Global Assets Advisory LLC Makes New $1.33 Million Investment in Vistra Corp. (NYSE:VST)

Global Assets Advisory LLC bought a new stake in shares of Vistra Corp. (NYSE:VST - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 11,830 shares of the company's stock, valued at approximately $1,325,000.

A number of other large investors also recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Vistra during the fourth quarter worth approximately $409,087,000. Massachusetts Financial Services Co. MA grew its holdings in Vistra by 63.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,260,363 shares of the company's stock worth $863,116,000 after acquiring an additional 2,433,732 shares during the period. Capital International Investors bought a new stake in shares of Vistra during the 4th quarter valued at $286,414,000. Raymond James Financial Inc. acquired a new position in shares of Vistra in the 4th quarter valued at $237,441,000. Finally, Appaloosa LP lifted its stake in shares of Vistra by 112.5% in the 4th quarter. Appaloosa LP now owns 2,700,000 shares of the company's stock valued at $372,249,000 after purchasing an additional 1,429,612 shares during the period. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VST has been the subject of a number of analyst reports. Morgan Stanley lifted their price objective on Vistra from $178.00 to $186.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 18th. Bank of America upgraded Vistra from a "neutral" rating to a "buy" rating and decreased their target price for the stock from $164.00 to $152.00 in a research report on Tuesday, March 4th. The Goldman Sachs Group increased their price target on shares of Vistra from $134.00 to $164.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. Raymond James Financial assumed coverage on shares of Vistra in a report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 price objective for the company. Finally, JPMorgan Chase & Co. lowered their target price on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. Three investment 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's stock. Based on data from MarketBeat.com, Vistra presently has an average rating of "Moderate Buy" and a consensus target price of $176.92.

Insider Transactions at Vistra

In related news, 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 value of $3,136,000.00. Following the sale, the director now owns 325,192 shares of the company's stock, valued at approximately $50,990,105.60. The trade was a 5.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Carrie Lee Kirby sold 108,000 shares of the company's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $156.98, for a total value of $16,953,840.00. Following the sale, the executive vice president now owns 218,239 shares in the company, 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 294,000 shares of company stock valued at $47,461,490 over the last three months. Company insiders own 1.42% of the company's stock.

Vistra Stock Up 2.6%

Shares of NYSE:VST traded up $4.98 during midday trading on Friday, reaching $195.38. 8,887,881 shares of the company were exchanged, compared to its average volume of 7,230,654. The firm has a market cap of $66.30 billion, a PE ratio of 30.72, a P/E/G ratio of 2.24 and a beta of 1.22. The company has a quick ratio of 0.77, a current ratio of 0.86 and a debt-to-equity ratio of 6.53. Vistra Corp. has a fifty-two week low of $66.50 and a fifty-two week high of $199.84. The stock has a fifty day simple moving average of $157.24 and a two-hundred day simple moving average of $147.44.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th will be issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.46%. This is a positive change from Vistra's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Wednesday, June 18th. Vistra's payout ratio is 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.