Aspetuck Financial Management LLC Acquires New Holdings in Vistra Corp. (NYSE:VST)

Aspetuck Financial Management LLC purchased a new stake in Vistra Corp. (NYSE:VST - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,505 shares of the company's stock, valued at approximately $529,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Jones Financial Companies Lllp raised its stake in shares of Vistra by 355.8% in the 4th quarter. Jones Financial Companies Lllp now owns 6,408 shares of the company's stock valued at $883,000 after acquiring an additional 5,002 shares during the period. Kingswood Wealth Advisors LLC acquired a new stake in Vistra in the 1st quarter valued at $341,000. Dynamic Advisor Solutions LLC acquired a new stake in Vistra in the 1st quarter valued at $432,000. Wealthcare Advisory Partners LLC raised its position in Vistra by 12.9% in the first quarter. Wealthcare Advisory Partners LLC now owns 1,955 shares of the company's stock valued at $230,000 after purchasing an additional 224 shares during the period. Finally, Meeder Asset Management Inc. lifted its stake in shares of Vistra by 186.6% during the fourth quarter. Meeder Asset Management Inc. now owns 44,487 shares of the company's stock worth $6,133,000 after purchasing an additional 28,967 shares in the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Vistra

In other Vistra 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 transaction, the director now owns 75,946 shares of the company's stock, 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 legal filing with the SEC, which is available at this link. Also, Director Scott B. Helm sold 20,000 shares of the stock in a transaction that occurred on 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 sale, the director now owns 325,192 shares in the company, valued at $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. Insiders sold a total of 294,000 shares of company stock worth $47,461,490 over the last 90 days. Insiders own 1.42% of the company's stock.

Vistra Stock Performance

Shares of VST traded up $4.14 during mid-day trading on Thursday, hitting $190.46. The stock had a trading volume of 3,675,729 shares, compared to its average volume of 7,212,959. Vistra Corp. has a fifty-two week low of $66.50 and a fifty-two week high of $199.84. 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 company has a market cap of $64.63 billion, a PE ratio of 29.95, a PEG ratio of 2.27 and a beta of 1.22. The company's fifty day simple moving average is $154.13 and its two-hundred day simple moving average is $146.78.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th will be issued 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 is Wednesday, June 18th. This is an increase from Vistra's previous quarterly dividend of $0.22. Vistra's payout ratio is currently 14.15%.

Wall Street Analyst Weigh In

VST has been the subject of a number of recent research reports. The Goldman Sachs Group increased their target price on Vistra from $134.00 to $164.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. Bank of America upgraded Vistra from a "neutral" rating to a "buy" rating and decreased their price target for the stock from $164.00 to $152.00 in a report on Tuesday, March 4th. JPMorgan Chase & Co. dropped their price objective on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. UBS Group upped their target price on shares of Vistra from $160.00 to $207.00 and gave the company a "buy" rating in a research note on Tuesday, June 17th. Finally, Daiwa Capital Markets began coverage on shares of Vistra in a research note on Wednesday, March 5th. They set a "neutral" rating and a $120.00 price target on the stock. 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 company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $176.92.

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.