Prakash Investment Advisors LLC Makes New Investment in Vistra Corp. (NYSE:VST)

Prakash Investment Advisors LLC acquired a new stake in shares of Vistra Corp. (NYSE:VST - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,210 shares of the company's stock, valued at approximately $377,000.

Several other hedge funds have also recently made changes to their positions in the stock. Tucker Asset Management LLC purchased a new stake in Vistra during the fourth quarter valued at approximately $28,000. Ameriflex Group Inc. purchased a new stake in Vistra during the fourth quarter valued at approximately $32,000. Whipplewood Advisors LLC purchased a new stake in Vistra during the fourth quarter valued at approximately $39,000. Whittier Trust Co. increased its holdings in 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 buying an additional 274 shares during the last quarter. Finally, Opal Wealth Advisors LLC purchased a new stake in Vistra during the first quarter valued at approximately $46,000. 90.88% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Vistra news, EVP Carrie Lee Kirby sold 108,000 shares of Vistra stock in a transaction on Monday, May 19th. The shares were sold at an average price of $156.98, for a total value of $16,953,840.00. Following the completion of the transaction, the executive vice president now directly owns 218,239 shares of the company's stock, valued at $34,259,158.22. This trade represents a 33.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Scott B. Helm sold 20,000 shares of Vistra stock in a transaction on Monday, May 19th. The stock was sold at an average price of $156.80, for a total transaction of $3,136,000.00. Following the completion of the transaction, the director now directly owns 325,192 shares of the company's stock, valued at $50,990,105.60. The trade was a 5.79% 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. 1.42% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on VST. Bank of America raised shares of Vistra from a "neutral" rating to a "buy" rating and reduced their target price for the company from $164.00 to $152.00 in a report on Tuesday, March 4th. Evercore ISI set a $192.00 price objective on shares of Vistra and gave the stock an "outperform" rating in a research note on Thursday, May 15th. Daiwa Capital Markets started 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. 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 price objective for the company. Finally, Daiwa America raised shares of Vistra to a "hold" rating in a research note on Wednesday, March 5th. 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 stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $176.92.

Vistra Price Performance

Shares of NYSE:VST traded up $4.98 during midday trading on Friday, reaching $195.38. 8,887,881 shares of the company were exchanged, compared to its average volume of 7,187,770. 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's fifty day moving average is $157.24 and its two-hundred day moving average is $147.45. Vistra Corp. has a one year low of $66.50 and a one year high of $199.84. The stock has a market cap of $66.30 billion, a PE ratio of 30.72, a price-to-earnings-growth ratio of 2.30 and a beta of 1.22.

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 given a dividend of $0.225 per share. This is a positive change from Vistra's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.46%. Vistra's dividend 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.