Cavalier Investments LLC Purchases New Stake in Vistra Corp. (NYSE:VST)

Cavalier Investments LLC purchased a new stake in shares of Vistra Corp. (NYSE:VST - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 14,904 shares of the company's stock, valued at approximately $1,750,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of VST. Tucker Asset Management LLC bought a new position in Vistra in the fourth quarter worth about $28,000. Ameriflex Group Inc. acquired a new position in shares of Vistra in the 4th quarter worth approximately $32,000. Whipplewood Advisors LLC acquired a new stake in shares of Vistra during the 4th quarter valued at $39,000. Whittier Trust Co. raised its holdings in Vistra by 1,611.8% during the 4th quarter. Whittier Trust Co. now owns 291 shares of the company's stock worth $40,000 after buying an additional 274 shares during the period. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of Vistra in the first quarter valued at $46,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Vistra Trading Up 2.2%

Shares of VST opened at $190.46 on Friday. Vistra Corp. has a twelve month low of $66.50 and a twelve month high of $199.84. The stock has a market cap of $64.63 billion, a PE ratio of 29.95, a P/E/G ratio of 2.19 and a beta of 1.22. 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 business's 50-day moving average price is $155.64 and its 200-day moving average price is $147.07.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Wednesday, June 18th will be given a dividend of $0.225 per share. 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. This represents a $0.90 annualized dividend and a dividend yield of 0.47%. Vistra's payout ratio is currently 14.15%.

Wall Street Analyst Weigh In

VST has been the subject of a number of analyst reports. Raymond James Financial began coverage on Vistra in a research report on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 price target for the company. The Goldman Sachs Group boosted their target price on Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Evercore ISI set a $192.00 price target on Vistra and gave the company an "outperform" rating in a research note on Thursday, May 15th. Daiwa America upgraded Vistra to a "hold" rating in a research report on Wednesday, March 5th. Finally, UBS Group raised their target price on shares of Vistra from $160.00 to $207.00 and gave the stock a "buy" rating in a report on Tuesday, June 17th. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $176.92.

Insider Buying and Selling

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

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.

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