FWL Investment Management LLC Buys Shares of 665 Vistra Corp. (NYSE:VST)

FWL Investment Management LLC bought a new position in shares of Vistra Corp. (NYSE:VST) in the 4th quarter, HoldingsChannel.com reports. The fund bought 665 shares of the company’s stock, valued at approximately $92,000.

A number of other hedge funds also recently made changes to their positions in the stock. World Investment Advisors LLC bought a new stake in shares of Vistra during the third quarter worth $351,000. First Hawaiian Bank bought a new stake in Vistra during the 4th quarter worth $2,069,000. ORG Partners LLC acquired a new position in Vistra in the 4th quarter worth about $69,000. Graypoint LLC bought a new position in Vistra in the fourth quarter valued at about $223,000. Finally, Czech National Bank boosted its stake in shares of Vistra by 5.4% during the fourth quarter. Czech National Bank now owns 73,768 shares of the company’s stock valued at $10,170,000 after purchasing an additional 3,781 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Vistra Stock Performance

NYSE:VST opened at $139.44 on Thursday. The firm has a market capitalization of $47.43 billion, a P/E ratio of 26.01, a P/E/G ratio of 1.12 and a beta of 1.16. Vistra Corp. has a twelve month low of $66.50 and a twelve month high of $199.84. The company has a fifty day moving average of $121.16 and a 200-day moving average of $141.05. 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th will be issued a dividend of $0.225 per share. The ex-dividend date is Wednesday, June 18th. This represents a $0.90 annualized dividend and a dividend yield of 0.65%. This is a positive change from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio is currently 12.77%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on VST. The Goldman Sachs Group initiated coverage on Vistra in a research note on Friday, April 4th. They issued a “neutral” rating and a $134.00 price objective for the company. BMO Capital Markets lifted their price target on shares of Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. UBS Group decreased their price objective on Vistra from $174.00 to $154.00 and set a “buy” rating for the company in a report on Friday, April 11th. Evercore ISI began coverage on Vistra in a report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 target price on the stock. Finally, JPMorgan Chase & Co. decreased their price target on Vistra from $203.00 to $186.00 and set an “overweight” rating for the company in a research note on Friday, March 28th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $166.17.

Insider Activity

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 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 directly owns 51,063 shares of the company’s stock, valued at approximately $6,341,513.97. This trade represents a 32.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John William Pitesa bought 1,500 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The shares were 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 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 disclosure for this purchase can be found here. Company insiders own 1.42% of the company’s stock.

Vistra Company 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.