Diversify Wealth Management LLC Purchases 6,204 Shares of Vistra Corp. $VST

Diversify Wealth Management LLC boosted its position in shares of Vistra Corp. (NYSE:VST) by 29.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,544 shares of the company’s stock after acquiring an additional 6,204 shares during the period. Diversify Wealth Management LLC’s holdings in Vistra were worth $4,236,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of VST. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Vistra in the fourth quarter valued at about $25,000. Mcguire Capital Advisors Inc. acquired a new position in shares of Vistra during the 4th quarter worth about $28,000. Kemnay Advisory Services Inc. bought a new stake in Vistra during the 4th quarter valued at approximately $30,000. Strive Financial Group LLC acquired a new stake in Vistra in the 4th quarter valued at approximately $33,000. Finally, Salomon & Ludwin LLC increased its position in Vistra by 74.8% in the 4th quarter. Salomon & Ludwin LLC now owns 215 shares of the company’s stock worth $35,000 after buying an additional 92 shares during the period. 90.88% of the stock is currently owned by institutional investors.

Vistra Stock Performance

VST opened at $159.05 on Monday. The stock has a market cap of $53.63 billion, a PE ratio of 26.64 and a beta of 1.40. The company has a current ratio of 0.90, a quick ratio of 0.79 and a debt-to-equity ratio of 5.51. Vistra Corp. has a 1 year low of $132.66 and a 1 year high of $219.82. The stock’s 50 day simple moving average is $154.02 and its 200-day simple moving average is $158.57.

Vistra (NYSE:VST) last issued its earnings results on Thursday, May 7th. The company reported $2.87 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $1.55. The business had revenue of $5.64 billion during the quarter, compared to analyst estimates of $5.22 billion. Vistra had a return on equity of 105.64% and a net margin of 11.52%. Sell-side analysts forecast that Vistra Corp. will post 9.52 EPS for the current year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd were issued a $0.229 dividend. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $0.92 annualized dividend and a yield of 0.6%. Vistra’s payout ratio is presently 15.41%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on VST. Sanford C. Bernstein set a $187.00 price objective on Vistra and gave the company an “outperform” rating in a research report on Tuesday, June 16th. JPMorgan Chase & Co. lowered their price objective on shares of Vistra from $240.00 to $231.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Morgan Stanley reaffirmed an “overweight” rating and set a $210.00 target price on shares of Vistra in a research report on Wednesday, June 24th. Jefferies Financial Group reiterated a “buy” rating and set a $190.00 target price on shares of Vistra in a research note on Thursday, May 21st. Finally, Raymond James Financial set a $208.00 price target on shares of Vistra in a report on Monday, April 27th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $230.31.

Insider Buying and Selling at Vistra

In other news, Director Scott B. Helm sold 25,000 shares of Vistra stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $160.00, for a total transaction of $4,000,000.00. Following the sale, the director directly owned 232,200 shares in the company, valued at approximately $37,152,000. The trade was a 9.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paul M. Barbas sold 244 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $153.00, for a total transaction of $37,332.00. Following the completion of the sale, the director directly owned 53,006 shares in the company, valued at approximately $8,109,918. The trade was a 0.46% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 41,588 shares of company stock worth $6,739,227. Corporate insiders own 0.92% of the company’s stock.

Vistra Profile

Vistra (NYSE: VST) is an integrated power company that develops, owns and operates electricity generation and retail businesses in the United States. The company’s operations span wholesale power production—through a diversified fleet of thermal and lower‑carbon generation assets—and retail electricity supply to residential, commercial and industrial customers. Vistra serves organized wholesale markets and competitive retail markets, with a notable presence in Texas and other regional U.S. power markets.

Vistra’s core activities include the ownership and operation of generation facilities, the commercial dispatch and optimization of those assets into wholesale markets, and the sale of electricity and related services to end-use customers through its retail brands.