Prairie Wealth Advisors Inc. Buys New Stake in Vistra Corp. (NYSE:VST)

Prairie Wealth Advisors Inc. bought a new stake in Vistra Corp. (NYSE:VST - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 3,707 shares of the company's stock, valued at approximately $435,000.

A number of other hedge funds have also recently modified their holdings of the stock. Geode Capital Management LLC grew its position in shares of Vistra by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 8,539,243 shares of the company's stock valued at $1,174,326,000 after buying an additional 219,055 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Vistra by 63.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,260,363 shares of the company's stock worth $863,116,000 after purchasing an additional 2,433,732 shares during the period. Northern Trust Corp boosted its stake in Vistra by 10.9% during the 4th quarter. Northern Trust Corp now owns 3,026,484 shares of the company's stock worth $417,261,000 after purchasing an additional 296,714 shares during the period. Norges Bank acquired a new stake in Vistra during the 4th quarter worth $409,087,000. Finally, Castle Hook Partners LP boosted its stake in Vistra by 13.6% during the 4th quarter. Castle Hook Partners LP now owns 2,964,222 shares of the company's stock worth $408,677,000 after purchasing an additional 353,949 shares during the period. 90.88% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Vistra

In other Vistra news, Director Scott B. Helm sold 50,000 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $172.75, for a total transaction of $8,637,500.00. Following the completion of the sale, the director now directly owns 255,192 shares in the company, valued at $44,084,418. The trade was a 16.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John R. Sult sold 25,000 shares of the business's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $171.67, for a total transaction of $4,291,750.00. Following the sale, the director now owns 75,946 shares of the company's stock, valued at approximately $13,037,649.82. This represents a 24.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 294,000 shares of company stock worth $47,461,490. 1.42% of the stock is owned by company insiders.

Vistra Price Performance

Vistra stock opened at $185.14 on Monday. Vistra Corp. has a 1 year low of $66.50 and a 1 year high of $199.84. The firm has a 50 day moving average price of $149.84 and a 200 day moving average price of $146.04. The company has a market cap of $62.82 billion, a price-to-earnings ratio of 29.11, a PEG ratio of 2.25 and a beta of 1.22. The company has a debt-to-equity ratio of 6.53, a quick ratio of 0.77 and a current ratio of 0.86.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Wednesday, June 18th will be issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 0.49%. This is an increase from Vistra's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Wednesday, June 18th. Vistra's payout ratio is presently 14.15%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. UBS Group increased their price target on shares of Vistra from $160.00 to $207.00 and gave the stock a "buy" rating in a research note on Tuesday, June 17th. JPMorgan Chase & Co. lowered their target price on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. Raymond James Financial initiated coverage on shares of Vistra in a research note on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 price objective for the company. The Goldman Sachs Group raised their price objective on shares of Vistra from $134.00 to $164.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. Finally, Daiwa Capital Markets assumed coverage on shares of Vistra in a research note on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 price objective for the company. Three analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $176.92.

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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