SteelPeak Wealth LLC Has $1.77 Million Holdings in Vistra Corp. (NYSE:VST)

SteelPeak Wealth LLC boosted its holdings in Vistra Corp. (NYSE:VST - Free Report) by 310.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,100 shares of the company's stock after buying an additional 11,420 shares during the quarter. SteelPeak Wealth LLC's holdings in Vistra were worth $1,773,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Paloma Partners Management Co boosted its stake in shares of Vistra by 1.0% during 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 in the last quarter. Sunbelt Securities Inc. boosted its stake in shares of Vistra by 1.6% during 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 in the last quarter. IHT Wealth Management LLC boosted its stake in shares of Vistra by 1.1% during 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 in the last quarter. EP Wealth Advisors LLC boosted its stake in shares of Vistra by 1.6% during the fourth quarter. EP Wealth Advisors LLC now owns 7,980 shares of the company's stock valued at $1,100,000 after purchasing an additional 125 shares in the last quarter. Finally, Flagship Harbor Advisors LLC boosted its stake in shares of Vistra by 4.0% during the first quarter. Flagship Harbor Advisors LLC now owns 3,391 shares of the company's stock valued at $398,000 after purchasing an additional 130 shares in the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on VST. UBS Group lifted their price target on Vistra from $160.00 to $207.00 and gave the company a "buy" rating in a research note on Tuesday, June 17th. The Goldman Sachs Group raised their price objective on Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Evercore ISI set a $192.00 price objective on Vistra and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Raymond James Financial started coverage on Vistra in a research report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 price objective for the company. Finally, Morgan Stanley raised their price objective on Vistra from $178.00 to $186.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 18th. Three analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $176.92.

Vistra Trading Up 0.4%

Shares of Vistra stock opened at $196.48 on Friday. 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 Corp. has a 52 week low of $66.50 and a 52 week high of $200.25. The stock has a 50 day moving average price of $170.58 and a two-hundred day moving average price of $150.93. The stock has a market capitalization of $66.67 billion, a PE ratio of 30.89, a price-to-earnings-growth ratio of 2.30 and a beta of 1.26.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend was Wednesday, June 18th. This is a boost from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio (DPR) is 14.15%.

Insider Transactions at Vistra

In other Vistra news, Director John R. Sult sold 25,000 shares of the firm's stock in a transaction that occurred on 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. This trade represents a 24.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Scott B. Helm sold 50,000 shares of the firm's 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 directly owned 255,192 shares of the company's stock, valued at $44,084,418. This trade represents a 16.38% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 294,000 shares of company stock valued at $47,461,490. Company insiders own 1.42% of the company's stock.

Vistra Profile

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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