Rockline Wealth Management LLC acquired a new stake in Vistra Corp. (NYSE:VST - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 9,401 shares of the company's stock, valued at approximately $1,104,000.
Several other large investors also recently modified their holdings of VST. Tucker Asset Management LLC bought a new stake in Vistra during the 4th quarter worth approximately $28,000. Cherry Tree Wealth Management LLC raised its stake in shares of Vistra by 2,030.0% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 213 shares of the company's stock worth $29,000 after acquiring an additional 203 shares during the last quarter. Ameriflex Group Inc. bought a new position in shares of Vistra in the fourth quarter worth about $32,000. Whipplewood Advisors LLC bought a new position in shares of Vistra in the fourth quarter worth about $39,000. Finally, Whittier Trust Co. raised its stake in shares of Vistra by 1,611.8% in the fourth quarter. Whittier Trust Co. now owns 291 shares of the company's stock worth $40,000 after acquiring an additional 274 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on the stock. Daiwa America raised shares of Vistra to a "hold" rating in a research note on Wednesday, March 5th. Morgan Stanley increased their price objective on Vistra from $178.00 to $186.00 and gave the company an "overweight" rating in a research report on Wednesday. Raymond James Financial assumed coverage on Vistra in a research report on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 price objective on the stock. Evercore ISI set a $192.00 price objective on Vistra and gave the company an "outperform" rating in a research report on Thursday, May 15th. Finally, JPMorgan Chase & Co. dropped their price objective on Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a report on Friday, March 28th. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $176.92.
Get Our Latest Analysis on VST
Vistra Trading Up 2.2%
Shares of VST stock traded up $4.01 during trading hours on Friday, reaching $185.14. The company had a trading volume of 6,584,340 shares, compared to its average volume of 7,255,992. The company has a 50 day moving average of $149.84 and a 200 day moving average of $146.14. The company has a debt-to-equity ratio of 6.53, a current ratio of 0.86 and a quick ratio of 0.77. The firm has a market cap of $62.82 billion, a price-to-earnings ratio of 29.11, a P/E/G ratio of 2.25 and a beta of 1.22. Vistra Corp. has a 1-year low of $66.50 and a 1-year high of $199.84.
Vistra Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Wednesday, June 18th will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend is Wednesday, June 18th. This is an increase from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio (DPR) is presently 14.15%.
Insider Buying and Selling
In related news, Director Scott B. Helm sold 20,000 shares of the firm's 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 sale, the director now owns 325,192 shares of the company's stock, valued at approximately $50,990,105.60. This trade represents a 5.79% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Carrie Lee Kirby sold 108,000 shares of the firm's stock in a transaction 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 now directly owns 218,239 shares in the company, valued at $34,259,158.22. The trade was a 33.10% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 294,000 shares of company stock valued at $47,461,490. 1.42% of the stock is owned by company insiders.
Vistra Profile
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Free Report)
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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