Westover Capital Advisors LLC Lowers Position in Vistra Corp. (NYSE:VST)

Key Points

• Westover Capital Advisors LLC reduced its stake in Vistra Corp. by 11.9%, now owning 50,908 shares valued at approximately $5.98 million.
• Vistra recently increased its quarterly dividend from $0.22 to $0.225 per share, with an annualized yield of 0.46%.
• Analyst ratings for Vistra show a Moderate Buy consensus with an average target price of $176.92, indicating positive sentiment among investment analysts.

Westover Capital Advisors LLC decreased its stake in Vistra Corp. (NYSE:VST - Free Report) by 11.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,908 shares of the company's stock after selling 6,901 shares during the quarter. Vistra makes up 1.3% of Westover Capital Advisors LLC's portfolio, making the stock its 19th biggest holding. Westover Capital Advisors LLC's holdings in Vistra were worth $5,979,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Amalgamated Bank lifted its stake in shares of Vistra by 1.9% during the 1st quarter. Amalgamated Bank now owns 73,908 shares of the company's stock valued at $8,680,000 after buying an additional 1,387 shares in the last quarter. Kingswood Wealth Advisors LLC bought a new stake in Vistra during the first quarter valued at about $341,000. Dynamic Advisor Solutions LLC purchased a new position in shares of Vistra in the first quarter valued at about $432,000. Envestnet Asset Management Inc. boosted its stake in shares of Vistra by 29.1% in the first quarter. Envestnet Asset Management Inc. now owns 255,629 shares of the company's stock worth $30,021,000 after acquiring an additional 57,551 shares during the period. Finally, Wealthcare Advisory Partners LLC grew its position in shares of Vistra by 12.9% during the first quarter. Wealthcare Advisory Partners LLC now owns 1,955 shares of the company's stock worth $230,000 after purchasing an additional 224 shares in the last quarter. Institutional investors own 90.88% of the company's stock.

Analyst Upgrades and Downgrades

VST has been the topic of a number of research analyst reports. Morgan Stanley boosted their price target on Vistra from $178.00 to $186.00 and gave the stock an "overweight" rating in a report on Wednesday, June 18th. Raymond James Financial initiated coverage on shares of Vistra in a research report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 target price for the company. UBS Group lifted their price target on shares of Vistra from $160.00 to $207.00 and gave the company a "buy" rating in a report on Tuesday, June 17th. The Goldman Sachs Group boosted their price target on shares of Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Finally, JPMorgan Chase & Co. cut their price objective on Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Vistra has an average rating of "Moderate Buy" and an average target price of $176.92.

Vistra Stock Down 1.9%

Shares of NYSE VST opened at $196.27 on Friday. The firm's 50-day moving average price is $178.79 and its 200-day moving average price is $153.69. The company has a current ratio of 0.86, a quick ratio of 0.77 and a debt-to-equity ratio of 6.53. The stock has a market capitalization of $66.60 billion, a price-to-earnings ratio of 30.86, a P/E/G ratio of 2.37 and a beta of 1.26. Vistra Corp. has a 12-month low of $66.50 and a 12-month high of $207.12.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th were paid a dividend of $0.225 per share. This is a boost from Vistra's previous quarterly dividend of $0.22. This represents a $0.90 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend was Wednesday, June 18th. Vistra's payout ratio is presently 14.15%.

Insider Buying and Selling at Vistra

In other news, Director John R. Sult sold 25,000 shares of Vistra 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 completion of the transaction, the director owned 75,946 shares in the company, valued at approximately $13,037,649.82. The trade was a 24.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Scott B. Helm sold 50,000 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $172.75, for a total value of $8,637,500.00. Following the transaction, the director directly owned 255,192 shares in the company, valued at approximately $44,084,418. This represents a 16.38% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 294,000 shares of company stock valued at $47,461,490. Corporate insiders own 1.42% of the company's stock.

About Vistra

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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