Alpha Cubed Investments LLC Purchases New Shares in Vistra Corp. (NYSE:VST)

Alpha Cubed Investments 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 13F filing with the Securities & Exchange Commission. The fund bought 1,895 shares of the company's stock, valued at approximately $223,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in VST. Norges Bank acquired a new position in Vistra in the fourth quarter valued at about $409,087,000. Massachusetts Financial Services Co. MA increased its stake in shares of Vistra by 63.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,260,363 shares of the company's stock worth $863,116,000 after purchasing an additional 2,433,732 shares during the period. Capital International Investors bought a new position in shares of Vistra during the fourth quarter worth approximately $286,414,000. Appaloosa LP grew its position in Vistra by 112.5% during the fourth quarter. Appaloosa LP now owns 2,700,000 shares of the company's stock worth $372,249,000 after buying an additional 1,429,612 shares in the last quarter. Finally, Palidye Holdings Caymans Ltd acquired a new stake in shares of Vistra in the 4th quarter valued at $149,451,000. Institutional investors own 90.88% of the company's stock.

Vistra Trading Down 1.7%

Shares of VST stock opened at $190.50 on Wednesday. The company's fifty day simple moving average is $166.92 and its two-hundred day simple moving average is $149.86. The company has a debt-to-equity ratio of 6.53, a current ratio of 0.86 and a quick ratio of 0.77. Vistra Corp. has a 1 year low of $66.50 and a 1 year high of $199.84. The stock has a market capitalization of $64.64 billion, a price-to-earnings ratio of 29.95, a PEG ratio of 2.28 and a beta of 1.26.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Wednesday, June 18th were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend was Wednesday, June 18th. This is a boost from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio is currently 14.15%.

Insider Activity

In other news, EVP Stephanie Zapata Moore sold 35,000 shares of the firm's stock in a transaction dated 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 directly owned 88,073 shares of the company's stock, valued at approximately $14,218,505.12. This trade represents a 28.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Scott B. Helm sold 50,000 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $172.75, for a total transaction of $8,637,500.00. Following the sale, the director owned 255,192 shares of the company's stock, valued at approximately $44,084,418. This represents a 16.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 294,000 shares of company stock valued at $47,461,490. Company insiders own 1.42% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on VST shares. Raymond James Financial started coverage on Vistra in a report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 price objective on the stock. UBS Group boosted their price objective on Vistra from $160.00 to $207.00 and gave the company a "buy" rating in a research note on Tuesday, June 17th. The Goldman Sachs Group raised their price objective on shares of Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Morgan Stanley raised their price objective on shares of Vistra from $178.00 to $186.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 18th. Finally, JPMorgan Chase & Co. reduced 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. 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. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $176.92.

Vistra 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.

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