TD Private Client Wealth LLC Buys 3,767 Shares of Vistra Corp. (NYSE:VST)

TD Private Client Wealth LLC lifted its stake in shares of Vistra Corp. (NYSE:VST - Free Report) by 42.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,590 shares of the company's stock after acquiring an additional 3,767 shares during the quarter. TD Private Client Wealth LLC's holdings in Vistra were worth $1,479,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in VST. Paloma Partners Management Co boosted its position in Vistra by 1.0% in the 4th quarter. Paloma Partners Management Co now owns 8,000 shares of the company's stock valued at $1,103,000 after buying an additional 81 shares during the last quarter. Sunbelt Securities Inc. boosted its position in Vistra by 1.6% in the 4th quarter. Sunbelt Securities Inc. now owns 6,409 shares of the company's stock valued at $898,000 after buying an additional 98 shares during the last quarter. IHT Wealth Management LLC boosted its position in Vistra by 1.1% in the 4th quarter. IHT Wealth Management LLC now owns 9,579 shares of the company's stock valued at $1,321,000 after buying an additional 106 shares during the last quarter. EP Wealth Advisors LLC boosted its position in Vistra by 1.6% in the 4th quarter. EP Wealth Advisors LLC now owns 7,980 shares of the company's stock valued at $1,100,000 after buying an additional 125 shares during the last quarter. Finally, Flagship Harbor Advisors LLC boosted its position in Vistra by 4.0% in the 1st quarter. Flagship Harbor Advisors LLC now owns 3,391 shares of the company's stock valued at $398,000 after buying an additional 130 shares during the last quarter. Institutional investors own 90.88% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. UBS Group increased their price objective on Vistra from $160.00 to $207.00 and gave the company a "buy" rating in a research report on Tuesday, June 17th. 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 target on the stock. The Goldman Sachs Group raised their price target on Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Morgan Stanley raised their price objective on Vistra from $178.00 to $186.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 18th. Finally, Evercore ISI set a $192.00 price objective on Vistra and gave the stock an "outperform" rating in a research note on Thursday, May 15th. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $176.92.

Vistra Stock Up 3.5%

Shares of VST traded up $6.66 during midday trading on Wednesday, hitting $196.84. The stock had a trading volume of 6,926,915 shares, compared to its average volume of 7,173,355. The company has a 50 day simple moving average of $166.92 and a two-hundred day simple moving average of $149.86. Vistra Corp. has a twelve month low of $66.50 and a twelve month high of $200.10. The firm has a market cap of $66.79 billion, a price-to-earnings ratio of 30.95, a price-to-earnings-growth ratio of 2.28 and a beta of 1.26. The company has a debt-to-equity ratio of 6.53, a current ratio of 0.86 and a quick ratio of 0.77.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Wednesday, June 18th were given a $0.225 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.46%. This is an increase from Vistra's previous quarterly dividend of $0.22. Vistra's payout ratio is currently 14.15%.

Insiders Place Their Bets

In related news, EVP Scott A. Hudson sold 56,000 shares of Vistra stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $157.00, for a total value of $8,792,000.00. Following the sale, the executive vice president owned 306,600 shares of the company's stock, valued at approximately $48,136,200. The trade was a 15.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Scott B. Helm sold 50,000 shares of Vistra stock in a transaction dated 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 in the company, valued at approximately $44,084,418. This represents a 16.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 294,000 shares of company stock valued at $47,461,490 in the last quarter. 1.42% of the stock is currently owned by corporate insiders.

Vistra Company 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.