Cetera Investment Advisers Acquires 28,592 Shares of Vistra Corp. (NYSE:VST)

Cetera Investment Advisers raised its holdings in Vistra Corp. (NYSE:VST) by 29.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 126,403 shares of the company’s stock after purchasing an additional 28,592 shares during the period. Cetera Investment Advisers’ holdings in Vistra were worth $17,427,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. ORG Partners LLC acquired a new position in shares of Vistra during the 4th quarter worth about $69,000. Graypoint LLC acquired a new position in Vistra during the fourth quarter valued at approximately $223,000. Czech National Bank raised its stake in Vistra by 5.4% during the 4th quarter. Czech National Bank now owns 73,768 shares of the company’s stock worth $10,170,000 after buying an additional 3,781 shares during the period. Fiduciary Alliance LLC bought a new position in Vistra during the fourth quarter worth about $3,420,000. Finally, Founders Capital Management acquired a new position in Vistra in the fourth quarter valued at about $28,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Analysts Set New Price Targets

VST has been the topic of several recent analyst reports. Daiwa Capital Markets assumed coverage on Vistra in a report on Wednesday, March 5th. They set a “neutral” rating and a $120.00 price objective on the stock. Daiwa America upgraded shares of Vistra to a “hold” rating in a report on Wednesday, March 5th. BMO Capital Markets raised their price objective on shares of Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Bank of America raised shares of Vistra from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $164.00 to $152.00 in a research note on Tuesday, March 4th. Finally, The Goldman Sachs Group started coverage on Vistra in a report on Friday, April 4th. They issued a “neutral” rating and a $134.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $166.67.

Insider Buying and Selling at Vistra

In other Vistra news, Director Paul M. Barbas sold 24,136 shares of the 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 transaction, the director now directly owns 51,063 shares of the company’s stock, valued at $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 available through this hyperlink. Also, Director John William Pitesa acquired 1,500 shares of Vistra stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average price of $126.75 per share, with a total value of $190,125.00. Following the acquisition, the director now 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.

Vistra Stock Down 3.6 %

NYSE:VST opened at $135.80 on Friday. The firm has a market capitalization of $46.19 billion, a price-to-earnings ratio of 25.34, a price-to-earnings-growth ratio of 1.12 and a beta of 1.16. 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 stock’s 50 day moving average price is $121.68 and its two-hundred day moving average price is $141.20.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th will be given a dividend of $0.225 per share. This is a positive change from Vistra’s previous quarterly dividend of $0.22. This represents a $0.90 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend is Wednesday, June 18th. Vistra’s dividend payout ratio is 12.77%.

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.