Centaurus Financial Inc. Increases Position in Vistra Corp. (NYSE:VST)

Centaurus Financial Inc. lifted its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 213.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,479 shares of the company's stock after acquiring an additional 4,412 shares during the quarter. Centaurus Financial Inc.'s holdings in Vistra were worth $893,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Avior Wealth Management LLC lifted its holdings in Vistra by 56.5% during the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company's stock worth $25,000 after buying an additional 65 shares during the period. Pathway Financial Advisers LLC lifted its holdings in Vistra by 616.0% during the 4th quarter. Pathway Financial Advisers LLC now owns 179 shares of the company's stock worth $25,000 after buying an additional 154 shares during the period. Comprehensive Financial Planning Inc. PA acquired a new position in Vistra during the 4th quarter worth about $28,000. Tucker Asset Management LLC bought a new position in shares of Vistra in the 4th quarter worth about $28,000. Finally, Cherry Tree Wealth Management LLC raised its position in shares of Vistra by 2,030.0% in the 4th quarter. Cherry Tree Wealth Management LLC now owns 213 shares of the company's stock worth $29,000 after acquiring an additional 203 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.

Insiders Place Their Bets

In related news, Director John William Pitesa acquired 1,500 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was purchased at an average cost of $126.75 per share, with a total value of $190,125.00. Following the acquisition, 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 position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Stephanie Zapata Moore sold 35,000 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $161.44, for a total value of $5,650,400.00. Following the sale, the executive vice president now directly owns 88,073 shares of the company's stock, valued at $14,218,505.12. This represents a 28.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 219,000 shares of company stock valued at $34,532,240. Corporate insiders own 1.42% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on VST. UBS Group lifted their price objective on Vistra from $154.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. The Goldman Sachs Group lifted their price objective on Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Bank of America raised Vistra from a "neutral" rating to a "buy" rating and lowered their price objective for the stock from $164.00 to $152.00 in a research report on Tuesday, March 4th. Morgan Stanley reissued an "overweight" rating and issued a $178.00 price objective (up from $172.00) on shares of Vistra in a research report on Thursday, May 22nd. Finally, JPMorgan Chase & Co. lowered their price objective on Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, Vistra has an average rating of "Moderate Buy" and a consensus target price of $169.08.

Vistra Stock Up 5.1%

VST traded up $8.56 during midday trading on Tuesday, reaching $176.03. 10,015,922 shares of the company were exchanged, compared to its average volume of 7,461,805. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. The company's fifty day moving average price is $133.62 and its 200 day moving average price is $144.55. The company has a market cap of $59.73 billion, a price-to-earnings ratio of 32.84, a price-to-earnings-growth ratio of 1.12 and a beta of 1.16. Vistra Corp. has a one year low of $66.50 and a one year high of $199.84.

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 dividend of $0.225 per share. This is a positive change from Vistra's previous quarterly dividend of $0.22. This represents a $0.90 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend is Wednesday, June 18th. Vistra's payout ratio is currently 14.15%.

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.