Elevation Point Wealth Partners LLC Acquires 2,296 Shares of Vistra Corp. (NYSE:VST)

Elevation Point Wealth Partners LLC increased its stake in shares of Vistra Corp. (NYSE:VST - Free Report) by 21.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,098 shares of the company's stock after acquiring an additional 2,296 shares during the quarter. Elevation Point Wealth Partners LLC's holdings in Vistra were worth $1,538,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in VST. Norges Bank purchased a new stake in shares of Vistra in the fourth quarter worth approximately $409,087,000. Massachusetts Financial Services Co. MA boosted its holdings in shares of 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 buying an additional 2,433,732 shares during the last quarter. Capital International Investors bought a new position in shares of Vistra during the 4th quarter valued at approximately $286,414,000. Raymond James Financial Inc. bought a new position in Vistra during the fourth quarter valued at $237,441,000. Finally, Appaloosa LP increased its holdings in Vistra by 112.5% in the 4th quarter. Appaloosa LP now owns 2,700,000 shares of the company's stock worth $372,249,000 after acquiring an additional 1,429,612 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Vistra Stock Up 2.7%

Shares of Vistra stock traded up $4.74 during midday trading on Monday, hitting $178.49. The company had a trading volume of 1,423,102 shares, compared to its average volume of 7,316,141. 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 has a 50 day moving average of $143.01 and a 200 day moving average of $145.25. Vistra Corp. has a 52-week low of $66.50 and a 52-week high of $199.84. The stock has a market capitalization of $60.57 billion, a P/E ratio of 33.24, a P/E/G ratio of 1.12 and a beta of 1.22.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Wednesday, June 18th will be given a $0.225 dividend. The ex-dividend date is Wednesday, June 18th. This is a boost from Vistra's previous quarterly dividend of $0.22. This represents a $0.90 annualized dividend and a yield of 0.50%. Vistra's dividend payout ratio is 14.15%.

Insider Activity at Vistra

In other Vistra news, Director Scott B. Helm sold 20,000 shares of the stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $156.80, for a total value of $3,136,000.00. Following the transaction, the director now directly owns 325,192 shares in the company, valued at approximately $50,990,105.60. This trade represents a 5.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Carrie Lee Kirby sold 108,000 shares of the business's stock in a transaction that occurred 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 transaction, the executive vice president now owns 218,239 shares of the company's stock, valued at approximately $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. Insiders have sold 294,000 shares of company stock valued at $47,461,490 over the last ninety days. Insiders own 1.42% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on VST shares. Daiwa America upgraded Vistra to a "hold" rating in a research report on Wednesday, March 5th. JPMorgan Chase & Co. dropped their target price on Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Bank of America upgraded shares of Vistra from a "neutral" rating to a "buy" rating and cut their price target for the company from $164.00 to $152.00 in a research report on Tuesday, March 4th. 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. Finally, UBS Group boosted their price target on Vistra from $154.00 to $160.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Three analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $172.69.

Vistra Company 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.