Wealth Advisory Solutions LLC Acquires New Position in Vistra Corp. (NYSE:VST)

Wealth Advisory Solutions LLC bought a new stake in shares of Vistra Corp. (NYSE:VST - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,810 shares of the company's stock, valued at approximately $330,000.

Other large investors also recently added to or reduced their stakes in the company. Tucker Asset Management LLC acquired a new position in Vistra during the 4th quarter valued at about $28,000. HM Payson & Co. boosted its position in shares of Vistra by 275.4% in the 1st quarter. HM Payson & Co. now owns 229 shares of the company's stock worth $27,000 after purchasing an additional 168 shares during the last quarter. Ameriflex Group Inc. bought a new position in shares of Vistra in the 4th quarter worth $32,000. Whittier Trust Co. boosted its position in shares of Vistra by 1,611.8% in the 4th quarter. Whittier Trust Co. now owns 291 shares of the company's stock worth $40,000 after purchasing an additional 274 shares during the last quarter. Finally, Opal Wealth Advisors LLC bought a new position in shares of Vistra in the 1st quarter worth $46,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on VST. The Goldman Sachs Group raised their price target on Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. UBS Group boosted their price objective on shares of Vistra from $160.00 to $207.00 and gave the company a "buy" rating in a report on Tuesday, June 17th. Raymond James Financial initiated coverage on shares of Vistra in a report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 price objective for the company. Evercore ISI set a $192.00 price target on Vistra and gave the stock an "outperform" rating in a report on Thursday, May 15th. Finally, Morgan Stanley increased their price target on Vistra from $178.00 to $186.00 and gave the stock an "overweight" rating in a report on Wednesday, June 18th. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Vistra has an average rating of "Moderate Buy" and an average target price of $176.92.

Insider Activity

In other news, Director Scott B. Helm sold 50,000 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $172.75, for a total value of $8,637,500.00. Following the transaction, the director directly owned 255,192 shares of the company's stock, valued at $44,084,418. This represents a 16.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Stephanie Zapata Moore sold 35,000 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $161.44, for a total value of $5,650,400.00. Following the sale, the executive vice president directly owned 88,073 shares in the company, valued at approximately $14,218,505.12. This trade represents a 28.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 294,000 shares of company stock valued at $47,461,490. 1.42% of the stock is owned by insiders.

Vistra Stock Down 0.5%

Shares of NYSE:VST traded down $1.01 during midday trading on Thursday, hitting $196.00. The stock had a trading volume of 4,357,943 shares, compared to its average volume of 7,176,394. Vistra Corp. has a 12 month low of $66.50 and a 12 month high of $200.25. The company has a quick ratio of 0.77, a current ratio of 0.86 and a debt-to-equity ratio of 6.53. The business's 50-day simple moving average is $169.44 and its 200-day simple moving average is $150.57. The company has a market cap of $66.51 billion, a P/E ratio of 30.82, a PEG ratio of 2.32 and a beta of 1.26.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th were given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend was Wednesday, June 18th. This is an increase from Vistra's previous quarterly dividend of $0.22. Vistra's payout ratio is 14.15%.

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.