Atria Investments Inc Cuts Stock Position in Vistra Corp. (NYSE:VST)

Atria Investments Inc cut its stake in shares of Vistra Corp. (NYSE:VST) by 16.6% in the 4th quarter, HoldingsChannel reports. The fund owned 19,243 shares of the company’s stock after selling 3,838 shares during the quarter. Atria Investments Inc’s holdings in Vistra were worth $2,653,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of VST. Farther Finance Advisors LLC boosted its holdings in Vistra by 28.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,120 shares of the company’s stock valued at $251,000 after acquiring an additional 471 shares during the period. Galvin Gaustad & Stein LLC purchased a new stake in Vistra during the 3rd quarter valued at about $238,000. Seascape Capital Management purchased a new stake in Vistra during the 3rd quarter valued at about $205,000. Bridges Investment Management Inc. purchased a new stake in Vistra during the 3rd quarter valued at about $239,000. Finally, Carmel Capital Partners LLC purchased a new stake in Vistra during the 3rd quarter valued at about $268,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Vistra

In related news, Director Scott B. Helm sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $139.77, for a total transaction of $2,795,400.00. Following the completion of the transaction, the director now owns 343,350 shares of the company’s stock, valued at $47,990,029.50. This trade represents a 5.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.42% of the company’s stock.

Vistra Stock Down 0.4 %

Shares of NYSE:VST opened at $113.96 on Friday. Vistra Corp. has a 52-week low of $57.50 and a 52-week high of $199.84. The firm has a market capitalization of $38.77 billion, a P/E ratio of 21.26, a P/E/G ratio of 1.12 and a beta of 1.21. The stock has a 50 day moving average price of $158.02 and a 200-day moving average price of $135.87. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 20th will be given a $0.2235 dividend. The ex-dividend date is Thursday, March 20th. This represents a $0.89 annualized dividend and a dividend yield of 0.78%. This is a positive change from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio is currently 12.62%.

Analysts Set New Price Targets

Several brokerages recently weighed in on VST. UBS Group increased their target price on Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Daiwa America upgraded Vistra to a “hold” rating in a report on Wednesday. Bank of America upgraded Vistra from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $164.00 to $152.00 in a report on Tuesday, March 4th. Morgan Stanley increased their price objective on Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Finally, Evercore ISI initiated coverage on Vistra in a report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Vistra currently has a consensus rating of “Moderate Buy” and an average price target of $162.83.

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.