Gilman Hill Asset Management LLC Invests $264,000 in Vistra Corp. (NYSE:VST)

Gilman Hill Asset Management LLC purchased a new stake in shares of Vistra Corp. (NYSE:VST - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 2,250 shares of the company's stock, valued at approximately $264,000.

Other hedge funds have also recently modified their holdings of the company. Peregrine Asset Advisers Inc. raised its position in Vistra by 3.2% in the fourth quarter. Peregrine Asset Advisers Inc. now owns 2,064 shares of the company's stock valued at $285,000 after purchasing an additional 64 shares during the period. Paloma Partners Management Co increased its position in shares of Vistra by 1.0% during the 4th quarter. Paloma Partners Management Co now owns 8,000 shares of the company's stock worth $1,103,000 after purchasing an additional 81 shares during the last quarter. Csenge Advisory Group increased its position in shares of Vistra by 1.7% during the 4th quarter. Csenge Advisory Group now owns 5,096 shares of the company's stock worth $703,000 after purchasing an additional 83 shares during the last quarter. Sunbelt Securities Inc. raised its holdings in Vistra by 1.6% in the 4th quarter. Sunbelt Securities Inc. now owns 6,409 shares of the company's stock valued at $898,000 after buying an additional 98 shares during the period. Finally, IHT Wealth Management LLC lifted its position in Vistra by 1.1% in the fourth quarter. IHT Wealth Management LLC now owns 9,579 shares of the company's stock valued at $1,321,000 after buying an additional 106 shares during the last quarter. Hedge funds and other institutional investors own 90.88% of the company's stock.

Vistra Price Performance

VST stock opened at $170.80 on Friday. The business's 50-day moving average is $135.76 and its two-hundred day moving average is $144.91. 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 market capitalization of $57.96 billion, a P/E ratio of 31.87, a P/E/G ratio of 1.12 and a beta of 1.16. Vistra Corp. has a 1 year low of $66.50 and a 1 year high of $199.84.

Vistra Increases Dividend

The company also recently announced 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. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.53%. This is a positive change from Vistra's previous quarterly dividend of $0.22. The ex-dividend date is Wednesday, June 18th. Vistra's dividend payout ratio is presently 14.15%.

Insider Activity at Vistra

In other Vistra news, Director John William Pitesa acquired 1,500 shares of the stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average cost of $126.75 per share, with a total value of $190,125.00. Following the transaction, the director now owns 3,467 shares in the company, valued at $439,442.25. The trade was a 76.26% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Scott B. Helm sold 20,000 shares of the firm's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $156.80, for a total value of $3,136,000.00. Following the sale, the director now directly owns 325,192 shares in the company, valued at $50,990,105.60. This trade represents a 5.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 219,000 shares of company stock valued at $34,532,240 over the last 90 days. 1.42% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on VST. Daiwa America upgraded shares of Vistra to a "hold" rating in a research report on Wednesday, March 5th. Bank of America upgraded shares of Vistra from a "neutral" rating to a "buy" rating and dropped their target price for the company from $164.00 to $152.00 in a report on Tuesday, March 4th. Daiwa Capital Markets started coverage on Vistra in a research note on Wednesday, March 5th. They set a "neutral" rating and a $120.00 price target on the stock. The Goldman Sachs Group raised their price target on Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $178.00 price objective (up previously from $172.00) on shares of Vistra in a report on Thursday, May 22nd. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $169.08.

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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