Simplicity Wealth LLC Invests $2.34 Million in Vistra Corp. $VST

Simplicity Wealth LLC purchased a new stake in Vistra Corp. (NYSE:VST) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,746 shares of the company’s stock, valued at approximately $2,339,000.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Vistra by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 41,588,784 shares of the company’s stock valued at $6,709,519,000 after buying an additional 390,157 shares during the last quarter. State Street Corp grew its holdings in shares of Vistra by 2.7% during the fourth quarter. State Street Corp now owns 16,474,869 shares of the company’s stock worth $2,657,891,000 after purchasing an additional 432,028 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Vistra by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 8,965,648 shares of the company’s stock worth $1,441,112,000 after purchasing an additional 97,424 shares in the last quarter. Norges Bank purchased a new stake in shares of Vistra in the 4th quarter valued at about $746,729,000. Finally, Invesco Ltd. boosted its position in shares of Vistra by 0.8% in the 3rd quarter. Invesco Ltd. now owns 4,572,642 shares of the company’s stock valued at $895,872,000 after purchasing an additional 35,258 shares during the period. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Insiders Place Their Bets

In other Vistra news, CAO Margaret Montemayor sold 5,000 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $164.96, for a total transaction of $824,800.00. Following the completion of the sale, the chief accounting officer owned 14,360 shares of the company’s stock, valued at approximately $2,368,825.60. The trade was a 25.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Scott B. Helm sold 25,000 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $160.00, for a total transaction of $4,000,000.00. Following the completion of the sale, the director directly owned 232,200 shares of the company’s stock, valued at $37,152,000. The trade was a 9.72% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 41,588 shares of company stock worth $6,739,227. 0.92% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

VST has been the subject of a number of research reports. Morgan Stanley boosted their price objective on Vistra from $208.00 to $212.00 and gave the company an “overweight” rating in a research note on Tuesday, July 28th. Weiss Ratings downgraded shares of Vistra from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday. JPMorgan Chase & Co. reduced their target price on shares of Vistra from $240.00 to $231.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. TD Cowen decreased their target price on shares of Vistra from $230.00 to $222.00 and set a “buy” rating for the company in a research note on Monday, July 27th. Finally, Raymond James Financial set a $208.00 price target on Vistra in a research report on Monday, April 27th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Vistra has an average rating of “Buy” and a consensus price target of $228.56.

Vistra Price Performance

Shares of NYSE VST opened at $148.33 on Monday. The company has a debt-to-equity ratio of 5.87, a quick ratio of 0.87 and a current ratio of 0.97. The company’s fifty day moving average is $154.14 and its two-hundred day moving average is $156.55. Vistra Corp. has a one year low of $132.66 and a one year high of $219.82. The firm has a market capitalization of $49.79 billion, a P/E ratio of 25.06 and a beta of 1.41.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.6%. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, September 21st. Vistra’s payout ratio is presently 15.54%.

Vistra Company 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.