StoneCrest Wealth Management Inc. Takes Position in Vistra Corp. (NYSE:VST)

StoneCrest Wealth Management Inc. 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 & Exchange Commission. The fund bought 1,820 shares of the company's stock, valued at approximately $214,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in Vistra during the fourth quarter worth about $409,087,000. Massachusetts Financial Services Co. MA raised its position in Vistra by 63.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,260,363 shares of the company's stock worth $863,116,000 after acquiring an additional 2,433,732 shares during the last quarter. Capital International Investors acquired a new position in Vistra during the fourth quarter worth about $286,414,000. Raymond James Financial Inc. acquired a new position in Vistra during the fourth quarter worth about $237,441,000. Finally, Appaloosa LP raised its position in Vistra by 112.5% during the fourth quarter. Appaloosa LP now owns 2,700,000 shares of the company's stock worth $372,249,000 after acquiring an additional 1,429,612 shares during the last quarter. Hedge funds and other institutional investors own 90.88% of the company's stock.

Vistra Stock Performance

Shares of NYSE:VST traded up $2.86 on Friday, hitting $173.73. 3,296,838 shares of the company were exchanged, compared to its average volume of 7,384,623. The company's 50 day moving average price is $136.79 and its two-hundred day moving average price is $144.83. Vistra Corp. has a one year low of $66.50 and a one year high of $199.84. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. The firm has a market capitalization of $58.95 billion, a price-to-earnings ratio of 32.41, a PEG ratio of 1.12 and a beta of 1.22.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th will be issued a dividend of $0.225 per share. This is an increase from Vistra's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.90 annualized dividend and a dividend yield of 0.52%. Vistra's payout ratio is presently 14.15%.

Insider Transactions at Vistra

In other Vistra news, Director John William Pitesa bought 1,500 shares of the firm's stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average cost of $126.75 per share, for a total transaction of $190,125.00. Following the transaction, the director now owns 3,467 shares in the company, valued at approximately $439,442.25. The trade was a 76.26% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 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 sale, the executive vice president now owns 218,239 shares in the company, valued at approximately $34,259,158.22. This trade represents a 33.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 269,000 shares of company stock worth $43,169,740. 1.42% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

VST has been the subject of a number of research reports. The Goldman Sachs Group lifted their target price on shares of Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Evercore ISI set a $192.00 target price on shares of Vistra and gave the stock an "outperform" rating in a research report on Thursday, May 15th. JPMorgan Chase & Co. cut their target price on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Bank of America upgraded shares of Vistra from a "neutral" rating to a "buy" rating and cut their target price for the stock from $164.00 to $152.00 in a research report on Tuesday, March 4th. Finally, Daiwa Capital Markets began coverage on shares of Vistra in a research report on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $169.08.

About 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.