Tounjian Advisory Partners LLC Takes Position in Vistra Corp. (NYSE:VST)

Tounjian Advisory Partners LLC bought a new position in Vistra Corp. (NYSE:VST - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 7,984 shares of the company's stock, valued at approximately $937,000.

Several other hedge funds also recently bought and sold shares of VST. Pathway Financial Advisers LLC raised its holdings in Vistra by 616.0% in the fourth quarter. Pathway Financial Advisers LLC now owns 179 shares of the company's stock worth $25,000 after purchasing an additional 154 shares during the period. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of Vistra during the fourth quarter worth $28,000. Tucker Asset Management LLC acquired a new stake in shares of Vistra during the fourth quarter worth $28,000. Cherry Tree Wealth Management LLC raised its holdings in shares of Vistra by 2,030.0% during the fourth quarter. Cherry Tree Wealth Management LLC now owns 213 shares of the company's stock worth $29,000 after acquiring an additional 203 shares during the period. Finally, Ameriflex Group Inc. acquired a new stake in shares of Vistra during the fourth quarter worth $32,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Vistra news, EVP Carrie Lee Kirby sold 108,000 shares of Vistra stock in a transaction dated Monday, May 19th. The shares were 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Scott B. Helm sold 20,000 shares of Vistra stock in a transaction dated Monday, May 19th. The stock was 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 trade represents a 5.79% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 294,000 shares of company stock valued at $47,461,490. Company insiders own 1.42% of the company's stock.

Vistra Stock Up 1.2%

Vistra stock traded up $2.01 during mid-day trading on Wednesday, reaching $166.66. The company's stock had a trading volume of 4,026,691 shares, compared to its average volume of 7,359,963. The company has a market capitalization of $56.55 billion, a price-to-earnings ratio of 31.09, a price-to-earnings-growth ratio of 1.12 and a beta of 1.22. Vistra Corp. has a 12 month low of $66.50 and a 12 month high of $199.84. The business's 50 day simple moving average is $138.77 and its 200 day simple moving average is $145.02. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date is Wednesday, June 18th. This is an increase from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio (DPR) is 14.15%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on VST. Morgan Stanley restated an "overweight" rating and set a $178.00 price objective (up from $172.00) on shares of Vistra in a report on Thursday, May 22nd. Daiwa America upgraded shares of Vistra to a "hold" rating in a report on Wednesday, March 5th. The Goldman Sachs Group raised their price objective on shares of Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Bank of America upgraded shares of Vistra from a "neutral" rating to a "buy" rating and dropped their price objective for the stock from $164.00 to $152.00 in a report on Tuesday, March 4th. Finally, UBS Group raised their price objective on shares of Vistra from $154.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $169.08.

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.