Castlekeep Investment Advisors LLC Acquires Shares of 7,583 Vistra Corp. (NYSE:VST)

Castlekeep Investment Advisors LLC acquired a new stake in shares of Vistra Corp. (NYSE:VST - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 7,583 shares of the company's stock, valued at approximately $1,045,000.

Several other institutional investors also recently modified their holdings of the business. Peregrine Asset Advisers Inc. boosted its position in shares of Vistra by 3.2% during the fourth quarter. Peregrine Asset Advisers Inc. now owns 2,064 shares of the company's stock valued at $285,000 after buying an additional 64 shares during the last quarter. Avior Wealth Management LLC boosted its position in shares of Vistra by 56.5% during the fourth quarter. Avior Wealth Management LLC now owns 180 shares of the company's stock valued at $25,000 after buying an additional 65 shares during the last quarter. Paloma Partners Management Co boosted its position in Vistra by 1.0% in the fourth quarter. Paloma Partners Management Co now owns 8,000 shares of the company's stock worth $1,103,000 after purchasing an additional 81 shares during the last quarter. Csenge Advisory Group boosted its position in Vistra by 1.7% in the fourth quarter. Csenge Advisory Group now owns 5,096 shares of the company's stock worth $703,000 after purchasing an additional 83 shares during the last quarter. Finally, New Century Financial Group LLC boosted its position in Vistra by 3.5% in the fourth quarter. New Century Financial Group LLC now owns 2,760 shares of the company's stock worth $381,000 after purchasing an additional 94 shares during the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VST has been the topic of several research reports. JPMorgan Chase & Co. dropped their target price on Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. UBS Group raised their target price on Vistra from $154.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Morgan Stanley reissued an "overweight" rating and issued a $178.00 target price (up from $172.00) on shares of Vistra in a research report on Thursday, May 22nd. Daiwa America raised Vistra to a "hold" rating in a research report on Wednesday, March 5th. Finally, Evercore ISI set a $192.00 target price on Vistra and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Vistra currently has an average rating of "Moderate Buy" and a consensus target price of $169.08.

Vistra Price Performance

NYSE:VST traded down $1.43 during trading hours on Wednesday, reaching $162.43. The stock had a trading volume of 4,997,335 shares, compared to its average volume of 7,514,856. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. Vistra Corp. has a 52 week low of $66.50 and a 52 week high of $199.84. The company has a 50 day moving average price of $129.92 and a two-hundred day moving average price of $143.75. The stock has a market capitalization of $55.12 billion, a PE ratio of 30.30, a PEG ratio of 1.12 and a beta of 1.16.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th will be paid a $0.225 dividend. This is an increase from Vistra's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.90 dividend on an annualized basis and a yield of 0.55%. Vistra's payout ratio is presently 14.15%.

Insiders Place Their Bets

In other news, EVP Carrie Lee Kirby sold 108,000 shares of the business's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $156.98, for a total transaction of $16,953,840.00. Following the transaction, the executive vice president now owns 218,239 shares of the company's stock, valued at approximately $34,259,158.22. The trade was a 33.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Scott A. Hudson sold 56,000 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $157.00, for a total value of $8,792,000.00. Following the transaction, the executive vice president now directly owns 306,600 shares in the company, valued at approximately $48,136,200. This represents a 15.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 208,136 shares of company stock valued at $31,879,290 in 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.