Assetmark Inc. Invests $34.28 Million in Vistra Corp. (NYSE:VST)

Assetmark Inc. acquired a new position in shares of Vistra Corp. (NYSE:VST - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 889,964 shares of the company's stock, valued at approximately $34,281,000. Assetmark Inc. owned about 0.25% of Vistra at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. lifted its stake in Vistra by 160.7% in the fourth quarter. Blue Trust Inc. now owns 717 shares of the company's stock valued at $28,000 after buying an additional 442 shares in the last quarter. Fifth Third Bancorp bought a new position in Vistra in the third quarter valued at approximately $29,000. Lindbrook Capital LLC lifted its stake in Vistra by 64.4% in the fourth quarter. Lindbrook Capital LLC now owns 840 shares of the company's stock valued at $32,000 after buying an additional 329 shares in the last quarter. Rise Advisors LLC acquired a new stake in shares of Vistra in the fourth quarter valued at approximately $35,000. Finally, Cullen Frost Bankers Inc. acquired a new stake in shares of Vistra in the fourth quarter valued at approximately $54,000. Institutional investors own 90.88% of the company's stock.

Insider Buying and Selling at Vistra

In other news, EVP Scott A. Hudson sold 86,517 shares of the business's stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $59.11, for a total value of $5,114,019.87. Following the completion of the sale, the executive vice president now owns 254,932 shares of the company's stock, valued at $15,069,030.52. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, EVP Stephanie Zapata Moore sold 98,020 shares of the business's stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $58.50, for a total value of $5,734,170.00. Following the completion of the sale, the executive vice president now owns 161,888 shares of the company's stock, valued at $9,470,448. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Scott A. Hudson sold 86,517 shares of the company's stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $59.11, for a total transaction of $5,114,019.87. Following the sale, the executive vice president now directly owns 254,932 shares of the company's stock, valued at approximately $15,069,030.52. The disclosure for this sale can be found here. Insiders have sold a total of 257,285 shares of company stock worth $15,404,397 over the last ninety days. Insiders own 1.42% of the company's stock.

Vistra Stock Up 3.0 %

VST traded up $2.74 during trading on Tuesday, reaching $94.25. 5,925,576 shares of the stock were exchanged, compared to its average volume of 6,238,876. Vistra Corp. has a twelve month low of $23.53 and a twelve month high of $97.90. The stock has a market cap of $32.75 billion, a P/E ratio of 57.82 and a beta of 1.02. The stock's 50 day moving average price is $75.07 and its two-hundred day moving average price is $53.19. The company has a debt-to-equity ratio of 3.06, a quick ratio of 0.96 and a current ratio of 1.08.

Vistra (NYSE:VST - Get Free Report) last released its quarterly earnings data on Wednesday, February 28th. The company reported ($0.48) EPS for the quarter, missing the consensus estimate of $0.54 by ($1.02). Vistra had a net margin of 5.66% and a return on equity of 24.72%. The company had revenue of $3.08 billion during the quarter, compared to analyst estimates of $5.48 billion. Equities analysts expect that Vistra Corp. will post 3.61 EPS for the current year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Wednesday, June 19th will be issued a $0.218 dividend. This is an increase from Vistra's previous quarterly dividend of $0.22. This represents a $0.87 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Tuesday, June 18th. Vistra's payout ratio is currently 52.76%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on VST shares. Morgan Stanley reiterated an "overweight" rating and issued a $78.00 price objective on shares of Vistra in a report on Monday, March 25th. Guggenheim upgraded shares of Vistra to a "strong-buy" rating in a report on Tuesday, May 7th. Janney Montgomery Scott started coverage on shares of Vistra in a report on Thursday, April 18th. They issued a "buy" rating and a $82.00 price objective on the stock. UBS Group lifted their price objective on shares of Vistra from $85.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, May 9th. Finally, Evercore ISI boosted their target price on shares of Vistra from $72.00 to $79.00 and gave the stock an "outperform" rating in a report on Thursday, April 4th. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $82.50.

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.