Diversify Wealth Management LLC Purchases New Shares in Vistra Corp. (NYSE:VST)

Diversify Wealth Management LLC bought a new stake in Vistra Corp. (NYSE:VST - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 20,126 shares of the company's stock, valued at approximately $2,603,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VST. Norges Bank purchased a new stake in Vistra in the 4th quarter worth approximately $409,087,000. Massachusetts Financial Services Co. MA lifted its stake in Vistra by 63.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,260,363 shares of the company's stock worth $863,116,000 after purchasing an additional 2,433,732 shares in the last quarter. Capital International Investors purchased a new stake in Vistra in the 4th quarter worth approximately $286,414,000. Palidye Holdings Caymans Ltd purchased a new stake in Vistra in the 4th quarter worth approximately $149,451,000. Finally, D1 Capital Partners L.P. purchased a new stake in Vistra in the 4th quarter worth approximately $92,649,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on VST. The Goldman Sachs Group increased their target price on shares of 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 initiated coverage on shares of Vistra in a report on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 price target on the stock. UBS Group increased their price target on shares of Vistra from $160.00 to $207.00 and gave the stock a "buy" rating in a report on Tuesday, June 17th. JPMorgan Chase & Co. decreased their price target on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. Finally, Evercore ISI set a $192.00 price target on shares of Vistra and gave the stock an "outperform" rating in a report on Thursday, May 15th. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $176.92.

Vistra Price Performance

NYSE:VST traded up $0.70 during trading hours on Friday, hitting $196.48. 3,712,766 shares of the stock traded hands, compared to its average volume of 7,167,814. The company has a quick ratio of 0.77, a current ratio of 0.86 and a debt-to-equity ratio of 6.53. Vistra Corp. has a 1 year low of $66.50 and a 1 year high of $200.25. The company has a market cap of $66.67 billion, a price-to-earnings ratio of 30.89, a price-to-earnings-growth ratio of 2.30 and a beta of 1.26. The stock has a 50 day moving average price of $170.58 and a 200 day moving average price of $150.93.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th were issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 0.46%. The ex-dividend date of this dividend was Wednesday, June 18th. This is an increase from Vistra's previous quarterly dividend of $0.22. Vistra's payout ratio is 14.15%.

Insider Transactions at Vistra

In related news, Director Scott B. Helm sold 50,000 shares of the company's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $172.75, for a total transaction of $8,637,500.00. Following the sale, the director owned 255,192 shares of the company's stock, valued at $44,084,418. This represents a 16.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Carrie Lee Kirby sold 108,000 shares of the company's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $156.98, for a total transaction of $16,953,840.00. Following the sale, the executive vice president directly owned 218,239 shares in the company, valued at approximately $34,259,158.22. The trade was a 33.10% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 294,000 shares of company stock valued at $47,461,490. 1.42% of the stock is owned by corporate 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.