Greenup Street Wealth Management LLC Purchases New Shares in Vistra Corp. (NYSE:VST)

Greenup Street Wealth Management LLC bought a new stake in Vistra Corp. (NYSE:VST - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 13,869 shares of the company's stock, valued at approximately $1,629,000.

Several other institutional investors also recently modified their holdings of VST. Geode Capital Management LLC boosted its stake in Vistra by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 8,539,243 shares of the company's stock worth $1,174,326,000 after purchasing an additional 219,055 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Vistra by 63.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,260,363 shares of the company's stock valued at $863,116,000 after purchasing an additional 2,433,732 shares during the last quarter. Northern Trust Corp lifted its position in shares of Vistra by 10.9% in the fourth quarter. Northern Trust Corp now owns 3,026,484 shares of the company's stock worth $417,261,000 after purchasing an additional 296,714 shares in the last quarter. Norges Bank acquired a new position in Vistra during the fourth quarter worth $409,087,000. Finally, Castle Hook Partners LP grew its position in Vistra by 13.6% in the fourth quarter. Castle Hook Partners LP now owns 2,964,222 shares of the company's stock valued at $408,677,000 after purchasing an additional 353,949 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on VST. JPMorgan Chase & Co. decreased their price objective on Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a report on Friday, March 28th. The Goldman Sachs Group boosted their target price on shares of Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Evercore ISI set a $192.00 price target on shares of Vistra and gave the company an "outperform" rating in a research note on Thursday, May 15th. UBS Group boosted their price target on Vistra from $160.00 to $207.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, Morgan Stanley raised their price target on Vistra from $178.00 to $186.00 and gave the company an "overweight" rating in a report on Wednesday. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $176.92.

Vistra Trading Up 1.9%

Shares of NYSE VST traded up $3.42 during trading on Thursday, reaching $181.17. The company had a trading volume of 5,285,951 shares, compared to its average volume of 7,301,349. The stock has a market cap of $61.48 billion, a P/E ratio of 28.49, a PEG ratio of 2.16 and a beta of 1.22. The company's fifty day moving average price is $146.93 and its 200-day moving average price is $145.85. The company has a quick ratio of 0.77, a current ratio of 0.86 and a debt-to-equity ratio of 6.53. Vistra Corp. has a 12 month low of $66.50 and a 12 month high of $199.84.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th will be given a dividend of $0.225 per share. The ex-dividend date is Wednesday, June 18th. This represents a $0.90 dividend on an annualized basis and a yield of 0.50%. This is a boost from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio is 13.99%.

Insiders Place Their Bets

In other news, EVP Scott A. Hudson sold 56,000 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $157.00, for a total transaction of $8,792,000.00. Following the completion of the sale, the executive vice president now owns 306,600 shares in the company, valued at $48,136,200. The trade was a 15.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Carrie Lee Kirby sold 108,000 shares of Vistra stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $156.98, for a total transaction of $16,953,840.00. Following the transaction, the executive vice president now owns 218,239 shares of the company's stock, valued at $34,259,158.22. This represents a 33.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 294,000 shares of company stock worth $47,461,490. Company insiders own 1.42% of the company's stock.

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.