Covestor Ltd Raises Stock Holdings in Vistra Corp. (NYSE:VST)

Covestor Ltd increased its position in Vistra Corp. (NYSE:VST) by 11.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,714 shares of the company’s stock after purchasing an additional 281 shares during the period. Covestor Ltd’s holdings in Vistra were worth $374,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Avior Wealth Management LLC lifted its position in Vistra by 56.5% in the fourth quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock worth $25,000 after buying an additional 65 shares during the last quarter. Pathway Financial Advisers LLC grew its holdings in Vistra by 616.0% in the 4th quarter. Pathway Financial Advisers LLC now owns 179 shares of the company’s stock valued at $25,000 after buying an additional 154 shares in the last quarter. Founders Capital Management acquired a new position in shares of Vistra in the 4th quarter valued at $28,000. West Branch Capital LLC acquired a new stake in Vistra in the 4th quarter valued at about $28,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new position in Vistra during the fourth quarter worth approximately $28,000. Institutional investors own 90.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on VST shares. Evercore ISI assumed coverage on shares of Vistra in a report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 target price on the stock. The Goldman Sachs Group began coverage on Vistra in a report on Friday, April 4th. They issued a “neutral” rating and a $134.00 target price for the company. Daiwa America raised Vistra to a “hold” rating in a research note on Wednesday, March 5th. Daiwa Capital Markets began coverage on Vistra in a report on Wednesday, March 5th. They set a “neutral” rating and a $120.00 price objective for the company. Finally, UBS Group increased their target price on Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $161.23.

Insider Buying and Selling at Vistra

In related news, Director John William Pitesa purchased 1,500 shares of Vistra stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average cost of $126.75 per share, with a total value of $190,125.00. Following the completion of the transaction, the director now directly owns 3,467 shares of the company’s stock, valued at $439,442.25. This trade represents a 76.26 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 value 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. 1.42% of the stock is currently owned by corporate insiders.

Vistra Price Performance

Shares of VST traded down $7.12 during trading hours on Thursday, reaching $110.90. The company had a trading volume of 1,618,514 shares, compared to its average volume of 7,854,922. 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 firm has a 50 day simple moving average of $135.49 and a 200-day simple moving average of $141.42. Vistra Corp. has a 12-month low of $64.26 and a 12-month high of $199.84. The company has a market capitalization of $37.72 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 1.12 and a beta of 1.21.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 20th were given a $0.2235 dividend. The ex-dividend date was Thursday, March 20th. This is a boost from Vistra’s previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a dividend yield of 0.81%. Vistra’s dividend payout ratio (DPR) 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.