Prosperity Wealth Management Inc. Has $942,000 Stake in Vistra Corp. (NYSE:VST)

Prosperity Wealth Management Inc. boosted its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 170.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,019 shares of the company's stock after buying an additional 5,051 shares during the quarter. Prosperity Wealth Management Inc.'s holdings in Vistra were worth $942,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Peregrine Asset Advisers Inc. grew its position in shares of Vistra by 3.2% in the fourth quarter. Peregrine Asset Advisers Inc. now owns 2,064 shares of the company's stock valued at $285,000 after purchasing an additional 64 shares during the last quarter. Paloma Partners Management Co grew its position in shares of Vistra by 1.0% in the fourth quarter. Paloma Partners Management Co now owns 8,000 shares of the company's stock valued at $1,103,000 after purchasing an additional 81 shares during the last quarter. Csenge Advisory Group grew its position in shares of Vistra by 1.7% in the fourth quarter. Csenge Advisory Group now owns 5,096 shares of the company's stock valued at $703,000 after purchasing an additional 83 shares during the last quarter. Sunbelt Securities Inc. grew its position in shares of Vistra by 1.6% in the fourth quarter. Sunbelt Securities Inc. now owns 6,409 shares of the company's stock valued at $898,000 after purchasing an additional 98 shares during the last quarter. Finally, IHT Wealth Management LLC grew its position in shares of Vistra by 1.1% in the fourth quarter. IHT Wealth Management LLC now owns 9,579 shares of the company's stock valued at $1,321,000 after purchasing an additional 106 shares during the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, 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 transaction, the director now owns 255,192 shares in the company, valued at approximately $44,084,418. The trade was a 16.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, 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 completion of the transaction, the executive vice president now 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 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. Company insiders own 1.42% of the company's stock.

Vistra Stock Up 0.3%

Shares of VST opened at $177.80 on Wednesday. The stock has a market cap of $60.33 billion, a price-to-earnings ratio of 27.96, a P/E/G ratio of 2.27 and a beta of 1.22. 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 12 month low of $66.50 and a 12 month high of $199.84. The company has a 50-day moving average price of $145.69 and a two-hundred day moving average price of $145.60.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th will be paid a dividend of $0.225 per share. This is a boost 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 yield of 0.51%. Vistra's dividend payout ratio (DPR) is currently 13.99%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on VST. The Goldman Sachs Group raised their price target on Vistra from $134.00 to $164.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. Daiwa Capital Markets initiated coverage on shares of Vistra in a research note on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 target price for the company. UBS Group increased their target price on shares of Vistra from $160.00 to $207.00 and gave the company a "buy" rating in a research note on Tuesday. JPMorgan Chase & Co. reduced their target price 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 reiterated an "overweight" rating and issued a $178.00 target price (up previously from $172.00) on shares of Vistra in a research note on Thursday, May 22nd. Three 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 company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $176.31.

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.

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