Valliance Asset Management Ltd Takes $2.35 Million Position in Vistra Corp. (NYSE:VST)

Key Points

• Valliance Asset Management Ltd has invested approximately $2.35 million in Vistra Corp. (NYSE: VST), acquiring 20,000 shares, which represents 5.3% of their investment portfolio.
• Multiple institutional investors have increased their stakes in Vistra, including HM Payson & Co. which boosted its position by 275.4% during the first quarter.
• Vistra recently declared a quarterly dividend of $0.225 per share, reflecting an increase from the previous $0.22, with an annualized dividend yield of 0.46%.

Valliance Asset Management Ltd purchased a new stake in Vistra Corp. (NYSE:VST - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 20,000 shares of the company's stock, valued at approximately $2,349,000. Vistra makes up 5.3% of Valliance Asset Management Ltd's holdings, making the stock its 3rd biggest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Paloma Partners Management Co raised its holdings in shares of Vistra by 1.0% in the fourth quarter. Paloma Partners Management Co now owns 8,000 shares of the company's stock worth $1,103,000 after acquiring an additional 81 shares during the last quarter. Sunbelt Securities Inc. raised its holdings in shares of Vistra by 1.6% in the fourth quarter. Sunbelt Securities Inc. now owns 6,409 shares of the company's stock worth $898,000 after acquiring an additional 98 shares during the last quarter. Dynasty Wealth Management LLC raised its holdings in shares of Vistra by 4.9% in the first quarter. Dynasty Wealth Management LLC now owns 2,266 shares of the company's stock worth $266,000 after acquiring an additional 105 shares during the last quarter. IHT Wealth Management LLC raised its holdings in shares of Vistra by 1.1% in the fourth quarter. IHT Wealth Management LLC now owns 9,579 shares of the company's stock worth $1,321,000 after acquiring an additional 106 shares during the last quarter. Finally, EP Wealth Advisors LLC raised its holdings in shares of Vistra by 1.6% in the fourth quarter. EP Wealth Advisors LLC now owns 7,980 shares of the company's stock worth $1,100,000 after acquiring an additional 125 shares during the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Vistra

In related news, Director John R. Sult sold 25,000 shares of the business's stock in a transaction dated 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 transaction, the director owned 75,946 shares in the company, valued at approximately $13,037,649.82. The trade was a 24.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Scott B. Helm sold 50,000 shares of the company'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 sale, the director owned 255,192 shares in the company, valued at $44,084,418. The trade was a 16.38% 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 over the last 90 days. Corporate insiders own 1.42% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Raymond James Financial assumed coverage on Vistra in a report on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 price target for the company. Morgan Stanley lifted their price objective on Vistra from $178.00 to $186.00 and gave the company an "overweight" rating in a research report on Wednesday, June 18th. The Goldman Sachs Group lifted their price objective on Vistra from $134.00 to $164.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. UBS Group lifted their price objective on Vistra from $207.00 to $230.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Finally, Evercore ISI set a $192.00 price objective on Vistra and gave the company an "outperform" rating in a research report on Thursday, May 15th. Three research 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $178.69.

Vistra Trading Down 0.1%

VST stock traded down $0.29 during trading on Friday, reaching $208.25. 4,541,211 shares of the stock traded hands, compared to its average volume of 7,352,040. The business's 50 day moving average price is $183.29 and its 200-day moving average price is $154.98. Vistra Corp. has a 52-week low of $66.50 and a 52-week high of $213.05. The company has a debt-to-equity ratio of 6.53, a current ratio of 0.86 and a quick ratio of 0.77. The firm has a market capitalization of $70.66 billion, a PE ratio of 32.81, a P/E/G ratio of 2.52 and a beta of 1.26.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th will be paid a dividend of $0.226 per share. This is a boost from Vistra's previous quarterly dividend of $0.23. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Friday, September 19th. Vistra's payout ratio is presently 14.15%.

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.