Alta Capital Management LLC Takes Position in Vistra Corp. (NYSE:VST)

Alta Capital Management LLC acquired a new position in shares of Vistra Corp. (NYSE:VST - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 49,938 shares of the company's stock, valued at approximately $5,865,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Tucker Asset Management LLC purchased a new position in Vistra during the 4th quarter worth approximately $28,000. Cherry Tree Wealth Management LLC boosted its holdings in shares of Vistra by 2,030.0% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 213 shares of the company's stock valued at $29,000 after acquiring an additional 203 shares during the period. Ameriflex Group Inc. purchased a new position in shares of Vistra during the fourth quarter worth approximately $32,000. Whipplewood Advisors LLC purchased a new position in shares of Vistra during the fourth quarter worth approximately $39,000. Finally, Whittier Trust Co. increased its holdings in shares of Vistra by 1,611.8% in the 4th quarter. Whittier Trust Co. now owns 291 shares of the company's stock valued at $40,000 after acquiring an additional 274 shares during the period. Institutional investors and hedge funds own 90.88% of the company's stock.

Vistra Price Performance

Shares of VST stock traded up $4.01 during trading hours on Friday, hitting $185.14. The company's stock had a trading volume of 6,584,340 shares, compared to its average volume of 7,298,495. The business has a fifty day moving average of $148.37 and a 200-day moving average of $146.03. The stock has a market cap of $62.82 billion, a price-to-earnings ratio of 29.11, a P/E/G ratio of 2.21 and a beta of 1.22. 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 Corp. has a twelve month low of $66.50 and a twelve month high of $199.84.

Vistra Increases Dividend

The company 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. The ex-dividend date of this dividend is Wednesday, June 18th. This is an increase from Vistra's previous quarterly dividend of $0.22. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.49%. Vistra's payout ratio is 14.15%.

Wall Street Analyst Weigh In

VST has been the topic of several research reports. Bank of America raised shares of Vistra from a "neutral" rating to a "buy" rating and lowered their price objective for the stock from $164.00 to $152.00 in a research report on Tuesday, March 4th. UBS Group boosted their price target on Vistra from $160.00 to $207.00 and gave the company a "buy" rating in a research report on Tuesday. Morgan Stanley increased their price objective on Vistra from $178.00 to $186.00 and gave the stock an "overweight" rating in a research report on Wednesday. Raymond James Financial assumed coverage on shares of Vistra in a research report on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 price objective on the stock. Finally, The Goldman Sachs Group boosted their target price on Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Vistra currently has a consensus rating of "Moderate Buy" and an average price target of $176.92.

Insiders Place Their Bets

In related news, Director John R. Sult sold 25,000 shares of the stock in a transaction on 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 transaction, the director now directly owns 75,946 shares of the company's stock, valued at approximately $13,037,649.82. This trade represents a 24.77% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Scott B. Helm sold 20,000 shares of the firm's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $156.80, for a total value of $3,136,000.00. Following the completion of the transaction, the director now owns 325,192 shares in the company, valued at approximately $50,990,105.60. This trade represents a 5.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 294,000 shares of company stock valued at $47,461,490. Company insiders own 1.42% of the company's stock.

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.