NewEdge Wealth LLC Has $35.89 Million Stock Position in Vistra Corp. (NYSE:VST)

Key Points

• NewEdge Wealth LLC decreased its stock position in Vistra Corp. by 19%, holding 305,598 shares worth approximately $35.89 million.
• Vistra recently declared a quarterly dividend of $0.226 per share, an increase from the previous $0.23, reflecting its commitment to returning capital to shareholders.
• Analyst ratings for Vistra are largely positive, with ten analysts issuing a buy rating and a consensus target price of $178.69, indicating investor confidence in the company's future performance.

NewEdge Wealth LLC lowered its position in Vistra Corp. (NYSE:VST - Free Report) by 19.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 305,598 shares of the company's stock after selling 71,640 shares during the period. NewEdge Wealth LLC owned 0.09% of Vistra worth $35,889,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Huntington National Bank lifted its holdings in shares of Vistra by 16.6% in the 4th quarter. Huntington National Bank now owns 1,347 shares of the company's stock worth $186,000 after purchasing an additional 192 shares in the last quarter. World Investment Advisors raised its holdings in Vistra by 24.9% during the fourth quarter. World Investment Advisors now owns 3,695 shares of the company's stock worth $509,000 after buying an additional 737 shares during the last quarter. Pitcairn Co. bought a new position in shares of Vistra in the fourth quarter valued at $202,000. Resona Asset Management Co. Ltd. acquired a new position in shares of Vistra during the fourth quarter valued at about $13,708,000. Finally, Wedbush Securities Inc. grew its holdings in shares of Vistra by 19.7% during the fourth quarter. Wedbush Securities Inc. now owns 8,754 shares of the company's stock valued at $1,207,000 after buying an additional 1,442 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.

Analyst Upgrades and Downgrades

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

Vistra Stock Performance

Shares of Vistra stock opened at $208.06 on Friday. The business's fifty day simple moving average is $184.27 and its 200 day simple moving average is $155.15. The company has a current ratio of 0.86, a quick ratio of 0.77 and a debt-to-equity ratio of 6.53. Vistra Corp. has a 12 month low of $66.50 and a 12 month high of $213.05. The firm has a market capitalization of $70.60 billion, a P/E ratio of 32.71, a price-to-earnings-growth ratio of 2.53 and a beta of 1.30.

Vistra Increases Dividend

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

Insider Buying and Selling at Vistra

In other Vistra news, Director John R. Sult sold 25,000 shares of the business's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $171.67, for a total value of $4,291,750.00. Following the transaction, the director directly owned 75,946 shares in the company, valued at $13,037,649.82. The trade was a 24.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Stephanie Zapata Moore sold 35,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $161.44, for a total transaction of $5,650,400.00. Following the sale, the executive vice president owned 88,073 shares of the company's stock, valued at approximately $14,218,505.12. The trade was a 28.44% decrease in their position. 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 in the last three months. 1.42% of the stock is owned by corporate insiders.

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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