Gordian Capital Singapore Pte Ltd Buys 5,541 Shares of Vistra Corp. (NYSE:VST)

Gordian Capital Singapore Pte Ltd lifted its stake in Vistra Corp. (NYSE:VST - Free Report) by 100.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,040 shares of the company's stock after buying an additional 5,541 shares during the period. Gordian Capital Singapore Pte Ltd's holdings in Vistra were worth $1,522,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Peregrine Asset Advisers Inc. raised its stake in Vistra by 3.2% during the fourth quarter. Peregrine Asset Advisers Inc. now owns 2,064 shares of the company's stock worth $285,000 after acquiring an additional 64 shares in the last quarter. Avior Wealth Management LLC grew its holdings in shares of Vistra by 56.5% in the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company's stock worth $25,000 after purchasing an additional 65 shares during the last quarter. Galvin Gaustad & Stein LLC increased its position in shares of Vistra by 3.6% during the 4th quarter. Galvin Gaustad & Stein LLC now owns 2,077 shares of the company's stock worth $286,000 after purchasing an additional 73 shares in the last quarter. 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 in the last quarter. Finally, Csenge Advisory Group lifted its holdings in Vistra by 1.7% during the 4th quarter. Csenge Advisory Group now owns 5,096 shares of the company's stock valued at $703,000 after purchasing an additional 83 shares during the last quarter. Institutional investors own 90.88% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Daiwa America raised shares of Vistra to a "hold" rating in a research note on Wednesday, March 5th. UBS Group increased their price target on Vistra from $154.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Bank of America upgraded Vistra from a "neutral" rating to a "buy" rating and cut their price objective for the company from $164.00 to $152.00 in a research report on Tuesday, March 4th. Daiwa Capital Markets assumed coverage on Vistra in a research note on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 price objective on the stock. Finally, JPMorgan Chase & Co. lowered their target price on Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $165.83.

Insider Activity

In other news, Director Scott B. Helm sold 20,000 shares of the company'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 completion of the sale, the director now directly 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 legal filing with the SEC, which is available through this hyperlink. Also, EVP Carrie Lee Kirby sold 108,000 shares of Vistra stock in a transaction that occurred on 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 transaction, the executive vice president now directly 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 have sold a total of 152,136 shares of company stock valued at $23,087,290 in the last 90 days. 1.42% of the stock is owned by company insiders.

Vistra Trading Down 3.0%

VST opened at $152.26 on Thursday. The firm has a 50 day simple moving average of $127.45 and a 200 day simple moving average of $142.80. Vistra Corp. has a fifty-two week low of $66.50 and a fifty-two week high of $199.84. The company has a market cap of $51.67 billion, a price-to-earnings ratio of 28.41, 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.

Vistra Increases Dividend

The firm also recently announced 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. This is a boost from Vistra's previous quarterly dividend of $0.22. The ex-dividend date is Wednesday, June 18th. This represents a $0.90 annualized dividend and a dividend yield of 0.59%. Vistra's 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.

Want to see what other hedge funds are holding VST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vistra Corp. (NYSE:VST - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.