Perigon Wealth Management LLC Has $253,000 Position in Vistra Corp. (NYSE:VST)

Perigon Wealth Management LLC decreased its position in Vistra Corp. (NYSE:VST - Free Report) by 60.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,156 shares of the company's stock after selling 3,357 shares during the quarter. Perigon Wealth Management LLC's holdings in Vistra were worth $253,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in VST. Jones Financial Companies Lllp boosted its stake in Vistra by 355.8% in the fourth quarter. Jones Financial Companies Lllp now owns 6,408 shares of the company's stock valued at $883,000 after acquiring an additional 5,002 shares during the period. Kingswood Wealth Advisors LLC acquired a new position in Vistra during the 1st quarter valued at approximately $341,000. Dynamic Advisor Solutions LLC bought a new position in Vistra during the 1st quarter worth $432,000. Wealthcare Advisory Partners LLC grew its stake in Vistra by 12.9% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 1,955 shares of the company's stock worth $230,000 after buying an additional 224 shares during the last quarter. Finally, Meeder Asset Management Inc. increased its position in Vistra by 186.6% in the fourth quarter. Meeder Asset Management Inc. now owns 44,487 shares of the company's stock worth $6,133,000 after buying an additional 28,967 shares during the period. 90.88% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

VST has been the subject of several recent research reports. The Goldman Sachs Group upped their price target on shares of Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Morgan Stanley upped their target price on shares of Vistra from $178.00 to $186.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 18th. Daiwa Capital Markets initiated coverage on shares of Vistra in a research note on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 price target on the stock. UBS Group boosted their price objective on Vistra from $160.00 to $207.00 and gave the stock a "buy" rating in a research report on Tuesday, June 17th. Finally, Raymond James Financial began coverage on Vistra in a research report on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Vistra has a consensus rating of "Moderate Buy" and an average target price of $176.92.

Vistra Price Performance

NYSE:VST traded up $1.77 during trading hours on Wednesday, reaching $186.87. 3,262,191 shares of the company's stock were exchanged, compared to its average volume of 7,160,019. The company has a quick ratio of 0.77, a current ratio of 0.86 and a debt-to-equity ratio of 6.53. The company has a market capitalization of $63.41 billion, a P/E ratio of 29.38, a price-to-earnings-growth ratio of 2.28 and a beta of 1.26. Vistra Corp. has a 12 month low of $66.50 and a 12 month high of $199.84. The business's 50-day simple moving average is $160.43 and its two-hundred day simple moving average is $148.06.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Wednesday, June 18th were given a $0.225 dividend. This is a positive change from Vistra's previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.48%. Vistra's dividend payout ratio (DPR) is 14.15%.

Insiders Place Their Bets

In related news, EVP Scott A. Hudson sold 56,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $157.00, for a total value of $8,792,000.00. Following the completion of the transaction, the executive vice president owned 306,600 shares of the company's stock, valued at approximately $48,136,200. This trade represents a 15.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 directly owned 88,073 shares in the company, valued at approximately $14,218,505.12. This trade represents a 28.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 294,000 shares of company stock worth $47,461,490 over the last three months. Company insiders own 1.42% of the company's stock.

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.