International Assets Investment Management LLC Acquires 4,864 Shares of Vistra Corp. (NYSE:VST)

International Assets Investment Management LLC boosted its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 128.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,652 shares of the company's stock after purchasing an additional 4,864 shares during the period. International Assets Investment Management LLC's holdings in Vistra were worth $1,016,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of VST. Tucker Asset Management LLC bought a new position in shares of Vistra in the fourth quarter valued at about $28,000. Ameriflex Group Inc. bought a new position in shares of Vistra in the fourth quarter worth about $32,000. Whipplewood Advisors LLC acquired a new position in shares of Vistra during the fourth quarter worth approximately $39,000. Whittier Trust Co. grew its stake in shares of Vistra by 1,611.8% during the fourth quarter. Whittier Trust Co. now owns 291 shares of the company's stock valued at $40,000 after purchasing an additional 274 shares during the last quarter. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of Vistra in the first quarter valued at approximately $46,000. Institutional investors own 90.88% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Daiwa America raised Vistra to a "hold" rating in a report on Wednesday, March 5th. Bank of America raised Vistra from a "neutral" rating to a "buy" rating and cut their price target for the company from $164.00 to $152.00 in a research note on Tuesday, March 4th. JPMorgan Chase & Co. decreased their price target on Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. Daiwa Capital Markets began coverage on Vistra in a report on Wednesday, March 5th. They set a "neutral" rating and a $120.00 price objective for the company. Finally, Raymond James Financial started coverage on shares of Vistra in a research note on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 target price on the stock. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $176.92.

Insider Transactions at Vistra

In other Vistra news, EVP Carrie Lee Kirby sold 108,000 shares of the 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 completion of the sale, the executive vice president now directly owns 218,239 shares in the company, valued at $34,259,158.22. This represents a 33.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Scott A. Hudson sold 56,000 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $157.00, for a total value of $8,792,000.00. Following the completion of the transaction, the executive vice president now owns 306,600 shares of the company's stock, valued at $48,136,200. This represents a 15.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 294,000 shares of company stock valued at $47,461,490 over the last three months. 1.42% of the stock is currently owned by corporate insiders.

Vistra Stock Down 0.2%

Vistra stock opened at $186.19 on Wednesday. The firm has a market capitalization of $63.18 billion, a price-to-earnings ratio of 29.28, a PEG ratio of 2.27 and a beta of 1.22. The company's 50 day simple moving average is $152.73 and its 200 day simple moving average is $146.50. The company has a debt-to-equity ratio of 6.53, a current ratio of 0.86 and a quick ratio of 0.77. Vistra Corp. has a fifty-two week low of $66.50 and a fifty-two week high of $199.84.

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 given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.48%. This is a boost from Vistra's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Wednesday, June 18th. Vistra's dividend payout ratio (DPR) is currently 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.

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