Advisory Services Network LLC Sells 2,650 Shares of Vistra Corp. (NYSE:VST)

Advisory Services Network LLC trimmed its position in shares of Vistra Corp. (NYSE:VST) by 5.4% during the 4th quarter, Holdings Channel reports. The firm owned 46,233 shares of the company’s stock after selling 2,650 shares during the period. Advisory Services Network LLC’s holdings in Vistra were worth $6,374,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Avior Wealth Management LLC lifted its position in shares of Vistra by 56.5% in the fourth quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock valued at $25,000 after acquiring an additional 65 shares in the last quarter. Pathway Financial Advisers LLC lifted its holdings in Vistra by 616.0% in the 4th quarter. Pathway Financial Advisers LLC now owns 179 shares of the company’s stock worth $25,000 after purchasing an additional 154 shares in the last quarter. Founders Capital Management purchased a new position in Vistra in the 4th quarter worth approximately $28,000. West Branch Capital LLC purchased a new stake in Vistra during the 4th quarter valued at approximately $28,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new stake in Vistra during the 4th quarter valued at approximately $28,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Insiders Place Their Bets

In other news, Director John William Pitesa bought 1,500 shares of the stock in a transaction on Wednesday, March 12th. The stock was acquired at an average cost of $126.75 per share, for a total transaction of $190,125.00. Following the acquisition, the director now owns 3,467 shares of the company’s stock, valued at $439,442.25. This represents a 76.26 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul M. Barbas sold 24,136 shares of Vistra stock in a transaction dated Monday, March 3rd. The shares were 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 owns 51,063 shares of the company’s stock, valued at $6,341,513.97. The trade was a 32.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.42% of the company’s stock.

Vistra Stock Down 0.6 %

NYSE:VST opened at $102.07 on Wednesday. The company has a market cap of $34.72 billion, a price-to-earnings ratio of 19.04, a price-to-earnings-growth 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 current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. The stock has a fifty day simple moving average of $137.61 and a 200-day simple moving average of $141.53.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 20th were given a $0.2235 dividend. This represents a $0.89 annualized dividend and a yield of 0.88%. This is a boost from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Thursday, March 20th. Vistra’s payout ratio is 12.62%.

Analyst Ratings Changes

VST has been the subject of a number of research reports. BMO Capital Markets upped their target price on shares of Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Bank of America upgraded Vistra from a “neutral” rating to a “buy” rating and cut their price objective for the company from $164.00 to $152.00 in a research report on Tuesday, March 4th. UBS Group boosted their target price on Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Daiwa Capital Markets initiated 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. Finally, The Goldman Sachs Group started coverage on Vistra in a research report on Friday, April 4th. They set a “neutral” rating and a $134.00 target price for the company. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Vistra has a consensus rating of “Moderate Buy” and a consensus target price of $161.23.

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.