AssuredPartners Investment Advisors LLC Buys New Shares in Vistra Corp. (NYSE:VST)

AssuredPartners Investment Advisors LLC purchased a new stake in Vistra Corp. (NYSE:VST - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 33,242 shares of the company's stock, valued at approximately $3,904,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Paloma Partners Management Co increased its stake in Vistra by 1.0% in the fourth quarter. Paloma Partners Management Co now owns 8,000 shares of the company's stock valued at $1,103,000 after acquiring an additional 81 shares during the last quarter. Sunbelt Securities Inc. increased its stake in Vistra by 1.6% in the fourth quarter. Sunbelt Securities Inc. now owns 6,409 shares of the company's stock valued at $898,000 after acquiring an additional 98 shares during the last quarter. IHT Wealth Management LLC increased its stake in Vistra by 1.1% in the fourth quarter. IHT Wealth Management LLC now owns 9,579 shares of the company's stock valued at $1,321,000 after acquiring an additional 106 shares during the last quarter. Rothschild Investment LLC increased its stake in Vistra by 34.2% in the fourth quarter. Rothschild Investment LLC now owns 463 shares of the company's stock valued at $64,000 after acquiring an additional 118 shares during the last quarter. Finally, EP Wealth Advisors LLC increased its stake in Vistra by 1.6% in the fourth quarter. EP Wealth Advisors LLC now owns 7,980 shares of the company's stock valued at $1,100,000 after acquiring an additional 125 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on VST shares. Daiwa America raised shares of Vistra to a "hold" rating in a research note on Wednesday, March 5th. UBS Group boosted their target price on shares of Vistra from $160.00 to $207.00 and gave the stock a "buy" rating in a research note on Tuesday, June 17th. Daiwa Capital Markets initiated coverage on shares of Vistra in a research note on Wednesday, March 5th. They set a "neutral" rating and a $120.00 target price on the stock. Morgan Stanley boosted their target price on shares of Vistra from $178.00 to $186.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 18th. Finally, Raymond James Financial initiated coverage on shares of Vistra in a research note on Friday, June 13th. They set a "strong-buy" rating and a $216.00 target price on the stock. Three equities research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $176.92.

Vistra Trading Down 0.2%

Shares of NYSE:VST traded down $0.36 during mid-day trading on Tuesday, reaching $186.19. 6,834,449 shares of the company's stock were exchanged, compared to its average volume of 7,236,989. The firm has a market capitalization of $63.18 billion, a price-to-earnings ratio of 29.28, a PEG ratio of 2.27 and a beta of 1.22. The business's fifty day moving average price is $152.73 and its 200-day moving average price is $146.50. 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 Corp. has a twelve month low of $66.50 and a twelve month high of $199.84.

Vistra Increases Dividend

The firm also recently declared 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 represents a $0.90 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend is Wednesday, June 18th. This is a positive change from Vistra's previous quarterly dividend of $0.22. Vistra's payout ratio is 14.15%.

Insider Transactions at Vistra

In other news, EVP Carrie Lee Kirby sold 108,000 shares of Vistra stock in a transaction on 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 transaction, the executive vice president now owns 218,239 shares in the company, valued at approximately $34,259,158.22. The trade was a 33.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John R. Sult sold 25,000 shares of Vistra stock in a transaction on Friday, June 6th. The stock was sold at an average price of $171.67, for a total transaction of $4,291,750.00. Following the transaction, the director now owns 75,946 shares in the company, valued at approximately $13,037,649.82. This trade represents a 24.77% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 294,000 shares of company stock worth $47,461,490. Company insiders own 1.42% of the company's stock.

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.