Sovereign s Capital Management LLC Purchases New Shares in Vistra Corp. (NYSE:VST)

Sovereign s Capital Management LLC purchased a new stake in shares of Vistra Corp. (NYSE:VST) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 6,529 shares of the company’s stock, valued at approximately $900,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Avior Wealth Management LLC increased its stake in shares of Vistra by 56.5% in the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock valued at $25,000 after buying an additional 65 shares during the period. Pathway Financial Advisers LLC increased its stake in shares of 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 during the period. West Branch Capital LLC acquired a new stake in shares of Vistra in the 4th quarter valued at $28,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of Vistra in the 4th quarter valued at $28,000. Finally, Tucker Asset Management LLC acquired a new stake in shares of Vistra in the 4th quarter valued at $28,000. 90.88% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Vistra

In other Vistra news, Director Paul M. Barbas sold 24,136 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $124.19, for a total value of $2,997,449.84. Following the completion of the transaction, the director now directly owns 51,063 shares of the company’s stock, valued at approximately $6,341,513.97. The trade was a 32.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John William Pitesa bought 1,500 shares of the firm’s stock in a transaction on 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 purchase, 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 position. The disclosure for this purchase can be found here. Insiders own 1.42% of the company’s stock.

Vistra Stock Up 3.0%

Shares of Vistra stock opened at $156.55 on Monday. 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 12 month low of $66.50 and a 12 month high of $199.84. The business has a fifty day simple moving average of $125.42 and a 200 day simple moving average of $142.37. The stock has a market cap of $53.12 billion, a PE ratio of 29.21, a price-to-earnings-growth ratio of 1.12 and a beta of 1.16.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 0.57%. This is a boost from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Wednesday, June 18th. Vistra’s payout ratio is presently 14.15%.

Analyst Ratings Changes

VST has been the subject of several research reports. Daiwa Capital Markets initiated coverage on Vistra in a research note on Wednesday, March 5th. They issued a “neutral” rating and a $120.00 target price for the company. Evercore ISI set a $192.00 target price on Vistra and gave the company an “outperform” rating in a research note on Thursday. BMO Capital Markets lifted their target price on Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. lowered their target price on Vistra from $203.00 to $186.00 and set an “overweight” rating for the company in a research note on Friday, March 28th. Finally, UBS Group lifted their target price on Vistra from $154.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Vistra presently has a consensus rating of “Moderate Buy” and an average price target of $165.83.

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.