Advisor Resource Council Invests $669,000 in Vistra Corp. (NYSE:VST)

Advisor Resource Council 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 disclosure with the Securities and Exchange Commission (SEC). The fund bought 5,826 shares of the company's stock, valued at approximately $669,000.

Several other institutional investors and hedge funds have also bought and sold shares of VST. Peregrine Asset Advisers Inc. lifted its stake in shares of Vistra by 3.2% in the 4th quarter. Peregrine Asset Advisers Inc. now owns 2,064 shares of the company's stock valued at $285,000 after purchasing an additional 64 shares during the period. Paloma Partners Management Co increased its position in shares of Vistra by 1.0% during the 4th quarter. Paloma Partners Management Co now owns 8,000 shares of the company's stock worth $1,103,000 after purchasing an additional 81 shares during the last quarter. Sunbelt Securities Inc. lifted its position 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 buying an additional 98 shares during the last quarter. IHT Wealth Management LLC increased its position in shares of Vistra by 1.1% during 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. Finally, Rothschild Investment LLC increased its position in shares of Vistra by 34.2% during 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. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Vistra

In related news, Director John R. Sult sold 25,000 shares of the firm's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $171.67, for a total value of $4,291,750.00. Following the completion of the sale, the director now owns 75,946 shares in the company, valued at $13,037,649.82. This trade represents a 24.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Scott B. Helm sold 20,000 shares of the firm's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $156.80, for a total transaction of $3,136,000.00. Following the completion of the sale, the director now owns 325,192 shares of the company's stock, valued at $50,990,105.60. This trade represents a 5.79% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 294,000 shares of company stock worth $47,461,490 over the last 90 days. Company insiders own 1.42% of the company's stock.

Vistra Stock Performance

Shares of NYSE VST traded up $4.01 during mid-day trading on Friday, hitting $185.14. 6,584,340 shares of the company were exchanged, compared to its average volume of 7,255,992. Vistra Corp. has a 1-year low of $66.50 and a 1-year high of $199.84. The firm has a market cap of $62.82 billion, a price-to-earnings ratio of 29.11, a price-to-earnings-growth ratio of 2.25 and a beta of 1.22. 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 stock has a 50 day simple moving average of $149.84 and a 200-day simple moving average of $146.04.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Wednesday, June 18th will be given a $0.225 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $0.90 dividend on an annualized basis and a yield of 0.49%. This is an increase from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio (DPR) is presently 14.15%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on VST shares. Bank of America upgraded shares of Vistra from a "neutral" rating to a "buy" rating and dropped their price target for the company from $164.00 to $152.00 in a research report on Tuesday, March 4th. Morgan Stanley lifted their price objective on shares of Vistra from $178.00 to $186.00 and gave the company an "overweight" rating in a report on Wednesday. UBS Group lifted 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. Daiwa Capital Markets initiated coverage on shares of Vistra in a research note on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 price target for the company. Finally, The Goldman Sachs Group boosted their price objective on Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average 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.