AE Wealth Management LLC Boosts Holdings in Vistra Corp. (NYSE:VST)

AE Wealth Management LLC grew its holdings in Vistra Corp. (NYSE:VST - Free Report) by 4.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 115,949 shares of the company's stock after acquiring an additional 4,710 shares during the period. AE Wealth Management LLC's holdings in Vistra were worth $13,617,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in VST. Norges Bank bought a new position in shares of Vistra during the 4th quarter valued at about $409,087,000. Massachusetts Financial Services Co. MA boosted its stake in Vistra by 63.6% during 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. Capital International Investors purchased a new position in Vistra during the 4th quarter valued at approximately $286,414,000. Palidye Holdings Caymans Ltd bought a new stake in Vistra in the 4th quarter worth approximately $149,451,000. Finally, D1 Capital Partners L.P. purchased a new stake in shares of Vistra during the 4th quarter worth approximately $92,649,000. Institutional investors own 90.88% of the company's stock.

Vistra Trading Down 1.9%

Shares of NYSE VST traded down $3.85 during trading hours on Thursday, reaching $196.27. The stock had a trading volume of 4,913,991 shares, compared to its average volume of 4,842,027. Vistra Corp. has a 52-week low of $66.50 and a 52-week high of $207.12. The firm has a market cap of $66.60 billion, a price-to-earnings ratio of 30.86, a P/E/G ratio of 2.37 and a beta of 1.26. The business's fifty day moving average price is $177.90 and its two-hundred day moving average price is $153.47. The company has a current ratio of 0.86, a quick ratio of 0.77 and a debt-to-equity ratio of 6.53.

Vistra Increases Dividend

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

Analysts Set New Price Targets

VST has been the subject of several research reports. JPMorgan Chase & Co. lowered their price objective on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Morgan Stanley lifted their price target on Vistra from $178.00 to $186.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 18th. Raymond James Financial began coverage on Vistra in a research report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 price objective on the stock. UBS Group lifted their target price on Vistra from $160.00 to $207.00 and gave the stock a "buy" rating in a report on Tuesday, June 17th. Finally, The Goldman Sachs Group increased their price target on Vistra from $134.00 to $164.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $176.92.

Insider Buying and Selling at Vistra

In related news, Director John R. Sult sold 25,000 shares of Vistra stock in a transaction dated Friday, June 6th. The stock was 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 directly owned 75,946 shares in the company, valued at $13,037,649.82. The trade was a 24.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Carrie Lee Kirby sold 108,000 shares of the business's stock in a transaction dated 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 completion of the sale, the executive vice president owned 218,239 shares of the company's stock, valued at approximately $34,259,158.22. This represents a 33.10% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 294,000 shares of company stock worth $47,461,490. 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.