Warther Private Wealth LLC Makes New Investment in Vistra Corp. (NYSE:VST)

Warther Private Wealth LLC bought a new position in shares of Vistra Corp. (NYSE:VST - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 114,045 shares of the company's stock, valued at approximately $13,393,000. Vistra comprises 4.4% of Warther Private Wealth LLC's holdings, making the stock its 10th largest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its position in shares of Vistra by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 8,539,243 shares of the company's stock worth $1,174,326,000 after purchasing an additional 219,055 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Vistra by 63.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,260,363 shares of the company's stock worth $863,116,000 after purchasing an additional 2,433,732 shares during the period. Northern Trust Corp raised its position in shares of Vistra by 10.9% during the fourth quarter. Northern Trust Corp now owns 3,026,484 shares of the company's stock worth $417,261,000 after purchasing an additional 296,714 shares during the period. Norges Bank acquired a new stake in shares of Vistra during the fourth quarter worth about $409,087,000. Finally, Castle Hook Partners LP raised its position in shares of Vistra by 13.6% during the fourth quarter. Castle Hook Partners LP now owns 2,964,222 shares of the company's stock worth $408,677,000 after purchasing an additional 353,949 shares during the period. Institutional investors own 90.88% of the company's stock.

Vistra Stock Down 0.1%

NYSE:VST opened at $173.68 on Monday. The firm has a market capitalization of $58.94 billion, a price-to-earnings ratio of 32.40, a price-to-earnings-growth ratio of 1.12 and a beta of 1.22. Vistra Corp. has a twelve month low of $66.50 and a twelve month high of $199.84. The stock's 50 day moving average price is $143.01 and its two-hundred day moving average price is $145.25. 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 Increases Dividend

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on VST. Bank of America raised Vistra from a "neutral" rating to a "buy" rating and dropped their price target for the stock from $164.00 to $152.00 in a research report on Tuesday, March 4th. Morgan Stanley reaffirmed an "overweight" rating and set a $178.00 price target (up previously from $172.00) on shares of Vistra in a research report on Thursday, May 22nd. Daiwa Capital Markets initiated coverage on Vistra in a research report on Wednesday, March 5th. They set a "neutral" rating and a $120.00 price target on the stock. JPMorgan Chase & Co. dropped their target price on Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. Finally, Daiwa America raised Vistra to a "hold" rating in a research report on Wednesday, March 5th. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $172.69.

Insiders Place Their Bets

In other Vistra news, Director Scott B. Helm sold 20,000 shares of the business's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $156.80, for a total transaction of $3,136,000.00. Following the transaction, the director now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John R. Sult sold 25,000 shares of the business's stock in a transaction that occurred 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 transaction, the director now directly owns 75,946 shares in the company, valued at $13,037,649.82. The trade was a 24.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 294,000 shares of company stock valued at $47,461,490 in the last 90 days. 1.42% of the stock is currently owned by insiders.

Vistra Company 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.

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