Credit Capital Investments LLC Takes $206,000 Position in Vistra Corp. (NYSE:VST)

Key Points

• Credit Capital Investments LLC acquired a new stake in Vistra Corp. by purchasing 1,750 shares valued at approximately $206,000 in the first quarter.
• Institutional investors now own 90.88% of Vistra's stock, with significant recent increases in holdings from several funds, including HM Payson & Co., which grew its position by 275.4%.
• Vistra recently announced a quarterly dividend increase to $0.226 per share, marking an annualized dividend yield of 0.4%, up from the previous $0.23 dividend.

Credit Capital Investments LLC acquired a new position in shares of Vistra Corp. (NYSE:VST - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,750 shares of the company's stock, valued at approximately $206,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Amalgamated Bank boosted its position in Vistra by 1.9% during the first quarter. Amalgamated Bank now owns 73,908 shares of the company's stock worth $8,680,000 after purchasing an additional 1,387 shares during the period. Kingswood Wealth Advisors LLC purchased a new stake in Vistra in the first quarter valued at approximately $341,000. Dynamic Advisor Solutions LLC purchased a new stake in Vistra in the first quarter valued at approximately $432,000. Envestnet Asset Management Inc. boosted its stake in shares of Vistra by 29.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 255,629 shares of the company's stock valued at $30,021,000 after purchasing an additional 57,551 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its stake in shares of Vistra by 12.9% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 1,955 shares of the company's stock valued at $230,000 after purchasing an additional 224 shares in the last quarter. Hedge funds and other institutional investors own 90.88% of the company's stock.

Insiders Place Their Bets

In other Vistra news, 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 value of $4,291,750.00. Following the completion of the transaction, the director directly owned 75,946 shares in the company, valued at $13,037,649.82. This represents a 24.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Carrie Lee Kirby sold 108,000 shares of the company'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 value of $16,953,840.00. Following the completion of the transaction, the executive vice president owned 218,239 shares of the company's stock, valued at $34,259,158.22. The trade was a 33.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 294,000 shares of company stock worth $47,461,490 over the last ninety days. 1.42% of the stock is owned by company insiders.

Vistra Stock Performance

Shares of NYSE:VST traded down $4.66 during mid-day trading on Tuesday, reaching $209.40. 4,587,345 shares of the company traded hands, compared to its average volume of 5,092,355. The company's 50 day moving average price is $186.29 and its 200-day moving average price is $155.69. The firm has a market cap of $71.06 billion, a PE ratio of 32.92, a PEG ratio of 2.60 and a beta of 1.30. The company has a debt-to-equity ratio of 6.53, a current ratio of 0.86 and a quick ratio of 0.77. Vistra Corp. has a 52 week low of $70.00 and a 52 week high of $216.85.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th will be paid a $0.226 dividend. This represents a $0.90 annualized dividend and a yield of 0.4%. The ex-dividend date is Friday, September 19th. This is a positive change from Vistra's previous quarterly dividend of $0.23. Vistra's dividend payout ratio is currently 14.15%.

Analyst Ratings Changes

Several brokerages have recently issued reports on VST. Evercore ISI set a $192.00 target price on shares of Vistra and gave the stock an "outperform" rating in a report on Thursday, May 15th. Raymond James Financial initiated coverage on shares of Vistra in a report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 target price on the stock. The Goldman Sachs Group lifted their price target on Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Morgan Stanley lifted their price target on Vistra from $178.00 to $186.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 18th. Finally, UBS Group boosted their target price on Vistra from $207.00 to $230.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $178.69.

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.