Fogel Capital Management Inc. Makes New $919,000 Investment in Vistra Corp. (NYSE:VST)

Fogel Capital Management Inc. bought a new position in Vistra Corp. (NYSE:VST - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 7,825 shares of the company's stock, valued at approximately $919,000. Vistra comprises about 0.5% of Fogel Capital Management Inc.'s portfolio, making the stock its 26th largest position.

A number of other institutional investors also recently modified their holdings of VST. Savant Capital LLC raised its stake in shares of Vistra by 10.7% in the fourth quarter. Savant Capital LLC now owns 4,058 shares of the company's stock worth $559,000 after acquiring an additional 393 shares during the last quarter. Vontobel Holding Ltd. raised its stake in shares of Vistra by 46.5% during the fourth quarter. Vontobel Holding Ltd. now owns 5,251 shares of the company's stock worth $724,000 after buying an additional 1,667 shares during the last quarter. Valeo Financial Advisors LLC raised its stake in shares of Vistra by 5.2% during the fourth quarter. Valeo Financial Advisors LLC now owns 5,850 shares of the company's stock worth $807,000 after buying an additional 291 shares during the last quarter. Aveo Capital Partners LLC bought a new stake in shares of Vistra during the fourth quarter worth approximately $253,000. Finally, Everhart Financial Group Inc. bought a new stake in shares of Vistra during the fourth quarter worth approximately $260,000. 90.88% of the stock is owned by institutional investors.

Vistra Stock Up 2.0%

Vistra stock opened at $177.31 on Tuesday. The company has a market cap of $60.17 billion, a P/E ratio of 33.08, a price-to-earnings-growth ratio of 1.12 and a beta of 1.22. Vistra Corp. has a 1-year low of $66.50 and a 1-year high of $199.84. The company has a fifty day simple moving average of $144.52 and a 200 day simple moving average of $145.37. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend is Wednesday, June 18th. This is an increase from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio (DPR) is 14.15%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. UBS Group boosted their price target on shares of Vistra from $154.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. 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 report on Friday, May 23rd. Bank of America upgraded shares of Vistra from a "neutral" rating to a "buy" rating and cut their target price for the stock from $164.00 to $152.00 in a report on Tuesday, March 4th. Evercore ISI set a $192.00 price objective on shares of Vistra and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Finally, Raymond James began coverage on shares of Vistra in a research report on Friday. They set a "strong-buy" rating and a $216.00 price objective for the company. Three 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. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $172.69.

Insider Activity

In other news, Director Scott B. Helm sold 20,000 shares of Vistra stock in a transaction dated 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 completion of the transaction, the director now owns 325,192 shares of the company's stock, valued at $50,990,105.60. This trade represents a 5.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John R. Sult sold 25,000 shares of Vistra stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $171.67, for a total transaction of $4,291,750.00. Following the completion of the transaction, the director now directly owns 75,946 shares of the company's stock, valued at approximately $13,037,649.82. This trade represents a 24.77% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 294,000 shares of company stock valued at $47,461,490 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.

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