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

Wealth Advisory Solutions LLC bought a new position in shares of Vistra Corp. (NYSE:VST - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,810 shares of the company's stock, valued at approximately $330,000.

Other large investors have also recently bought and sold shares of the company. Amalgamated Bank increased its holdings in shares of Vistra by 1.9% in the 1st quarter. Amalgamated Bank now owns 73,908 shares of the company's stock valued at $8,680,000 after acquiring an additional 1,387 shares during the last quarter. Kingswood Wealth Advisors LLC purchased a new position in Vistra in the first quarter valued at approximately $341,000. Dynamic Advisor Solutions LLC acquired a new stake in Vistra during the first quarter worth approximately $432,000. Wealthcare Advisory Partners LLC lifted its position in shares of Vistra by 12.9% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 1,955 shares of the company's stock worth $230,000 after buying an additional 224 shares during the last quarter. Finally, Golden State Wealth Management LLC boosted its holdings in shares of Vistra by 2,540.0% in the 1st quarter. Golden State Wealth Management LLC now owns 396 shares of the company's stock valued at $47,000 after buying an additional 381 shares in the last quarter. Hedge funds and other institutional investors own 90.88% of the company's stock.

Insider Buying and Selling at Vistra

In related news, EVP Stephanie Zapata Moore sold 35,000 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $161.44, for a total transaction of $5,650,400.00. Following the transaction, the executive vice president owned 88,073 shares of the company's stock, valued at $14,218,505.12. This represents a 28.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Scott B. Helm sold 50,000 shares of the firm's stock in a transaction on 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 completion of the sale, the director directly owned 255,192 shares of the company's stock, valued at approximately $44,084,418. This trade represents a 16.38% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 294,000 shares of company stock worth $47,461,490. 1.42% of the stock is currently owned by company insiders.

Vistra Stock Performance

Shares of NYSE VST traded up $0.70 during mid-day trading on Friday, hitting $196.48. 3,712,766 shares of the company were exchanged, compared to its average volume of 7,162,599. The stock has a 50 day simple moving average of $169.44 and a 200-day simple moving average of $150.57. Vistra Corp. has a 1-year low of $66.50 and a 1-year 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 firm has a market cap of $66.67 billion, a price-to-earnings ratio of 30.89, a price-to-earnings-growth ratio of 2.32 and a beta of 1.26.

Vistra Increases Dividend

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on VST shares. UBS Group boosted their price target on shares of Vistra from $160.00 to $207.00 and gave the company a "buy" rating in a research report on Tuesday, June 17th. JPMorgan Chase & Co. reduced their target price on Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a report on Friday, March 28th. Morgan Stanley raised their price target on Vistra from $178.00 to $186.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 18th. Evercore ISI set a $192.00 price objective on Vistra and gave the company an "outperform" rating in a research note on Thursday, May 15th. Finally, Raymond James Financial began coverage on Vistra in a report on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 price objective for the company. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $176.92.

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.