First National Trust Co purchased a new position in shares of Vistra Corp. (NYSE:VST – Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 5,952 shares of the company’s stock, valued at approximately $821,000.
Several other large investors also recently made changes to their positions in the stock. Apollon Wealth Management LLC bought a new stake in Vistra during the 3rd quarter valued at approximately $231,000. Ashton Thomas Private Wealth LLC lifted its position in shares of Vistra by 8.8% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 4,488 shares of the company’s stock worth $532,000 after acquiring an additional 363 shares during the period. Prime Capital Investment Advisors LLC bought a new stake in shares of Vistra in the 3rd quarter worth approximately $247,000. Cable Hill Partners LLC bought a new stake in shares of Vistra in the 3rd quarter worth approximately $267,000. Finally, Plato Investment Management Ltd bought a new stake in shares of Vistra in the 3rd quarter worth approximately $235,000. Institutional investors own 90.88% of the company’s stock.
Insider Activity at Vistra
In other Vistra news, Director Paul M. Barbas sold 24,136 shares of the stock in a transaction on 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 transaction, the director now directly owns 51,063 shares in the company, valued at approximately $6,341,513.97. This trade represents a 32.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John William Pitesa acquired 1,500 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was purchased at an average price of $126.75 per share, for a total transaction of $190,125.00. Following the completion of the transaction, the director now directly owns 3,467 shares in the company, valued at approximately $439,442.25. The trade was 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 Trading Up 5.4 %
Vistra Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 20th will be issued a dividend of $0.2235 per share. This represents a $0.89 dividend on an annualized basis and a yield of 0.72%. This is a boost from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date is Thursday, March 20th. Vistra’s dividend payout ratio (DPR) is currently 12.62%.
Analyst Upgrades and Downgrades
A number of analysts have commented on VST shares. Daiwa America upgraded Vistra to a “hold” rating in a research report on Wednesday, March 5th. Evercore ISI started coverage on Vistra in a research report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price objective for the company. Morgan Stanley increased their target price on Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Daiwa Capital Markets started coverage on Vistra in a report on Wednesday, March 5th. They issued a “neutral” rating and a $120.00 target price for the company. Finally, UBS Group increased their target price on Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Vistra currently has a consensus rating of “Moderate Buy” and a consensus price target of $162.83.
View Our Latest Research Report on Vistra
Vistra 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.
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