Castle Rock Wealth Management LLC Makes New $562,000 Investment in Vistra Corp. (NYSE:VST)

Castle Rock Wealth Management LLC purchased a new stake in Vistra Corp. (NYSE:VST - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 4,078 shares of the company's stock, valued at approximately $562,000.

Other large investors have also recently added to or reduced their stakes in the company. Perigon Wealth Management LLC raised its position in shares of Vistra by 201.1% in the fourth quarter. Perigon Wealth Management LLC now owns 5,513 shares of the company's stock valued at $760,000 after purchasing an additional 3,682 shares during the period. Riggs Asset Managment Co. Inc. raised its position in Vistra by 52.3% during the fourth quarter. Riggs Asset Managment Co. Inc. now owns 15,198 shares of the company's stock valued at $2,129,000 after purchasing an additional 5,219 shares in the last quarter. KBC Group NV raised its position in Vistra by 14.2% during the fourth quarter. KBC Group NV now owns 29,475 shares of the company's stock valued at $4,064,000 after purchasing an additional 3,673 shares in the last quarter. Five Oceans Advisors acquired a new position in Vistra during the fourth quarter valued at approximately $213,000. Finally, Jones Financial Companies Lllp grew its stake in shares of Vistra by 355.8% during the fourth quarter. Jones Financial Companies Lllp now owns 6,408 shares of the company's stock worth $883,000 after buying an additional 5,002 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.

Vistra Stock Performance

Shares of VST stock traded up $0.61 during trading hours on Friday, hitting $160.34. 5,295,934 shares of the company were exchanged, compared to its average volume of 7,505,221. The firm has a fifty day simple moving average of $131.04 and a 200 day simple moving average of $143.97. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. Vistra Corp. has a 52-week low of $66.50 and a 52-week high of $199.84. The stock has a market capitalization of $54.41 billion, a price-to-earnings ratio of 29.91, a P/E/G ratio of 1.12 and a beta of 1.16.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Wednesday, June 18th will be issued a $0.225 dividend. The ex-dividend date is Wednesday, June 18th. This is an increase 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%.

Wall Street Analysts Forecast Growth

VST has been the topic of several analyst reports. JPMorgan Chase & Co. reduced 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. The Goldman Sachs Group upped their price objective on shares of Vistra from $134.00 to $164.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. Evercore ISI set a $192.00 price objective on shares of Vistra and gave the company an "outperform" rating in a report on Thursday, May 15th. UBS Group upped their target price on shares of Vistra from $154.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Finally, Bank of America upgraded shares of Vistra from a "neutral" rating to a "buy" rating and lowered their target price for the stock from $164.00 to $152.00 in a report on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $169.08.

Insider Buying and Selling

In other Vistra news, EVP Carrie Lee Kirby sold 108,000 shares of the 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 sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Paul M. Barbas sold 24,136 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $124.19, for a total transaction of $2,997,449.84. Following the completion of the sale, the director now owns 51,063 shares in the company, valued at $6,341,513.97. This represents a 32.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 243,136 shares of company stock valued at $37,529,690. Company insiders own 1.42% of the company's stock.

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.