SGL Investment Advisors Inc. Takes Position in Vistra Corp. (NYSE:VST)

Key Points

• SGL Investment Advisors Inc. has acquired a new position in Vistra Corp. by purchasing 4,545 shares valued at approximately $534,000, according to a recent SEC filing.
• Insider activity shows significant share sales at Vistra, including EVP Carrie Lee Kirby selling 108,000 shares and Director John R. Sult selling 25,000 shares, indicating changes in ownership among executives.
• Vistra Corp. recently declared a quarterly dividend increase to $0.226 per share, with a payout date of September 30, representing an annualized yield of 0.4%.

SGL Investment Advisors Inc. bought a new position in shares of Vistra Corp. (NYSE:VST - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,545 shares of the company's stock, valued at approximately $534,000.

Several other large investors have also made changes to their positions in VST. HM Payson & Co. increased its holdings in shares of Vistra by 275.4% in the 1st quarter. HM Payson & Co. now owns 229 shares of the company's stock worth $27,000 after buying an additional 168 shares during the last quarter. Ameriflex Group Inc. bought a new position in shares of Vistra during the fourth quarter valued at approximately $32,000. Opal Wealth Advisors LLC bought a new stake in shares of Vistra during the first quarter valued at approximately $46,000. Golden State Wealth Management LLC increased its position in shares of Vistra by 2,540.0% during the first quarter. Golden State Wealth Management LLC now owns 396 shares of the company's stock valued at $47,000 after acquiring an additional 381 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA boosted its holdings in Vistra by 53.9% in the first quarter. Compagnie Lombard Odier SCmA now owns 431 shares of the company's stock worth $51,000 after purchasing an additional 151 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.

Insider Activity at Vistra

In related news, EVP Carrie Lee Kirby sold 108,000 shares of Vistra stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 218,239 shares in the company, valued at $34,259,158.22. This trade represents a 33.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John R. Sult sold 25,000 shares of Vistra stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $171.67, for a total value of $4,291,750.00. Following the completion of the sale, the director owned 75,946 shares of the company's stock, valued at approximately $13,037,649.82. The trade was a 24.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, 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 Stock Performance

NYSE:VST opened at $208.06 on Friday. Vistra Corp. has a twelve month low of $66.50 and a twelve month high of $213.05. 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 company has a 50-day moving average of $184.27 and a 200-day moving average of $155.15. The firm has a market cap of $70.60 billion, a price-to-earnings ratio of 32.71, a price-to-earnings-growth ratio of 2.53 and a beta of 1.30.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th will be issued a dividend of $0.226 per share. This represents a $0.90 annualized dividend and a yield of 0.4%. This is a boost from Vistra's previous quarterly dividend of $0.23. The ex-dividend date is Friday, September 19th. Vistra's dividend payout ratio is 14.15%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on VST. Raymond James Financial started coverage on shares of Vistra in a research note on Friday, June 13th. They set a "strong-buy" rating and a $216.00 price target for the company. Evercore ISI set a $192.00 price objective on shares of Vistra and gave the company an "outperform" rating in a research note on Thursday, May 15th. Morgan Stanley lifted their target price on shares of Vistra from $178.00 to $186.00 and gave the company an "overweight" rating in a report on Wednesday, June 18th. The Goldman Sachs Group upped their target price on shares of Vistra from $134.00 to $164.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. Finally, UBS Group upped their price target on Vistra from $207.00 to $230.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average 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.

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