Strategy Asset Managers LLC Raises Stake in Vistra Corp. (NYSE:VST)

Strategy Asset Managers LLC raised its holdings in shares of Vistra Corp. (NYSE:VST) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,949 shares of the company’s stock after acquiring an additional 162 shares during the period. Strategy Asset Managers LLC’s holdings in Vistra were worth $1,096,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Peregrine Asset Advisers Inc. lifted its position in Vistra by 3.2% during the fourth quarter. Peregrine Asset Advisers Inc. now owns 2,064 shares of the company’s stock valued at $285,000 after purchasing an additional 64 shares during the period. Avior Wealth Management LLC lifted its holdings in shares of Vistra by 56.5% in the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock valued at $25,000 after buying an additional 65 shares during the period. Galvin Gaustad & Stein LLC boosted its stake in shares of Vistra by 3.6% in the fourth quarter. Galvin Gaustad & Stein LLC now owns 2,077 shares of the company’s stock worth $286,000 after buying an additional 73 shares during the last quarter. Csenge Advisory Group grew its holdings in Vistra by 1.7% during the fourth quarter. Csenge Advisory Group now owns 5,096 shares of the company’s stock worth $703,000 after acquiring an additional 83 shares during the period. Finally, New Century Financial Group LLC raised its position in Vistra by 3.5% during the fourth quarter. New Century Financial Group LLC now owns 2,760 shares of the company’s stock valued at $381,000 after acquiring an additional 94 shares in the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Vistra Trading Down 0.2 %

Shares of VST opened at $119.05 on Friday. Vistra Corp. has a 52-week low of $64.26 and a 52-week high of $199.84. The stock has a market cap of $40.49 billion, a PE ratio of 22.21, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21. The firm’s fifty day moving average is $147.39 and its two-hundred day moving average is $139.96. 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 disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 20th will be paid a dividend of $0.2235 per share. This represents a $0.89 annualized dividend and a yield of 0.75%. The ex-dividend date is Thursday, March 20th. This is a boost from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio is currently 12.62%.

Insider Activity at Vistra

In other Vistra news, Director Paul M. Barbas sold 24,136 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $124.19, for a total value of $2,997,449.84. Following the completion of the sale, the director now directly owns 51,063 shares of the company’s stock, valued at $6,341,513.97. This trade represents a 32.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John William Pitesa purchased 1,500 shares of Vistra stock in a transaction dated Wednesday, March 12th. The shares were bought at an average price of $126.75 per share, for a total transaction of $190,125.00. Following the acquisition, the director now owns 3,467 shares in the company, valued at approximately $439,442.25. This trade represents a 76.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.42% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on VST. JPMorgan Chase & Co. dropped their price objective on shares of Vistra from $203.00 to $186.00 and set an “overweight” rating on the stock in a research note on Friday. Evercore ISI began coverage on shares of Vistra in a report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price objective for the company. BMO Capital Markets increased their target price on shares of 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 upgraded 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 research note on Tuesday, March 4th. Finally, UBS Group increased their price target on Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Vistra presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.50.

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.