Principle Wealth Partners LLC Makes New $1.30 Million Investment in Vistra Corp. (NYSE:VST)

Principle Wealth Partners LLC purchased a new position in Vistra Corp. (NYSE:VST - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 11,080 shares of the company's stock, valued at approximately $1,301,000.

Other hedge funds also recently added to or reduced their stakes in the company. LPL Financial LLC boosted its stake in shares of Vistra by 58.3% in the fourth quarter. LPL Financial LLC now owns 315,464 shares of the company's stock worth $43,493,000 after buying an additional 116,226 shares during the last quarter. TD Asset Management Inc. increased its position in shares of Vistra by 17.4% in the fourth quarter. TD Asset Management Inc. now owns 1,196,258 shares of the company's stock valued at $164,928,000 after buying an additional 176,872 shares in the last quarter. Florida Financial Advisors LLC purchased a new stake in shares of Vistra in the fourth quarter valued at approximately $328,000. Situational Awareness LP purchased a new stake in shares of Vistra in the fourth quarter valued at approximately $59,063,000. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in shares of Vistra during the fourth quarter worth approximately $317,000. 90.88% of the stock is owned by institutional investors and hedge funds.

Vistra Stock Performance

NYSE:VST traded down $3.94 during mid-day trading on Friday, reaching $192.30. 5,488,114 shares of the stock were exchanged, compared to its average volume of 4,904,095. The company has a 50 day simple moving average of $179.50 and a 200-day simple moving average of $153.89. The stock has a market capitalization of $65.25 billion, a P/E ratio of 30.24, a P/E/G ratio of 2.32 and a beta of 1.26. The company has a quick ratio of 0.77, a current ratio of 0.86 and a debt-to-equity ratio of 6.53. Vistra Corp. has a 1 year low of $66.50 and a 1 year high of $207.12.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Wednesday, June 18th were given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 0.47%. This is a positive change from Vistra's previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Wednesday, June 18th. Vistra's dividend payout ratio (DPR) is 14.15%.

Insider Transactions at Vistra

In related news, EVP Carrie Lee Kirby sold 108,000 shares of Vistra stock in a transaction that occurred on 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 sale, the executive vice president directly owned 218,239 shares in the company, valued at $34,259,158.22. The trade was a 33.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Scott B. Helm sold 50,000 shares of Vistra stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $172.75, for a total value of $8,637,500.00. Following the completion of the sale, the director owned 255,192 shares in the company, valued at approximately $44,084,418. This trade represents a 16.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 294,000 shares of company stock worth $47,461,490 over the last quarter. 1.42% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Morgan Stanley boosted their price target on Vistra from $178.00 to $186.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 18th. The Goldman Sachs Group boosted their price objective on Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. 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 research note on Friday, March 28th. Evercore ISI set a $192.00 price target on Vistra and gave the company an "outperform" rating in a research note on Thursday, May 15th. Finally, UBS Group upped their price target on Vistra from $207.00 to $230.00 and gave the company a "buy" rating in a research note on Friday. 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 stock. According to MarketBeat.com, Vistra currently has an average rating of "Moderate Buy" and a consensus target price of $178.69.

About Vistra

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.