Beck Capital Management LLC Invests $4.62 Million in Vistra Corp. (NYSE:VST)

Beck Capital Management LLC bought a new position in shares of Vistra Corp. (NYSE:VST) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 33,511 shares of the company’s stock, valued at approximately $4,620,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Peregrine Asset Advisers Inc. lifted its position in Vistra by 3.2% during the 4th quarter. Peregrine Asset Advisers Inc. now owns 2,064 shares of the company’s stock worth $285,000 after buying an additional 64 shares in the last quarter. Avior Wealth Management LLC raised its stake in shares of 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 acquiring an additional 65 shares during the last quarter. Galvin Gaustad & Stein LLC lifted its position in shares of Vistra by 3.6% during the fourth quarter. Galvin Gaustad & Stein LLC now owns 2,077 shares of the company’s stock worth $286,000 after purchasing an additional 73 shares in the last quarter. Csenge Advisory Group grew its stake in shares of Vistra by 1.7% during the fourth quarter. Csenge Advisory Group now owns 5,096 shares of the company’s stock valued at $703,000 after purchasing an additional 83 shares during the last quarter. Finally, New Century Financial Group LLC increased its holdings in shares of Vistra by 3.5% in the fourth quarter. New Century Financial Group LLC now owns 2,760 shares of the company’s stock valued at $381,000 after purchasing an additional 94 shares in the last quarter. 90.88% of the stock is owned by institutional investors.

Insider Buying and Selling at Vistra

In related news, Director John William Pitesa acquired 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 transaction, the director now directly owns 3,467 shares in the company, valued at $439,442.25. This represents a 76.26 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Paul M. Barbas sold 24,136 shares of the business’s 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 directly 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 Performance

Shares of Vistra stock opened at $112.65 on Wednesday. The stock has a market cap of $38.32 billion, a price-to-earnings ratio of 21.02, a P/E/G ratio of 1.12 and a beta of 1.21. 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 Corp. has a twelve month low of $66.50 and a twelve month high of $199.84. The company’s fifty day moving average is $125.54 and its 200 day moving average is $140.83.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 20th were issued a $0.2235 dividend. This is a positive change from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date was Thursday, March 20th. This represents a $0.89 annualized dividend and a yield of 0.79%. Vistra’s payout ratio is presently 12.62%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Daiwa America upgraded Vistra to a “hold” rating in a research report on Wednesday, March 5th. JPMorgan Chase & Co. decreased their price target on Vistra from $203.00 to $186.00 and set an “overweight” rating on the stock in a report on Friday, March 28th. The Goldman Sachs Group initiated coverage on Vistra in a report on Friday, April 4th. They set a “neutral” rating and a $134.00 price objective for the company. Bank of America raised shares of Vistra from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $164.00 to $152.00 in a report on Tuesday, March 4th. Finally, Evercore ISI initiated coverage on Vistra in a research note on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price target for the company. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $166.17.

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.