Apella Capital LLC Sells 591 Shares of Vistra Corp. (NYSE:VST)

Apella Capital LLC trimmed its holdings in shares of Vistra Corp. (NYSE:VST) by 16.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,007 shares of the company’s stock after selling 591 shares during the period. Apella Capital LLC’s holdings in Vistra were worth $355,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of VST. Caprock Group LLC raised its stake in shares of Vistra by 37.0% during the fourth quarter. Caprock Group LLC now owns 3,329 shares of the company’s stock worth $459,000 after buying an additional 899 shares during the last quarter. DAVENPORT & Co LLC increased its stake in Vistra by 58.9% in the fourth quarter. DAVENPORT & Co LLC now owns 14,754 shares of the company’s stock valued at $2,034,000 after purchasing an additional 5,467 shares in the last quarter. Stratos Wealth Partners LTD. increased its stake in Vistra by 48.2% in the fourth quarter. Stratos Wealth Partners LTD. now owns 11,243 shares of the company’s stock valued at $1,550,000 after purchasing an additional 3,658 shares in the last quarter. Money Concepts Capital Corp increased its stake in Vistra by 2.5% in the fourth quarter. Money Concepts Capital Corp now owns 6,635 shares of the company’s stock valued at $915,000 after purchasing an additional 164 shares in the last quarter. Finally, Legacy CG LLC bought a new stake in Vistra in the fourth quarter valued at approximately $2,129,000. 90.88% of the stock is owned by institutional investors.

Vistra Stock Down 1.1%

Vistra stock opened at $170.80 on Friday. The stock has a market capitalization of $57.96 billion, a PE ratio of 31.87, a price-to-earnings-growth 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 quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. The company has a 50 day moving average of $135.76 and a 200-day moving average of $144.91.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend is Wednesday, June 18th. This is a boost from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio is 14.15%.

Insider Buying and Selling

In related news, Director Scott B. Helm sold 20,000 shares of the stock in a transaction on Monday, May 19th. The shares were sold at an average price of $156.80, for a total transaction of $3,136,000.00. Following the completion of the transaction, the director now owns 325,192 shares in the company, valued at approximately $50,990,105.60. This represents a 5.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John William Pitesa bought 1,500 shares of Vistra stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average price of $126.75 per share, with a total value of $190,125.00. Following the acquisition, the director now directly owns 3,467 shares of the company’s stock, valued at $439,442.25. The trade was a 76.26% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 219,000 shares of company stock worth $34,532,240. 1.42% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have commented on VST. JPMorgan Chase & Co. lowered their target price on shares of Vistra from $203.00 to $186.00 and set an “overweight” rating for the company in a research note on Friday, March 28th. Daiwa Capital Markets began coverage on shares of Vistra in a research note on Wednesday, March 5th. They issued a “neutral” rating and a $120.00 target price 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 company from $164.00 to $152.00 in a research note on Tuesday, March 4th. Daiwa America raised shares of Vistra to a “hold” rating in a research note on Wednesday, March 5th. Finally, Evercore ISI set a $192.00 target price on shares of Vistra and gave the company an “outperform” rating in a research note on Thursday, May 15th. Three 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, Vistra presently has a consensus rating of “Moderate Buy” and an average target price of $169.08.

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.