Wealth Enhancement Advisory Services LLC Increases Stake in Vistra Corp. (NYSE:VST)

Wealth Enhancement Advisory Services LLC lifted its stake in Vistra Corp. (NYSE:VST - Free Report) by 239.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 142,259 shares of the company's stock after purchasing an additional 100,400 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Vistra were worth $19,613,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Peregrine Asset Advisers Inc. lifted its holdings in shares of Vistra by 3.2% during the fourth quarter. Peregrine Asset Advisers Inc. now owns 2,064 shares of the company's stock worth $285,000 after purchasing an additional 64 shares during the period. Avior Wealth Management LLC raised its position in Vistra by 56.5% during the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company's stock worth $25,000 after buying an additional 65 shares during the last quarter. Paloma Partners Management Co raised its position in Vistra by 1.0% during the 4th quarter. Paloma Partners Management Co now owns 8,000 shares of the company's stock worth $1,103,000 after buying an additional 81 shares during the last quarter. Csenge Advisory Group lifted its stake in Vistra by 1.7% during the 4th quarter. Csenge Advisory Group now owns 5,096 shares of the company's stock valued at $703,000 after acquiring an additional 83 shares during the period. Finally, Sunbelt Securities Inc. lifted its stake in Vistra by 1.6% during the 4th quarter. Sunbelt Securities Inc. now owns 6,409 shares of the company's stock valued at $898,000 after acquiring an additional 98 shares during the period. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director John William Pitesa purchased 1,500 shares of Vistra stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average price of $126.75 per share, for a total transaction of $190,125.00. Following the transaction, the director now directly owns 3,467 shares in the company, valued at approximately $439,442.25. This trade represents a 76.26% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Carrie Lee Kirby sold 108,000 shares of Vistra stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $156.98, for a total value of $16,953,840.00. Following the completion of the sale, the executive vice president now owns 218,239 shares in the company, valued at approximately $34,259,158.22. The trade was a 33.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 219,000 shares of company stock valued at $34,532,240. 1.42% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on VST. Daiwa America raised shares of Vistra to a "hold" rating in a report on Wednesday, March 5th. Daiwa Capital Markets initiated coverage on Vistra in a research note on Wednesday, March 5th. They set a "neutral" rating and a $120.00 price objective for the company. Morgan Stanley reissued an "overweight" rating and issued a $178.00 price objective (up previously from $172.00) on shares of Vistra in a report on Thursday, May 22nd. UBS Group raised their target price on Vistra from $154.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Finally, Evercore ISI set a $192.00 price target on Vistra and gave the company an "outperform" rating in a research report on Thursday, May 15th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Vistra presently has a consensus rating of "Moderate Buy" and a consensus target price of $169.08.

Vistra Price Performance

VST traded up $8.56 during trading on Tuesday, hitting $176.03. The company's stock had a trading volume of 9,973,606 shares, compared to its average volume of 7,477,300. The firm has a market capitalization of $59.73 billion, a price-to-earnings ratio of 32.84, a P/E/G ratio of 1.12 and a beta of 1.16. Vistra Corp. has a twelve month low of $66.50 and a twelve month high of $199.84. The business's fifty day simple moving average is $132.48 and its 200 day simple moving average is $144.33. The company has a current ratio of 1.11, a quick ratio of 0.99 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. Investors of record on Wednesday, June 18th will be paid a $0.225 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $0.90 dividend on an annualized basis and a yield of 0.51%. This is a boost from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio (DPR) is currently 14.15%.

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.