NewEdge Wealth LLC increased its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 13.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 314,535 shares of the company's stock after acquiring an additional 37,864 shares during the quarter. NewEdge Wealth LLC owned approximately 0.09% of Vistra worth $12,116,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of VST. FinTrust Capital Advisors LLC bought a new stake in Vistra during the third quarter worth $26,000. Blue Trust Inc. lifted its holdings in Vistra by 160.7% during the fourth quarter. Blue Trust Inc. now owns 717 shares of the company's stock worth $28,000 after acquiring an additional 442 shares during the period. Fifth Third Bancorp purchased a new stake in Vistra in the third quarter worth $29,000. Quarry LP purchased a new stake in Vistra in the second quarter worth $29,000. Finally, Sunbelt Securities Inc. purchased a new stake in Vistra in the first quarter worth $32,000. 90.88% of the stock is currently owned by institutional investors.
Insider Activity
In other news, EVP Stephanie Zapata Moore sold 98,020 shares of Vistra stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $58.50, for a total value of $5,734,170.00. Following the completion of the transaction, the executive vice president now directly owns 161,888 shares in the company, valued at $9,470,448. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Stephanie Zapata Moore sold 98,020 shares of the business's stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $58.50, for a total transaction of $5,734,170.00. Following the completion of the transaction, the executive vice president now directly owns 161,888 shares in the company, valued at $9,470,448. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Carrie Lee Kirby sold 72,748 shares of the business's stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $62.63, for a total value of $4,556,207.24. Following the transaction, the executive vice president now owns 184,201 shares of the company's stock, valued at $11,536,508.63. The disclosure for this sale can be found here. Over the last three months, insiders sold 257,285 shares of company stock worth $15,404,397. 1.36% of the stock is owned by corporate insiders.
Vistra Stock Performance
Shares of NYSE VST traded down $2.26 during mid-day trading on Friday, hitting $69.74. The company had a trading volume of 4,264,926 shares, compared to its average volume of 6,011,984. The company has a market capitalization of $24.26 billion, a price-to-earnings ratio of 19.48 and a beta of 1.05. Vistra Corp. has a 1 year low of $22.67 and a 1 year high of $75.89. The company has a current ratio of 1.18, a quick ratio of 1.11 and a debt-to-equity ratio of 4.26. The stock's 50-day moving average price is $58.67 and its 200-day moving average price is $44.01.
Vistra (NYSE:VST - Get Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of $0.54 by ($1.02). The company had revenue of $3.08 billion during the quarter, compared to analysts' expectations of $5.48 billion. Vistra had a net margin of 10.10% and a return on equity of 20.05%. On average, sell-side analysts forecast that Vistra Corp. will post 4.28 earnings per share for the current year.
Vistra Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Wednesday, March 20th were given a $0.215 dividend. The ex-dividend date was Tuesday, March 19th. This is a boost from Vistra's previous quarterly dividend of $0.21. This represents a $0.86 annualized dividend and a dividend yield of 1.23%. Vistra's payout ratio is 24.02%.
Wall Street Analyst Weigh In
A number of analysts have issued reports on VST shares. Morgan Stanley reissued an "overweight" rating and issued a $78.00 target price on shares of Vistra in a research report on Monday, March 25th. BMO Capital Markets raised their target price on Vistra from $52.00 to $60.00 and gave the stock an "outperform" rating in a research report on Monday, March 4th. Finally, Evercore ISI raised their target price on Vistra from $72.00 to $79.00 and gave the stock an "outperform" rating in a research report on Thursday, April 4th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Vistra currently has an average rating of "Buy" and an average price target of $63.50.
Check Out Our Latest Stock Analysis on VST
About Vistra
(
Free Report)
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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