Merit Financial Group LLC purchased a new stake in shares of Vistra Corp. (NYSE:VST – Free Report) during the 1st quarter, Holdings Channel.com reports. The fund purchased 4,966 shares of the company’s stock, valued at approximately $583,000.
Several other large investors have also added to or reduced their stakes in the company. Pathway Financial Advisers LLC lifted its holdings in shares of Vistra by 616.0% in the fourth quarter. Pathway Financial Advisers LLC now owns 179 shares of the company’s stock worth $25,000 after buying an additional 154 shares in the last quarter. Comprehensive Financial Planning Inc. PA purchased a new position in shares of Vistra in the 4th quarter worth $28,000. Tucker Asset Management LLC bought a new stake in shares of Vistra in the 4th quarter worth about $28,000. Cherry Tree Wealth Management LLC lifted its holdings in shares of Vistra by 2,030.0% in the 4th quarter. Cherry Tree Wealth Management LLC now owns 213 shares of the company’s stock worth $29,000 after acquiring an additional 203 shares during the last quarter. Finally, Ameriflex Group Inc. bought a new stake in shares of Vistra in the 4th quarter worth about $32,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.
Analyst Ratings Changes
A number of brokerages recently weighed in on VST. Daiwa Capital Markets started coverage on shares of Vistra in a report on Wednesday, March 5th. They set a “neutral” rating and a $120.00 price objective for the company. Morgan Stanley reiterated an “overweight” rating and set a $178.00 price objective (up previously from $172.00) on shares of Vistra in a research note on Thursday, May 22nd. JPMorgan Chase & Co. dropped their target price on shares of Vistra from $203.00 to $186.00 and set an “overweight” rating on the stock in a research report on Friday, March 28th. Evercore ISI set a $192.00 target price on shares of Vistra and gave the stock an “outperform” rating in a research report on Thursday, May 15th. Finally, Daiwa America raised shares of Vistra to a “hold” rating in a report on Wednesday, March 5th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $169.08.
View Our Latest Stock Report on VST
Vistra Price Performance
Shares of NYSE VST opened at $169.57 on Tuesday. The firm has a market capitalization of $57.54 billion, a P/E ratio of 31.64, a PEG ratio of 1.12 and a beta of 1.22. Vistra Corp. has a one year low of $66.50 and a one year high of $199.84. The company’s fifty day moving average is $137.64 and its two-hundred day moving average is $144.88. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11.
Vistra Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.53%. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio is currently 14.15%.
Insider Activity
In other news, EVP Carrie Lee Kirby sold 108,000 shares of the stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $156.98, for a total transaction of $16,953,840.00. Following the completion of the transaction, the executive vice president now directly owns 218,239 shares in the company, valued at approximately $34,259,158.22. This represents a 33.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Scott B. Helm sold 50,000 shares of the firm’s stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $172.75, for a total value of $8,637,500.00. Following the transaction, the director now owns 255,192 shares in the company, valued at $44,084,418. This trade represents a 16.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 269,000 shares of company stock valued at $43,169,740 in the last 90 days. 1.42% of the stock is currently owned by insiders.
Vistra Profile
(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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