B. Riley Wealth Advisors Inc. Buys 2,849 Shares of Vistra Corp. (NYSE:VST)

B. Riley Wealth Advisors Inc. lifted its position in Vistra Corp. (NYSE:VST - Free Report) by 58.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,702 shares of the company's stock after purchasing an additional 2,849 shares during the quarter. B. Riley Wealth Advisors Inc.'s holdings in Vistra were worth $1,062,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC increased its stake in Vistra by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 8,539,243 shares of the company's stock valued at $1,174,326,000 after acquiring an additional 219,055 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Vistra by 63.6% in 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 acquiring an additional 2,433,732 shares during the last quarter. Northern Trust Corp increased its stake in Vistra by 10.9% in the fourth quarter. Northern Trust Corp now owns 3,026,484 shares of the company's stock valued at $417,261,000 after acquiring an additional 296,714 shares during the last quarter. Norges Bank bought a new position in Vistra in the fourth quarter valued at $409,087,000. Finally, Castle Hook Partners LP increased its stake in Vistra by 13.6% in the fourth quarter. Castle Hook Partners LP now owns 2,964,222 shares of the company's stock valued at $408,677,000 after acquiring an additional 353,949 shares during the last quarter. Institutional investors own 90.88% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on VST shares. Evercore ISI set a $192.00 target price on Vistra and gave the company an "outperform" rating in a research note on Thursday, May 15th. Daiwa America upgraded shares of Vistra to a "hold" rating in a research report on Wednesday, March 5th. Morgan Stanley restated an "overweight" rating and set a $178.00 price target (up from $172.00) on shares of Vistra in a research report on Thursday, May 22nd. Daiwa Capital Markets initiated coverage on shares of Vistra in a research report on Wednesday, March 5th. They set a "neutral" rating and a $120.00 price target for the company. Finally, UBS Group upped their price target on shares of Vistra from $154.00 to $160.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $169.08.

Vistra Stock Up 0.4%

VST traded up $0.61 on Friday, hitting $160.34. The company had a trading volume of 5,295,934 shares, compared to its average volume of 7,494,428. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. Vistra Corp. has a 52-week low of $66.50 and a 52-week high of $199.84. The stock has a fifty day simple moving average of $131.04 and a 200-day simple moving average of $143.97. The firm has a market capitalization of $54.41 billion, a P/E ratio of 29.91, a P/E/G ratio of 1.12 and a beta of 1.16.

Vistra Increases Dividend

The business 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. The ex-dividend date is Wednesday, June 18th. This is a positive change from Vistra's previous quarterly dividend of $0.22. This represents a $0.90 annualized dividend and a yield of 0.56%. Vistra's dividend payout ratio (DPR) is 14.15%.

Insiders Place Their Bets

In other Vistra news, Director John William Pitesa bought 1,500 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was acquired at an average price of $126.75 per share, with a total value of $190,125.00. Following the completion of the purchase, the director now owns 3,467 shares of the company's stock, valued at approximately $439,442.25. This trade represents a 76.26% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Paul M. Barbas sold 24,136 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $124.19, for a total transaction of $2,997,449.84. Following the sale, the director now directly owns 51,063 shares of the company's stock, valued at $6,341,513.97. This trade represents a 32.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold 243,136 shares of company stock worth $37,529,690 over the last three months. 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.