Focused Wealth Management Inc Makes New Investment in Vistra Corp. (NYSE:VST)

Focused Wealth Management Inc bought a new position in Vistra Corp. (NYSE:VST - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 5,340 shares of the company's stock, valued at approximately $627,000.

Several other large investors also recently added to or reduced their stakes in the business. Paloma Partners Management Co lifted its stake in shares of Vistra by 1.0% in the fourth quarter. Paloma Partners Management Co now owns 8,000 shares of the company's stock worth $1,103,000 after buying an additional 81 shares during the last quarter. Sunbelt Securities Inc. increased its position in shares of Vistra by 1.6% during the 4th quarter. Sunbelt Securities Inc. now owns 6,409 shares of the company's stock worth $898,000 after purchasing an additional 98 shares in the last quarter. IHT Wealth Management LLC increased its position in shares of Vistra by 1.1% during the 4th quarter. IHT Wealth Management LLC now owns 9,579 shares of the company's stock worth $1,321,000 after purchasing an additional 106 shares in the last quarter. EP Wealth Advisors LLC increased its position in shares of Vistra by 1.6% during the 4th quarter. EP Wealth Advisors LLC now owns 7,980 shares of the company's stock worth $1,100,000 after purchasing an additional 125 shares in the last quarter. Finally, Flagship Harbor Advisors LLC increased its position in Vistra by 4.0% in the 1st quarter. Flagship Harbor Advisors LLC now owns 3,391 shares of the company's stock valued at $398,000 after acquiring an additional 130 shares in the last quarter. 90.88% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

VST has been the subject of several research reports. JPMorgan Chase & Co. lowered their price objective on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Morgan Stanley raised their price objective on shares of Vistra from $178.00 to $186.00 and gave the company an "overweight" rating in a research report on Wednesday, June 18th. Evercore ISI set a $192.00 price objective on shares of Vistra and gave the company an "outperform" rating in a research report on Thursday, May 15th. UBS Group lifted their price target on shares of Vistra from $160.00 to $207.00 and gave the stock a "buy" rating in a research report on Tuesday, June 17th. Finally, The Goldman Sachs Group lifted their price target on shares of Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $176.92.

Insider Buying and Selling

In related news, Director Scott B. Helm sold 50,000 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $172.75, for a total value of $8,637,500.00. Following the transaction, the director directly owned 255,192 shares in the company, valued at approximately $44,084,418. This represents a 16.38% decrease in their ownership of the stock. The transaction 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 stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $156.98, for a total transaction of $16,953,840.00. Following the sale, the executive vice president owned 218,239 shares in the company, valued at $34,259,158.22. The trade was a 33.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 294,000 shares of company stock valued at $47,461,490. 1.42% of the stock is currently owned by insiders.

Vistra Stock Up 0.4%

Shares of Vistra stock traded up $0.70 on Friday, hitting $196.48. The company had a trading volume of 3,712,766 shares, compared to its average volume of 7,175,559. The stock has a 50-day moving average of $170.58 and a 200-day moving average of $151.03. The company has a debt-to-equity ratio of 6.53, a current ratio of 0.86 and a quick ratio of 0.77. The firm has a market capitalization of $66.67 billion, a P/E ratio of 30.89, a P/E/G ratio of 2.31 and a beta of 1.26. Vistra Corp. has a twelve month low of $66.50 and a twelve month high of $200.25.

Vistra Increases Dividend

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

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.