Focus Partners Wealth Increases Position in Vistra Corp. (NYSE:VST)

Focus Partners Wealth boosted its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 85.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,703 shares of the company's stock after purchasing an additional 2,635 shares during the period. Focus Partners Wealth's holdings in Vistra were worth $811,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VST. Norges Bank bought a new stake in Vistra during the 4th quarter valued at about $409,087,000. Massachusetts Financial Services Co. MA grew its stake in Vistra by 63.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,260,363 shares of the company's stock worth $863,116,000 after acquiring an additional 2,433,732 shares in the last quarter. Capital International Investors purchased a new position in shares of Vistra during the fourth quarter worth approximately $286,414,000. Raymond James Financial Inc. bought a new stake in shares of Vistra during the fourth quarter valued at approximately $237,441,000. Finally, Appaloosa LP boosted its holdings in shares of Vistra by 112.5% in the fourth quarter. Appaloosa LP now owns 2,700,000 shares of the company's stock valued at $372,249,000 after purchasing an additional 1,429,612 shares during the period. 90.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the company. Daiwa Capital Markets initiated coverage on Vistra in a report on Wednesday, March 5th. They set a "neutral" rating and a $120.00 price objective on the stock. JPMorgan Chase & Co. cut their price target on Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. UBS Group lifted their price objective on Vistra from $154.00 to $160.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Bank of America upgraded shares of Vistra from a "neutral" rating to a "buy" rating and dropped their target price for the stock from $164.00 to $152.00 in a report on Tuesday, March 4th. Finally, Morgan Stanley raised their target price on shares of Vistra from $172.00 to $178.00 and gave the company an "overweight" rating in a research report on Thursday. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $166.58.

Insider Transactions at Vistra

In other Vistra news, Director Paul M. Barbas sold 24,136 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $124.19, for a total value of $2,997,449.84. Following the completion of the sale, the director now directly owns 51,063 shares in the company, valued at approximately $6,341,513.97. This trade represents a 32.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Scott B. Helm sold 20,000 shares of the business's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $156.80, for a total value of $3,136,000.00. Following the sale, the director now owns 325,192 shares in the company, valued at $50,990,105.60. The trade was a 5.79% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 152,136 shares of company stock valued at $23,087,290. Corporate insiders own 1.42% of the company's stock.

Vistra Stock Up 1.5%

Shares of Vistra stock traded up $2.35 on Thursday, reaching $154.42. The stock had a trading volume of 4,531,119 shares, compared to its average volume of 7,532,217. Vistra Corp. has a 1 year low of $66.50 and a 1 year high of $199.84. The company has a 50 day moving average price of $127.45 and a 200 day moving average price of $142.80. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. The stock has a market capitalization of $52.40 billion, a P/E ratio of 28.81, a P/E/G ratio of 1.12 and a beta of 1.16.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th will be issued a $0.225 dividend. This is a positive change from Vistra's previous quarterly dividend of $0.22. This represents a $0.90 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend is Wednesday, June 18th. Vistra's payout ratio is currently 14.15%.

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.