World Investment Advisors increased its holdings in shares of Vistra Corp. (NYSE:VST – Free Report) by 24.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,695 shares of the company’s stock after acquiring an additional 737 shares during the quarter. World Investment Advisors’ holdings in Vistra were worth $509,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the business. Integrated Wealth Concepts LLC grew its position in shares of Vistra by 4.8% in the third quarter. Integrated Wealth Concepts LLC now owns 4,469 shares of the company’s stock valued at $530,000 after purchasing an additional 204 shares in the last quarter. Morse Asset Management Inc acquired a new stake in shares of Vistra in the 3rd quarter worth $631,000. Quantinno Capital Management LP boosted its position in shares of Vistra by 31.7% during the 3rd quarter. Quantinno Capital Management LP now owns 23,074 shares of the company’s stock valued at $2,735,000 after acquiring an additional 5,558 shares during the last quarter. EP Wealth Advisors LLC acquired a new position in shares of Vistra during the 3rd quarter valued at about $931,000. Finally, Zacks Investment Management increased its position in Vistra by 6.7% during the third quarter. Zacks Investment Management now owns 34,690 shares of the company’s stock worth $4,112,000 after purchasing an additional 2,179 shares during the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on the stock. UBS Group boosted their target price on shares of Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Daiwa Capital Markets initiated coverage on Vistra in a research report on Wednesday, March 5th. They set a “neutral” rating and a $120.00 price objective for the company. Evercore ISI assumed coverage on Vistra in a research note on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price target on the stock. BMO Capital Markets lifted their price objective on shares of Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. reduced their price objective on Vistra from $203.00 to $186.00 and set an “overweight” rating on the stock in a research note on Friday, March 28th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Vistra currently has an average rating of “Moderate Buy” and a consensus target price of $161.23.
Vistra Stock Up 4.3 %
Shares of NYSE VST opened at $102.33 on Tuesday. The business has a 50-day moving average price of $139.62 and a 200 day moving average price of $141.85. The stock has a market cap of $34.81 billion, a PE ratio of 19.09, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21. 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 52-week low of $64.26 and a 52-week high of $199.84.
Vistra Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 20th were given a dividend of $0.2235 per share. The ex-dividend date of this dividend was Thursday, March 20th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. This represents a $0.89 dividend on an annualized basis and a dividend yield of 0.87%. Vistra’s dividend payout ratio (DPR) is 12.62%.
Insider Activity
In related news, Director John William Pitesa bought 1,500 shares of the company’s stock in a transaction dated 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 completion of the acquisition, the director now owns 3,467 shares in the company, valued at approximately $439,442.25. This trade represents a 76.26 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul M. Barbas sold 24,136 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 51,063 shares of the company’s stock, valued at $6,341,513.97. This trade represents a 32.10 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.42% of the company’s stock.
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.
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