Vistra Corp. (NYSE:VST) Shares Bought by HB Wealth Management LLC

Key Points

• HB Wealth Management LLC increased its holdings in Vistra Corp. by 56.7%, owning 8,147 shares valued at $957,000 at the end of the most recent quarter.
• Insider transactions revealed substantial stock sales, with EVP Stephanie Zapata Moore selling 35,000 shares for approximately $5.65 million, resulting in a 28.44% decrease in her ownership.
• Vistra recently raised its quarterly dividend to $0.225 per share, reflecting a 0.45% yield and demonstrating their ongoing commitment to returning value to shareholders.

HB Wealth Management LLC raised its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 56.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,147 shares of the company's stock after acquiring an additional 2,949 shares during the quarter. HB Wealth Management LLC's holdings in Vistra were worth $957,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of VST. HM Payson & Co. lifted its stake in shares of Vistra by 275.4% during the 1st quarter. HM Payson & Co. now owns 229 shares of the company's stock valued at $27,000 after buying an additional 168 shares in the last quarter. Ameriflex Group Inc. purchased a new position in shares of Vistra during the 4th quarter valued at $32,000. Opal Wealth Advisors LLC purchased a new position in shares of Vistra during the 1st quarter valued at $46,000. Golden State Wealth Management LLC lifted its stake in shares of Vistra by 2,540.0% during the 1st quarter. Golden State Wealth Management LLC now owns 396 shares of the company's stock valued at $47,000 after buying an additional 381 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA lifted its stake in shares of Vistra by 53.9% during the 1st quarter. Compagnie Lombard Odier SCmA now owns 431 shares of the company's stock valued at $51,000 after buying an additional 151 shares in the last quarter. Hedge funds and other institutional investors own 90.88% of the company's stock.

Insider Transactions at Vistra

In related news, EVP Stephanie Zapata Moore sold 35,000 shares of Vistra stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $161.44, for a total value of $5,650,400.00. Following the completion of the transaction, the executive vice president owned 88,073 shares in the company, valued at $14,218,505.12. The trade was a 28.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Scott A. Hudson sold 56,000 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $157.00, for a total transaction of $8,792,000.00. Following the sale, the executive vice president owned 306,600 shares of the company's stock, valued at $48,136,200. This represents a 15.44% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 294,000 shares of company stock valued at $47,461,490. 1.42% of the stock is owned by corporate insiders.

Analyst Ratings Changes

VST has been the topic of a number of research reports. Raymond James Financial started coverage on shares of Vistra in a report on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 price target on the stock. UBS Group boosted their price objective on shares of Vistra from $207.00 to $230.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Evercore ISI set a $192.00 price target on shares of Vistra and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Morgan Stanley upped their price target on shares of Vistra from $178.00 to $186.00 and gave the company an "overweight" rating in a research note on Wednesday, June 18th. Finally, The Goldman Sachs Group increased their price objective on shares of Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Three equities 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 stock. Based on data from MarketBeat, Vistra currently has a consensus rating of "Moderate Buy" and an average price target of $178.69.

Vistra Trading Down 0.2%

VST stock traded down $0.48 during trading on Friday, reaching $208.06. 5,735,168 shares of the stock were exchanged, compared to its average volume of 4,789,888. The company has a current ratio of 0.86, a quick ratio of 0.77 and a debt-to-equity ratio of 6.53. The business has a 50 day moving average price of $184.27 and a 200-day moving average price of $155.24. Vistra Corp. has a 1 year low of $66.50 and a 1 year high of $213.05. The firm has a market capitalization of $70.60 billion, a price-to-earnings ratio of 32.71, a P/E/G ratio of 2.54 and a beta of 1.30.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 19th will be issued a $0.226 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.4%. This is an increase from Vistra's previous quarterly dividend of $0.23. The ex-dividend date is Friday, September 19th. Vistra's dividend payout ratio (DPR) is presently 14.15%.

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.