Atria Investments Inc Cuts Stock Holdings in Vistra Corp. (NYSE:VST)

Atria Investments Inc lowered its holdings in Vistra Corp. (NYSE:VST) by 16.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,243 shares of the company’s stock after selling 3,838 shares during the period. Atria Investments Inc’s holdings in Vistra were worth $2,653,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Lionsbridge Wealth Management LLC bought a new stake in shares of Vistra in the fourth quarter valued at $277,000. Dakota Wealth Management bought a new stake in shares of Vistra in the fourth quarter valued at $231,000. Retirement Systems of Alabama raised its stake in shares of Vistra by 9.6% in the third quarter. Retirement Systems of Alabama now owns 78,965 shares of the company’s stock valued at $9,361,000 after buying an additional 6,920 shares during the period. First Sabrepoint Capital Management LP bought a new stake in shares of Vistra in the third quarter valued at $17,781,000. Finally, Legal Advantage Investments Inc. bought a new stake in shares of Vistra in the fourth quarter valued at $565,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Insider Transactions at Vistra

In other news, Director Scott B. Helm sold 20,000 shares of the company’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $139.77, for a total value of $2,795,400.00. Following the completion of the transaction, the director now directly owns 343,350 shares in the company, valued at approximately $47,990,029.50. This represents a 5.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.42% of the company’s stock.

Vistra Price Performance

Shares of NYSE VST opened at $113.96 on Friday. The firm has a market capitalization of $38.77 billion, a P/E ratio of 21.26, a P/E/G ratio of 1.12 and a beta of 1.21. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. The stock’s 50-day simple moving average is $158.02 and its two-hundred day simple moving average is $135.87. Vistra Corp. has a twelve month low of $57.50 and a twelve month high of $199.84.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 20th will be paid a $0.2235 dividend. This is a positive change from Vistra’s previous quarterly dividend of $0.22. This represents a $0.89 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend is Thursday, March 20th. Vistra’s dividend payout ratio is currently 12.62%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on VST. BMO Capital Markets boosted their price objective on Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. UBS Group boosted their price objective on Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Evercore ISI began coverage on Vistra in a research note on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price objective on the stock. Morgan Stanley boosted their price objective on Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Finally, Bank of America upgraded Vistra from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $164.00 to $152.00 in a research note on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $162.83.

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.