BayBridge Capital Group LLC Purchases New Stake in Vistra Corp. (NYSE:VST)

BayBridge Capital Group LLC purchased a new position in shares of Vistra Corp. (NYSE:VST - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,246 shares of the company's stock, valued at approximately $264,000.

Several other large investors have also recently bought and sold shares of the business. Tucker Asset Management LLC acquired a new position in shares of Vistra in the 4th quarter valued at $28,000. Cherry Tree Wealth Management LLC grew its position in Vistra by 2,030.0% in the 4th quarter. Cherry Tree Wealth Management LLC now owns 213 shares of the company's stock valued at $29,000 after buying an additional 203 shares during the last quarter. Ameriflex Group Inc. acquired a new position in shares of Vistra during the fourth quarter worth about $32,000. Whipplewood Advisors LLC purchased a new position in shares of Vistra during the 4th quarter worth approximately $39,000. Finally, Whittier Trust Co. grew its holdings in Vistra by 1,611.8% during 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. Hedge funds and other institutional investors own 90.88% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on VST shares. JPMorgan Chase & Co. lowered their price target 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 increased their target price on shares of Vistra from $154.00 to $160.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Raymond James began coverage on shares of Vistra in a research report on Friday. They set a "strong-buy" rating and a $216.00 price target for the company. The Goldman Sachs Group upped their price target on Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Finally, Daiwa America raised Vistra to a "hold" rating in a report on Wednesday, March 5th. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Vistra presently has a consensus rating of "Moderate Buy" and a consensus target price of $172.69.

Vistra Trading Up 2.7%

Shares of VST traded up $4.66 on Monday, hitting $178.41. 1,679,770 shares of the stock traded hands, compared to its average volume of 7,317,247. The firm has a market capitalization of $60.54 billion, a P/E ratio of 33.35, a P/E/G ratio of 1.12 and a beta of 1.22. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. Vistra Corp. has a 1 year low of $66.50 and a 1 year high of $199.84. The stock's 50 day moving average is $143.01 and its two-hundred day moving average is $145.25.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th will be paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend is Wednesday, June 18th. This is a positive change from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio is currently 14.15%.

Insider Transactions at Vistra

In other news, EVP Carrie Lee Kirby sold 108,000 shares of the company's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $156.98, for a total transaction of $16,953,840.00. Following the completion of the transaction, the executive vice president now owns 218,239 shares of the company's stock, valued at $34,259,158.22. This represents a 33.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John R. Sult sold 25,000 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $171.67, for a total transaction of $4,291,750.00. Following the transaction, the director now directly owns 75,946 shares of the company's stock, valued at $13,037,649.82. This trade represents a 24.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 294,000 shares of company stock worth $47,461,490 over the last quarter. 1.42% of the stock is currently owned by insiders.

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.