PDS Planning Inc Makes New $202,000 Investment in Vistra Corp. (NYSE:VST)

PDS Planning Inc acquired a new stake in shares of Vistra Corp. (NYSE:VST - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,718 shares of the company's stock, valued at approximately $202,000.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Vistra in the fourth quarter worth about $409,087,000. Massachusetts Financial Services Co. MA increased its position 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 worth $863,116,000 after purchasing an additional 2,433,732 shares during the last quarter. Capital International Investors bought a new position in shares of Vistra in the fourth quarter worth approximately $286,414,000. Raymond James Financial Inc. bought a new position in shares of Vistra in the fourth quarter worth approximately $237,441,000. Finally, Appaloosa LP increased its position in shares of Vistra by 112.5% in the fourth quarter. Appaloosa LP now owns 2,700,000 shares of the company's stock worth $372,249,000 after purchasing an additional 1,429,612 shares during the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Vistra

In other news, Director Scott B. Helm sold 20,000 shares of Vistra stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $156.80, for a total value of $3,136,000.00. Following the completion of the transaction, the director now owns 325,192 shares of the company's stock, valued at $50,990,105.60. The trade was a 5.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Carrie Lee Kirby sold 108,000 shares of the stock in a transaction on Monday, May 19th. The shares were sold at an average price of $156.98, for a total value of $16,953,840.00. Following the sale, the executive vice president now owns 218,239 shares in the company, valued at approximately $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. Over the last 90 days, insiders sold 294,000 shares of company stock valued at $47,461,490. 1.42% of the stock is currently owned by company insiders.

Vistra Trading Up 2.6%

VST stock traded up $4.98 on Friday, reaching $195.38. The company's stock had a trading volume of 8,887,881 shares, compared to its average volume of 7,187,770. The business has a fifty day simple moving average of $157.24 and a two-hundred day simple moving average of $147.45. Vistra Corp. has a 12-month low of $66.50 and a 12-month high of $199.84. The firm has a market cap of $66.30 billion, a PE ratio of 30.72, a PEG ratio of 2.30 and a beta of 1.22. The company has a debt-to-equity ratio of 6.53, a quick ratio of 0.77 and a current ratio of 0.86.

Vistra Increases Dividend

The company also recently disclosed 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 of this dividend is Wednesday, June 18th. This represents a $0.90 annualized dividend and a yield of 0.46%. This is a positive change from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio (DPR) is currently 14.15%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on VST. Evercore ISI set a $192.00 price objective on shares of Vistra and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Daiwa America upgraded shares of Vistra to a "hold" rating in a research report on Wednesday, March 5th. Raymond James Financial started coverage on shares of Vistra in a research report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 price target on the stock. JPMorgan Chase & Co. cut their target price on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. Finally, Morgan Stanley raised their target price on shares of Vistra from $178.00 to $186.00 and gave the stock an "overweight" rating in a report on Wednesday, June 18th. Three investment 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 stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $176.92.

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.