Florida Financial Advisors LLC Takes $328,000 Position in Vistra Corp. (NYSE:VST)

Florida Financial Advisors LLC bought a new position in Vistra Corp. (NYSE:VST) during the 4th quarter, Holdings Channel reports. The fund bought 2,382 shares of the company’s stock, valued at approximately $328,000.

Other large investors also recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in Vistra in the fourth quarter valued at $237,441,000. Appaloosa LP raised its holdings in Vistra by 112.5% in the 4th quarter. Appaloosa LP now owns 2,700,000 shares of the company’s stock worth $372,249,000 after purchasing an additional 1,429,612 shares in the last quarter. State Street Corp lifted its position in shares of Vistra by 6.8% in the 3rd quarter. State Street Corp now owns 16,355,255 shares of the company’s stock worth $1,938,752,000 after purchasing an additional 1,037,402 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Vistra by 36.0% during the 3rd quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company’s stock valued at $448,320,000 after purchasing an additional 1,000,307 shares in the last quarter. Finally, Rubric Capital Management LP increased its position in shares of Vistra by 60.1% during the third quarter. Rubric Capital Management LP now owns 2,125,000 shares of the company’s stock valued at $251,898,000 after buying an additional 797,894 shares during the period. 90.88% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on VST shares. Evercore ISI began coverage on Vistra in a research report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price objective on the stock. Daiwa Capital Markets initiated coverage on Vistra in a research note on Wednesday, March 5th. They issued a “neutral” rating and a $120.00 target price for the company. Bank of America raised Vistra from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $164.00 to $152.00 in a research note on Tuesday, March 4th. BMO Capital Markets raised their price objective on Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Finally, Daiwa America raised shares of Vistra to a “hold” rating in a research report on Wednesday, March 5th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Vistra has a consensus rating of “Moderate Buy” and an average price target of $162.83.

Vistra Price Performance

Shares of VST opened at $131.75 on Wednesday. Vistra Corp. has a twelve month low of $64.26 and a twelve month high of $199.84. The company has a market capitalization of $44.82 billion, a P/E ratio of 24.58, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21. The firm has a 50 day moving average of $150.42 and a 200 day moving average of $139.90. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68.

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 issued a $0.2235 dividend. This is a positive change 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 0.68%. Vistra’s dividend payout ratio (DPR) is presently 12.62%.

Insider Transactions at Vistra

In related news, Director John William Pitesa acquired 1,500 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The stock was purchased at an average cost of $126.75 per share, with a total value of $190,125.00. Following the completion of the acquisition, the director now directly owns 3,467 shares of the company’s stock, valued at approximately $439,442.25. This trade represents a 76.26 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Paul M. Barbas sold 24,136 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $124.19, for a total transaction of $2,997,449.84. Following the transaction, the director now owns 51,063 shares in the company, valued at approximately $6,341,513.97. This trade represents a 32.10 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.42% of the company’s stock.

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.