Anchor Pointe Wealth Management LLC Makes New $271,000 Investment in Vistra Corp. (NYSE:VST)

Anchor Pointe Wealth Management LLC acquired a new stake in Vistra Corp. (NYSE:VST - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,937 shares of the company's stock, valued at approximately $271,000.

Several other hedge funds also recently added to or reduced their stakes in VST. Geode Capital Management LLC increased its position in shares of Vistra by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 8,539,243 shares of the company's stock worth $1,174,326,000 after acquiring an additional 219,055 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in 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 buying an additional 2,433,732 shares during the last quarter. Northern Trust Corp increased its stake 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 valued at $417,261,000 after purchasing an additional 296,714 shares during the period. Norges Bank acquired a new stake in shares of Vistra in the fourth quarter valued at approximately $409,087,000. Finally, Castle Hook Partners LP boosted its position in shares of Vistra by 13.6% during the fourth quarter. Castle Hook Partners LP now owns 2,964,222 shares of the company's stock worth $408,677,000 after buying an additional 353,949 shares during the period. 90.88% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Scott A. Hudson sold 56,000 shares of the business's stock in a transaction dated 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 transaction, the executive vice president now owns 306,600 shares of the company's stock, valued at approximately $48,136,200. The trade was a 15.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Carrie Lee Kirby sold 108,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 218,239 shares in the company, valued at $34,259,158.22. This trade represents a 33.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold 243,136 shares of company stock valued at $37,529,690 over the last quarter. Insiders own 1.42% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on VST. UBS Group boosted their price objective on Vistra from $154.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Evercore ISI set a $192.00 price objective on Vistra and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Daiwa Capital Markets began coverage on Vistra in a research report on Wednesday, March 5th. They set a "neutral" rating and a $120.00 price objective for the company. Bank of America upgraded Vistra from a "neutral" rating to a "buy" rating and reduced their price objective for the stock from $164.00 to $152.00 in a research report on Tuesday, March 4th. Finally, Daiwa America upgraded Vistra to a "hold" rating in a research report on Wednesday, March 5th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, Vistra presently has a consensus rating of "Moderate Buy" and an average price target of $169.08.

Vistra Price Performance

Shares of NYSE VST traded up $0.61 during trading on Friday, hitting $160.34. The company had a trading volume of 5,295,934 shares, compared to its average volume of 7,505,221. The business's 50-day moving average is $131.04 and its 200 day moving average is $143.97. 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 Corp. has a 52 week low of $66.50 and a 52 week high of $199.84. The company has a market cap of $54.41 billion, a P/E ratio of 29.91, a PEG ratio of 1.12 and a beta of 1.16.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th will be paid a $0.225 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This is an increase from Vistra's previous quarterly dividend of $0.22. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.56%. Vistra's dividend payout ratio is 14.15%.

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.