Paragon Private Wealth Management LLC Acquires Shares of 1,468 Vistra Corp. (NYSE:VST)

Paragon Private Wealth Management LLC bought a new stake in shares of Vistra Corp. (NYSE:VST) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,468 shares of the company’s stock, valued at approximately $202,000.

Other hedge funds have also recently modified their holdings of the company. Lionsbridge Wealth Management LLC bought a new position in shares of Vistra during the fourth quarter valued at approximately $277,000. Dakota Wealth Management bought a new position in shares of Vistra during the fourth quarter valued at approximately $231,000. Retirement Systems of Alabama grew its stake in Vistra by 9.6% in the third quarter. Retirement Systems of Alabama now owns 78,965 shares of the company’s stock worth $9,361,000 after purchasing an additional 6,920 shares in the last quarter. First Sabrepoint Capital Management LP bought a new position in Vistra in the third quarter worth approximately $17,781,000. Finally, Legal Advantage Investments Inc. bought a new position in Vistra in the fourth quarter worth approximately $565,000. Institutional investors own 90.88% of the company’s stock.

Vistra Stock Performance

Shares of VST opened at $108.03 on Tuesday. Vistra Corp. has a 12 month low of $57.50 and a 12 month high of $199.84. The stock has a fifty day moving average price of $158.02 and a 200-day moving average price of $136.25. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. The firm has a market cap of $36.62 billion, a PE ratio of 20.15, a P/E/G ratio of 1.12 and a beta of 1.21.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 20th will be issued a dividend of $0.2235 per share. This represents a $0.89 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend is Thursday, March 20th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio is currently 12.62%.

Analysts Set New Price Targets

Several brokerages recently issued reports on VST. Morgan Stanley increased their price objective on Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. UBS Group increased their price objective on Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. BMO Capital Markets increased their price objective on Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Bank of America raised Vistra from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $164.00 to $152.00 in a research note on Tuesday, March 4th. Finally, Daiwa Capital Markets began coverage on Vistra in a research note on Wednesday, March 5th. They issued a “neutral” rating and a $120.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $162.83.

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.