Legacy CG LLC Increases Stock Position in Vistra Corp. (NYSE:VST)

Legacy CG LLC grew its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 114.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,133 shares of the company's stock after purchasing an additional 17,693 shares during the period. Legacy CG LLC's holdings in Vistra were worth $3,891,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in VST. Tucker Asset Management LLC purchased a new stake in Vistra during the fourth quarter valued at $28,000. Ameriflex Group Inc. bought a new stake in shares of Vistra in the 4th quarter worth about $32,000. Whipplewood Advisors LLC purchased a new stake in shares of Vistra during the 4th quarter valued at about $39,000. Whittier Trust Co. lifted its holdings in shares of Vistra by 1,611.8% in the 4th quarter. Whittier Trust Co. now owns 291 shares of the company's stock valued at $40,000 after acquiring an additional 274 shares during the last quarter. Finally, Opal Wealth Advisors LLC purchased a new position in Vistra in the first quarter worth about $46,000. Hedge funds and other institutional investors own 90.88% of the company's stock.

Insider Activity at Vistra

In other news, EVP Stephanie Zapata Moore sold 35,000 shares of the company's 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 sale, the executive vice president now owns 88,073 shares of the company's stock, valued at approximately $14,218,505.12. This represents a 28.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Carrie Lee Kirby sold 108,000 shares of Vistra stock in a transaction that occurred on Monday, May 19th. The shares were 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 approximately $34,259,158.22. The trade was a 33.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 294,000 shares of company stock worth $47,461,490. Company insiders own 1.42% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Daiwa America upgraded Vistra to a "hold" rating in a research report on Wednesday, March 5th. The Goldman Sachs Group boosted their target price on Vistra from $134.00 to $164.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. Evercore ISI set a $192.00 price target on Vistra and gave the stock an "outperform" rating in a research report on Thursday, May 15th. JPMorgan Chase & Co. dropped their price objective 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. Finally, Morgan Stanley increased their target price 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. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $176.92.

Vistra Trading Up 2.2%

Shares of VST opened at $190.46 on Friday. The firm has a market capitalization of $64.63 billion, a price-to-earnings ratio of 29.95, a PEG ratio of 2.19 and a beta of 1.22. 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 1-year low of $66.50 and a 1-year high of $199.84. The company has a 50-day moving average of $155.64 and a 200 day moving average of $147.07.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend is Wednesday, June 18th. This is an increase from Vistra's previous quarterly dividend of $0.22. Vistra's payout ratio is currently 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.

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