Alta Capital Management LLC Makes New Investment in Vistra Corp. (NYSE:VST)

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

Several other large investors have also bought and sold shares of VST. Tucker Asset Management LLC purchased a new position in Vistra in the fourth quarter worth about $28,000. Cherry Tree Wealth Management LLC grew its stake 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 worth $29,000 after acquiring an additional 203 shares during the period. Ameriflex Group Inc. bought a new stake in shares of Vistra in the fourth quarter worth approximately $32,000. Whipplewood Advisors LLC bought a new stake in shares of Vistra in the fourth quarter worth approximately $39,000. Finally, Whittier Trust Co. grew its stake in shares of Vistra by 1,611.8% in the fourth quarter. Whittier Trust Co. now owns 291 shares of the company's stock worth $40,000 after acquiring an additional 274 shares during the period. 90.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VST has been the subject of a number of research analyst reports. Morgan Stanley lifted their price target 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. Evercore ISI set a $192.00 price target on shares of Vistra and gave the stock an "outperform" rating in a research note on Thursday, May 15th. The Goldman Sachs Group lifted their price target on shares of Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Bank of America upgraded shares of Vistra from a "neutral" rating to a "buy" rating and reduced their price target for the stock from $164.00 to $152.00 in a research note on Tuesday, March 4th. Finally, 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. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $176.92.

Insider Activity at Vistra

In other Vistra news, EVP Carrie Lee Kirby sold 108,000 shares of the company's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $156.98, for a total value of $16,953,840.00. Following the completion of the transaction, the executive vice president now directly owns 218,239 shares in the company, valued at $34,259,158.22. This represents a 33.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Scott B. Helm sold 20,000 shares of the company's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $156.80, for a total transaction of $3,136,000.00. Following the completion of the transaction, the director now owns 325,192 shares of the company's stock, valued at approximately $50,990,105.60. The trade was a 5.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 294,000 shares of company stock worth $47,461,490. 1.42% of the stock is owned by company insiders.

Vistra Stock Performance

NYSE VST traded up $1.42 during trading hours on Monday, hitting $186.52. 4,135,563 shares of the company's stock traded hands, compared to its average volume of 7,243,563. The business's fifty day moving average price is $151.32 and its two-hundred day moving average price is $146.22. The company has a current ratio of 0.86, a quick ratio of 0.77 and a debt-to-equity ratio of 6.53. The firm has a market capitalization of $63.29 billion, a P/E ratio of 29.33, a P/E/G ratio of 2.25 and a beta of 1.22. Vistra Corp. has a 52 week low of $66.50 and a 52 week high of $199.84.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Wednesday, June 18th will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 0.48%. This is a positive change from Vistra's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Wednesday, June 18th. Vistra's payout ratio is 14.15%.

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.