Grassi Investment Management Purchases 9,700 Shares of Vistra Corp. (NYSE:VST)

Grassi Investment Management increased its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 349.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,475 shares of the company's stock after acquiring an additional 9,700 shares during the quarter. Grassi Investment Management's holdings in Vistra were worth $1,465,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in VST. Caprock Group LLC lifted its holdings in Vistra by 37.0% during the 4th quarter. Caprock Group LLC now owns 3,329 shares of the company's stock valued at $459,000 after purchasing an additional 899 shares during the last quarter. DAVENPORT & Co LLC raised its position in shares of Vistra by 58.9% in the fourth quarter. DAVENPORT & Co LLC now owns 14,754 shares of the company's stock valued at $2,034,000 after purchasing an additional 5,467 shares during the period. Stratos Wealth Partners LTD. lifted its stake in shares of Vistra by 48.2% during the 4th quarter. Stratos Wealth Partners LTD. now owns 11,243 shares of the company's stock worth $1,550,000 after buying an additional 3,658 shares during the last quarter. Spirit of America Management Corp NY lifted its stake in shares of Vistra by 20.7% during the 4th quarter. Spirit of America Management Corp NY now owns 16,650 shares of the company's stock worth $2,296,000 after buying an additional 2,850 shares during the last quarter. Finally, Money Concepts Capital Corp boosted its holdings in shares of Vistra by 2.5% during the 4th quarter. Money Concepts Capital Corp now owns 6,635 shares of the company's stock worth $915,000 after buying an additional 164 shares during the period. 90.88% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on VST shares. Bank of America raised shares of Vistra from a "neutral" rating to a "buy" rating and lowered their price target for the company from $164.00 to $152.00 in a report on Tuesday, March 4th. The Goldman Sachs Group increased their target price on Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Daiwa America raised Vistra to a "hold" rating in a report on Wednesday, March 5th. Morgan Stanley reaffirmed an "overweight" rating and issued a $178.00 price objective (up from $172.00) on shares of Vistra in a report on Thursday, May 22nd. Finally, UBS Group increased their price objective on Vistra from $154.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $169.08.

Vistra Price Performance

Shares of VST traded up $2.86 during trading hours on Friday, hitting $173.73. 3,296,838 shares of the company were exchanged, compared to its average volume of 7,414,332. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. Vistra Corp. has a fifty-two week low of $66.50 and a fifty-two week high of $199.84. The company has a market cap of $58.95 billion, a price-to-earnings ratio of 32.41, a P/E/G ratio of 1.12 and a beta of 1.16. The firm's fifty day moving average is $135.76 and its 200 day moving average is $144.91.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th will be paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 0.52%. This is an increase from Vistra's previous quarterly dividend of $0.22. The ex-dividend date is Wednesday, June 18th. Vistra's dividend payout ratio is presently 14.15%.

Insider Buying and Selling at Vistra

In other news, EVP Stephanie Zapata Moore sold 35,000 shares of Vistra 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 transaction, the executive vice president now owns 88,073 shares in the company, valued at approximately $14,218,505.12. This trade represents a 28.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John William Pitesa acquired 1,500 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average price of $126.75 per share, with a total value of $190,125.00. Following the completion of the transaction, the director now owns 3,467 shares in the company, valued at $439,442.25. The trade was a 76.26% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 219,000 shares of company stock valued at $34,532,240 in the last ninety days. 1.42% of the stock is currently owned by company insiders.

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.