Sowell Financial Services LLC purchased a new position in Vistra Corp. (NYSE:VST - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,842 shares of the company's stock, valued at approximately $804,000.
Other large investors also recently modified their holdings of the company. Tucker Asset Management LLC bought a new stake in Vistra during the 4th quarter worth approximately $28,000. Cherry Tree Wealth Management LLC grew its position in shares of Vistra by 2,030.0% during the 4th quarter. Cherry Tree Wealth Management LLC now owns 213 shares of the company's stock valued at $29,000 after purchasing an additional 203 shares in the last quarter. Ameriflex Group Inc. bought a new position in shares of Vistra in the fourth quarter worth $32,000. Whipplewood Advisors LLC bought a new position in shares of Vistra in the fourth quarter worth $39,000. Finally, Whittier Trust Co. raised its position 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 buying an additional 274 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors.
Vistra Trading Up 1.9%
Shares of VST stock traded up $3.42 on Thursday, hitting $181.17. 5,285,951 shares of the company's stock traded hands, compared to its average volume of 7,301,349. The stock has a market capitalization of $61.48 billion, a price-to-earnings ratio of 28.49, a P/E/G ratio of 2.16 and a beta of 1.22. The company's fifty day simple moving average is $146.93 and its 200 day simple moving average is $145.85. Vistra Corp. has a one year low of $66.50 and a one year high of $199.84. The company has a debt-to-equity ratio of 6.53, a quick ratio of 0.77 and a current ratio of 0.86.
Vistra Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders 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. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend is Wednesday, June 18th. Vistra's dividend payout ratio (DPR) is 13.99%.
Analyst Ratings Changes
Several research firms recently commented on VST. Daiwa Capital Markets initiated coverage on Vistra in a research report on Wednesday, March 5th. They set a "neutral" rating and a $120.00 target price for the company. The Goldman Sachs Group lifted 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. JPMorgan Chase & Co. decreased their price objective on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. Daiwa America raised shares of Vistra to a "hold" rating in a research note on Wednesday, March 5th. Finally, Evercore ISI set a $192.00 target price on shares of Vistra and gave the company an "outperform" rating in a research report on Thursday, May 15th. Three 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 MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $176.92.
Check Out Our Latest Report on VST
Insider Transactions at Vistra
In other Vistra news, Director Scott B. Helm sold 20,000 shares of the stock in a transaction on Monday, May 19th. The shares were sold at an average price of $156.80, for a total transaction of $3,136,000.00. Following the completion of the sale, the director now owns 325,192 shares of the company's stock, valued at $50,990,105.60. This represents a 5.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Carrie Lee Kirby sold 108,000 shares of the business's stock in a transaction dated 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 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. Over the last quarter, insiders have sold 294,000 shares of company stock worth $47,461,490. Company insiders own 1.42% of the company's stock.
About Vistra
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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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