GPS Wealth Strategies Group LLC Increases Holdings in Vistra Corp. (NYSE:VST)

GPS Wealth Strategies Group LLC raised its holdings in Vistra Corp. (NYSE:VST - Free Report) by 106.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,916 shares of the company's stock after buying an additional 31,931 shares during the period. Vistra comprises about 1.0% of GPS Wealth Strategies Group LLC's holdings, making the stock its 20th largest position. GPS Wealth Strategies Group LLC's holdings in Vistra were worth $7,271,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fifth Third Bancorp grew its holdings in shares of Vistra by 519.6% during the first quarter. Fifth Third Bancorp now owns 40,267 shares of the company's stock worth $4,729,000 after purchasing an additional 33,768 shares during the last quarter. Simon Quick Advisors LLC grew its holdings in shares of Vistra by 26.6% during the first quarter. Simon Quick Advisors LLC now owns 3,765 shares of the company's stock worth $442,000 after purchasing an additional 791 shares during the last quarter. CX Institutional grew its holdings in shares of Vistra by 49.8% during the first quarter. CX Institutional now owns 1,881 shares of the company's stock worth $221,000 after purchasing an additional 625 shares during the last quarter. Moseley Investment Management Inc. grew its holdings in shares of Vistra by 16.6% during the first quarter. Moseley Investment Management Inc. now owns 2,098 shares of the company's stock worth $246,000 after purchasing an additional 299 shares during the last quarter. Finally, SJS Investment Consulting Inc. grew its holdings in shares of Vistra by 44.5% during the first quarter. SJS Investment Consulting Inc. now owns 1,257 shares of the company's stock worth $148,000 after purchasing an additional 387 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Scott B. Helm sold 20,000 shares of the business's stock in a transaction on Monday, May 19th. The shares were 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 directly owns 325,192 shares of the company's stock, valued at $50,990,105.60. The trade was a 5.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Stephanie Zapata Moore sold 35,000 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $161.44, for a total transaction of $5,650,400.00. Following the sale, the executive vice president now directly owns 88,073 shares of the company's stock, valued at $14,218,505.12. This represents a 28.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 294,000 shares of company stock worth $47,461,490. Company insiders own 1.42% of the company's stock.

Wall Street Analyst Weigh In

VST has been the topic of several research reports. JPMorgan Chase & Co. dropped their price objective on Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. Daiwa Capital Markets started coverage on Vistra in a report on Wednesday, March 5th. They set a "neutral" rating and a $120.00 price target on the stock. Morgan Stanley reissued an "overweight" rating and set a $178.00 price target (up previously from $172.00) on shares of Vistra in a report on Thursday, May 22nd. 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 report on Friday, May 23rd. Finally, UBS Group raised their price target on 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. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $169.08.

Vistra Stock Performance

VST traded up $6.88 during trading on Thursday, reaching $173.67. The company's stock had a trading volume of 4,343,930 shares, compared to its average volume of 7,342,268. Vistra Corp. has a 52-week low of $66.50 and a 52-week high of $199.84. The company's fifty day moving average price is $140.15 and its 200-day moving average price is $145.17. The company has a market capitalization of $58.93 billion, a price-to-earnings ratio of 32.40, a price-to-earnings-growth ratio of 1.12 and a beta of 1.22. 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 business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.52%. This is an increase from Vistra's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Wednesday, June 18th. Vistra's dividend payout ratio (DPR) is presently 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.