Crescent Grove Advisors LLC Acquires Shares of 3,010 Vistra Corp. (NYSE:VST)

Crescent Grove Advisors LLC acquired a new stake in Vistra Corp. (NYSE:VST - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,010 shares of the company's stock, valued at approximately $353,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT boosted its holdings in Vistra by 27.9% in the 1st quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 240,000 shares of the company's stock valued at $28,186,000 after purchasing an additional 52,400 shares in the last quarter. Cavalier Investments LLC purchased a new stake in shares of Vistra during the 1st quarter worth approximately $1,750,000. Money Concepts Capital Corp boosted its stake in shares of Vistra by 12.3% during the 1st quarter. Money Concepts Capital Corp now owns 7,450 shares of the company's stock worth $875,000 after acquiring an additional 815 shares in the last quarter. Legacy CG LLC boosted its stake in shares of Vistra by 114.6% during the 1st quarter. Legacy CG LLC now owns 33,133 shares of the company's stock worth $3,891,000 after acquiring an additional 17,693 shares in the last quarter. Finally, Quaero Capital S.A. purchased a new stake in shares of Vistra during the 1st quarter worth approximately $294,000. Hedge funds and other institutional investors own 90.88% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on VST shares. The Goldman Sachs Group boosted their price target on Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Raymond James Financial started coverage on Vistra in a research note on Friday, June 13th. They set a "strong-buy" rating and a $216.00 price target on the stock. UBS Group boosted their price target on Vistra from $160.00 to $207.00 and gave the stock a "buy" rating in a research note on Tuesday, June 17th. Morgan Stanley boosted their price target on Vistra from $178.00 to $186.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 18th. Finally, Bank of America raised Vistra from a "neutral" rating to a "buy" rating and reduced their target price for the company from $164.00 to $152.00 in a research note on Tuesday, March 4th. Three 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. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $176.92.

Vistra Trading Up 2.6%

Shares of VST opened at $195.38 on Friday. The stock has a fifty day moving average of $157.24 and a two-hundred day moving average of $147.45. The company has a debt-to-equity ratio of 6.53, a quick ratio of 0.77 and a current ratio of 0.86. The company has a market capitalization of $66.30 billion, a PE ratio of 30.72, a price-to-earnings-growth ratio of 2.30 and a beta of 1.22. Vistra Corp. has a fifty-two week low of $66.50 and a fifty-two week high of $199.84.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders 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 0.46%. Vistra's payout ratio is 14.15%.

Insider Buying and Selling at Vistra

In other Vistra news, Director Scott B. Helm sold 20,000 shares of the business's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $156.80, for a total value of $3,136,000.00. Following the completion of the transaction, the director now directly owns 325,192 shares in the company, valued at approximately $50,990,105.60. The trade was a 5.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Carrie Lee Kirby sold 108,000 shares of the business's stock in a transaction 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 completion of the transaction, the executive vice president now owns 218,239 shares of the company's stock, valued at $34,259,158.22. This trade represents a 33.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 294,000 shares of company stock worth $47,461,490. Insiders own 1.42% of the company's stock.

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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