Huntington National Bank Increases Holdings in Vistra Corp. (NYSE:VST)

Huntington National Bank grew its holdings in Vistra Corp. (NYSE:VST) by 16.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,347 shares of the company’s stock after buying an additional 192 shares during the quarter. Huntington National Bank’s holdings in Vistra were worth $186,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Pathway Financial Advisers LLC lifted its stake in Vistra by 616.0% in the fourth quarter. Pathway Financial Advisers LLC now owns 179 shares of the company’s stock worth $25,000 after acquiring an additional 154 shares during the period. Avior Wealth Management LLC lifted its position in shares of Vistra by 56.5% in the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock worth $25,000 after purchasing an additional 65 shares during the period. Founders Capital Management purchased a new position in shares of Vistra during the fourth quarter valued at about $28,000. West Branch Capital LLC bought a new position in Vistra in the fourth quarter worth about $28,000. Finally, Comprehensive Financial Planning Inc. PA bought a new stake in Vistra during the 4th quarter valued at approximately $28,000. 90.88% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Bank of America raised Vistra from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $164.00 to $152.00 in a research report on Tuesday, March 4th. The Goldman Sachs Group began coverage on Vistra in a research report on Friday. They set a “neutral” rating and a $134.00 price objective for the company. Daiwa America raised shares of Vistra to a “hold” rating in a research report on Wednesday, March 5th. UBS Group increased their price target on shares of Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Finally, BMO Capital Markets boosted their price objective 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. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $161.23.

Vistra Price Performance

Shares of NYSE VST opened at $97.76 on Friday. The firm has a market cap of $33.25 billion, a P/E ratio of 18.24, a PEG ratio of 1.12 and a beta of 1.21. Vistra Corp. has a twelve month low of $64.26 and a twelve month high of $199.84. 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 company has a 50 day moving average of $140.32 and a 200 day moving average of $141.42.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 20th were paid a $0.2235 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $0.89 annualized dividend and a dividend yield of 0.91%. This is a boost from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is currently 12.62%.

Insider Activity

In other Vistra news, Director Paul M. Barbas sold 24,136 shares of the company’s stock in a transaction dated 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 represents a 32.10 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John William Pitesa purchased 1,500 shares of Vistra stock in a transaction dated Wednesday, March 12th. The stock was bought at an average price of $126.75 per share, with a total value of $190,125.00. Following the completion of the purchase, 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 disclosure for this purchase can be found here. Corporate insiders own 1.42% of the company’s stock.

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.