Stratos Wealth Partners LTD. Raises Holdings in Vistra Corp. (NYSE:VST)

Stratos Wealth Partners LTD. grew its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 42.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 15,960 shares of the company's stock after acquiring an additional 4,717 shares during the period. Stratos Wealth Partners LTD.'s holdings in Vistra were worth $1,874,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Amalgamated Bank raised its holdings in Vistra by 1.9% in the 1st quarter. Amalgamated Bank now owns 73,908 shares of the company's stock worth $8,680,000 after purchasing an additional 1,387 shares during the period. Kingswood Wealth Advisors LLC purchased a new position in shares of Vistra during the first quarter valued at about $341,000. Dynamic Advisor Solutions LLC purchased a new position in shares of Vistra during the first quarter valued at about $432,000. Wealthcare Advisory Partners LLC grew its position in shares of Vistra by 12.9% during the first quarter. Wealthcare Advisory Partners LLC now owns 1,955 shares of the company's stock valued at $230,000 after purchasing an additional 224 shares in the last quarter. Finally, Golden State Wealth Management LLC grew 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 purchasing an additional 381 shares in the last quarter. Hedge funds and other institutional investors own 90.88% of the company's stock.

Vistra Price Performance

VST stock traded up $0.70 during trading on Friday, reaching $196.48. 3,712,766 shares of the company were exchanged, compared to its average volume of 7,167,814. The company has a market cap of $66.67 billion, a P/E ratio of 25.26, a PEG ratio of 2.30 and a beta of 1.26. Vistra Corp. has a 52-week low of $66.50 and a 52-week high of $200.25. The stock's 50 day moving average price is $169.44 and its 200 day moving average price is $150.57. 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 firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th were given a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.90 dividend on an annualized basis and a yield of 0.46%. This is a boost from Vistra's previous quarterly dividend of $0.22. Vistra's payout ratio is presently 14.15%.

Analyst Upgrades and Downgrades

VST has been the subject of several analyst reports. Raymond James Financial initiated coverage on shares of Vistra in a research note on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 price objective for the company. Evercore ISI set a $192.00 price target on shares of Vistra and gave the company an "outperform" rating in a research note on Thursday, May 15th. Morgan Stanley lifted their price objective on shares of Vistra from $178.00 to $186.00 and gave the company an "overweight" rating in a report on Wednesday, June 18th. UBS Group lifted their price target on shares of Vistra from $160.00 to $207.00 and gave the stock a "buy" rating in a report on Tuesday, June 17th. Finally, JPMorgan Chase & Co. cut their price target on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. Three investment 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 MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $176.92.

Insider Activity at Vistra

In other news, Director John R. Sult sold 25,000 shares of the business's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $171.67, for a total value of $4,291,750.00. Following the completion of the transaction, the director owned 75,946 shares of the company's stock, valued at $13,037,649.82. The trade was a 24.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Scott A. Hudson sold 56,000 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $157.00, for a total transaction of $8,792,000.00. Following the completion of the transaction, the executive vice president directly owned 306,600 shares of the company's stock, valued at approximately $48,136,200. This represents a 15.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 294,000 shares of company stock valued at $47,461,490 in the last quarter. 1.42% of the stock is owned by corporate insiders.

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.