Fairvoy Private Wealth LLC Decreases Stake in Vistra Corp. (NYSE:VST)

Fairvoy Private Wealth LLC lessened its stake in Vistra Corp. (NYSE:VST - Free Report) by 49.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,639 shares of the company's stock after selling 5,487 shares during the period. Fairvoy Private Wealth LLC's holdings in Vistra were worth $662,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in VST. Tucker Asset Management LLC purchased a new stake in Vistra during the fourth quarter valued at about $28,000. Cherry Tree Wealth Management LLC increased its position in shares of Vistra by 2,030.0% during the 4th quarter. Cherry Tree Wealth Management LLC now owns 213 shares of the company's stock valued at $29,000 after purchasing an additional 203 shares during the last quarter. Ameriflex Group Inc. purchased a new position in shares of Vistra during the 4th quarter valued at about $32,000. Whipplewood Advisors LLC bought a new stake in shares of Vistra in the 4th quarter worth approximately $39,000. Finally, Whittier Trust Co. boosted its stake in shares of Vistra by 1,611.8% in the 4th quarter. Whittier Trust Co. now owns 291 shares of the company's stock valued at $40,000 after purchasing an additional 274 shares in the last quarter. Institutional investors own 90.88% of the company's stock.

Insider Buying and Selling at Vistra

In related news, EVP Carrie Lee Kirby sold 108,000 shares of the stock in a transaction dated 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 now directly owns 218,239 shares of the company's stock, valued at approximately $34,259,158.22. This represents a 33.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Scott B. Helm sold 20,000 shares of Vistra stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $156.80, for a total transaction of $3,136,000.00. Following the completion of the transaction, the director now directly owns 325,192 shares of the company's stock, valued at $50,990,105.60. This trade represents a 5.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 294,000 shares of company stock valued at $47,461,490. Corporate insiders own 1.42% of the company's stock.

Vistra Stock Up 1.9%

Shares of NYSE VST traded up $3.42 during mid-day trading on Wednesday, hitting $181.17. 5,284,563 shares of the stock traded hands, compared to its average volume of 7,305,732. 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 cap of $61.48 billion, a price-to-earnings ratio of 28.49, a PEG ratio of 2.27 and a beta of 1.22. The stock has a fifty day moving average price of $145.69 and a 200-day moving average price of $145.60. Vistra Corp. has a 52 week low of $66.50 and a 52 week high of $199.84.

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 paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.90 annualized dividend and a yield of 0.50%. This is a positive change from Vistra's previous quarterly dividend of $0.22. Vistra's payout ratio is presently 13.99%.

Wall Street Analyst Weigh In

Several analysts have weighed in on VST shares. Daiwa Capital Markets began coverage on shares of Vistra in a research note on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 price target for the company. JPMorgan Chase & Co. decreased their price target on Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. The Goldman Sachs Group upped their price target on shares of Vistra from $134.00 to $164.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. 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. Finally, Raymond James Financial started coverage on shares of Vistra in a report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 target price for the company. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $176.92.

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.