistra’s dividend payout ratio is 12.62%.

Insider Buying and Selling at Vistra

In related news, Director John William Pitesa acquired 1,500 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was bought at an average price of $126.75 per share, for a total transaction of $190,125.00. Following the completion of the purchase, the director now directly owns 3,467 shares of the company’s stock, valued at approximately $439,442.25. The trade was a 76.26 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Paul M. Barbas sold 24,136 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $124.19, for a total value of $2,997,449.84. Following the transaction, the director now directly owns 51,063 shares in the company, valued at approximately $6,341,513.97. The trade was a 32.10 % decrease in their position. The disclosure for this sale can be found here. 1.42% of the stock is currently owned by insiders.

Vistra 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.