Florida Financial Advisors LLC Purchases 3,818 Shares of Vistra Corp. (NYSE:VST)

Florida Financial Advisors LLC boosted its position in Vistra Corp. (NYSE:VST - Free Report) by 160.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,200 shares of the company's stock after acquiring an additional 3,818 shares during the quarter. Florida Financial Advisors LLC's holdings in Vistra were worth $728,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in VST. HM Payson & Co. increased its stake in Vistra by 275.4% in the first quarter. HM Payson & Co. now owns 229 shares of the company's stock valued at $27,000 after acquiring an additional 168 shares during the last quarter. Tucker Asset Management LLC bought a new stake in shares of Vistra in the fourth quarter worth $28,000. Ameriflex Group Inc. bought a new stake in shares of Vistra in the fourth quarter worth $32,000. Whittier Trust Co. lifted its holdings in Vistra by 1,611.8% in the fourth quarter. Whittier Trust Co. now owns 291 shares of the company's stock valued at $40,000 after buying an additional 274 shares during the period. Finally, Opal Wealth Advisors LLC acquired a new position in shares of Vistra during the first quarter valued at about $46,000. 90.88% of the stock is owned by institutional investors.

Vistra Stock Performance

Vistra stock traded down $2.70 during trading on Tuesday, hitting $192.11. The stock had a trading volume of 1,521,509 shares, compared to its average volume of 7,541,938. The stock has a market cap of $65.19 billion, a price-to-earnings ratio of 30.20, a price-to-earnings-growth ratio of 2.31 and a beta of 1.26. The stock's 50 day moving average is $170.58 and its two-hundred day moving average is $151.03. Vistra Corp. has a 1 year low of $66.50 and a 1 year high of $200.25. The company has a quick ratio of 0.77, a current ratio of 0.86 and a debt-to-equity ratio of 6.53.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th were given a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.90 annualized dividend and a dividend yield of 0.47%. This is an increase from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio is currently 14.15%.

Insider Activity

In related news, Director John R. Sult sold 25,000 shares of the stock in a transaction on 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 sale, the director owned 75,946 shares in the company, valued at approximately $13,037,649.82. This trade represents a 24.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Stephanie Zapata Moore sold 35,000 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $161.44, for a total value of $5,650,400.00. Following the completion of the sale, the executive vice president owned 88,073 shares in the company, valued at $14,218,505.12. This trade represents a 28.44% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 294,000 shares of company stock valued at $47,461,490. 1.42% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on VST. Raymond James Financial began coverage on Vistra in a research note on Friday, June 13th. They set a "strong-buy" rating and a $216.00 price target on the stock. Morgan Stanley boosted their price objective on Vistra from $178.00 to $186.00 and gave the stock an "overweight" rating in a report on Wednesday, June 18th. Evercore ISI set a $192.00 price objective on Vistra and gave the stock an "outperform" rating in a report on Thursday, May 15th. JPMorgan Chase & Co. decreased their price objective on Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a report on Friday, March 28th. Finally, The Goldman Sachs Group boosted their price objective on Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. 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 company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $176.92.

Vistra 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.