Prosperity Wealth Management Inc. Invests $409,000 in Vistra Corp. (NYSE:VST)

Prosperity Wealth Management Inc. purchased a new position in shares of Vistra Corp. (NYSE:VST) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,968 shares of the company’s stock, valued at approximately $409,000.

Several other institutional investors have also modified their holdings of VST. SPX Gestao de Recursos Ltda lifted its holdings in Vistra by 57.6% in the fourth quarter. SPX Gestao de Recursos Ltda now owns 131,333 shares of the company’s stock worth $18,107,000 after purchasing an additional 48,000 shares during the period. Citizens Financial Group Inc. RI lifted its holdings in Vistra by 50.7% in the fourth quarter. Citizens Financial Group Inc. RI now owns 14,528 shares of the company’s stock worth $2,003,000 after purchasing an additional 4,888 shares during the period. Independent Advisor Alliance lifted its holdings in Vistra by 14.2% in the fourth quarter. Independent Advisor Alliance now owns 58,470 shares of the company’s stock worth $8,061,000 after purchasing an additional 7,261 shares during the period. Paragon Private Wealth Management LLC acquired a new stake in Vistra in the fourth quarter worth about $202,000. Finally, Johnson Investment Counsel Inc. acquired a new stake in Vistra in the fourth quarter worth about $229,000. Institutional investors own 90.88% of the company’s stock.

Analyst Ratings Changes

VST has been the subject of several research analyst reports. Daiwa America raised shares of Vistra to a “hold” rating in a report on Wednesday, March 5th. UBS Group upped their price target on shares of Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Morgan Stanley upped their price target on shares of Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Daiwa Capital Markets initiated coverage on shares of Vistra in a report on Wednesday, March 5th. They issued a “neutral” rating and a $120.00 price target for the company. Finally, Bank of America raised shares of Vistra from a “neutral” rating to a “buy” rating and cut their price target for the company from $164.00 to $152.00 in a report on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $162.83.

Vistra Price Performance

VST stock opened at $114.40 on Wednesday. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. Vistra Corp. has a one year low of $58.00 and a one year high of $199.84. The firm has a market capitalization of $38.78 billion, a PE ratio of 21.34, a P/E/G ratio of 1.12 and a beta of 1.21. The firm has a 50-day moving average of $156.91 and a two-hundred day moving average of $136.63.

Vistra Increases Dividend

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

Vistra 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.