Fifth Third Wealth Advisors LLC Buys 2,885 Shares of Vistra Corp. (NYSE:VST)

Fifth Third Wealth Advisors LLC boosted its position in Vistra Corp. (NYSE:VST - Free Report) by 99.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,798 shares of the company's stock after purchasing an additional 2,885 shares during the quarter. Fifth Third Wealth Advisors LLC's holdings in Vistra were worth $681,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp lifted its stake in Vistra by 355.8% in the 4th quarter. Jones Financial Companies Lllp now owns 6,408 shares of the company's stock worth $883,000 after purchasing an additional 5,002 shares in the last quarter. Guardian Asset Advisors LLC bought a new position in shares of Vistra in the 4th quarter worth $254,000. Savant Capital LLC increased its holdings in shares of Vistra by 10.7% in the 4th quarter. Savant Capital LLC now owns 4,058 shares of the company's stock worth $559,000 after buying an additional 393 shares during the last quarter. Empire Life Investments Inc. increased its holdings in shares of Vistra by 0.9% in the 4th quarter. Empire Life Investments Inc. now owns 195,947 shares of the company's stock worth $27,015,000 after buying an additional 1,681 shares during the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of Vistra in the 4th quarter worth $1,177,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on VST. UBS Group increased their price target on shares of Vistra from $154.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. 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. Morgan Stanley reissued an "overweight" rating and issued a $178.00 price target (up previously from $172.00) on shares of Vistra in a report on Thursday, May 22nd. 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, Daiwa Capital Markets started coverage on shares of Vistra in a report on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 price target on the stock. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $169.08.

Vistra Trading Down 1.8%

VST traded down $3.12 during trading on Wednesday, hitting $172.88. 5,284,925 shares of the stock traded hands, compared to its average volume of 7,453,145. The firm has a market capitalization of $58.66 billion, a P/E ratio of 32.25, a price-to-earnings-growth ratio of 1.12 and a beta of 1.16. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. The firm has a 50-day moving average of $133.62 and a 200 day moving average of $144.55. Vistra Corp. has a 12-month low of $66.50 and a 12-month high of $199.84.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th will be given 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 0.52%. This is a boost from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio is presently 14.15%.

Insider Buying and Selling at Vistra

In other Vistra news, Director Scott B. Helm sold 20,000 shares of the stock in a transaction on Monday, May 19th. The shares were sold at an average price of $156.80, for a total transaction of $3,136,000.00. Following the completion of the sale, the director now owns 325,192 shares of the company's stock, valued at $50,990,105.60. This represents a 5.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Carrie Lee Kirby sold 108,000 shares of the 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 now directly owns 218,239 shares of the company's stock, valued at $34,259,158.22. The trade was a 33.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold 219,000 shares of company stock valued at $34,532,240 in the last quarter. Company insiders own 1.42% of the company's stock.

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.