Stamos Capital Partners L.P. Has $2.27 Million Stake in Vistra Corp. (NYSE:VST)

Stamos Capital Partners L.P. reduced its position in Vistra Corp. (NYSE:VST) by 31.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,450 shares of the company’s stock after selling 7,420 shares during the quarter. Stamos Capital Partners L.P.’s holdings in Vistra were worth $2,268,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of VST. Lionsbridge Wealth Management LLC bought a new position in shares of Vistra during the 4th quarter worth about $277,000. Dakota Wealth Management acquired a new position in Vistra in the fourth quarter worth about $231,000. Retirement Systems of Alabama lifted its stake in Vistra by 9.6% during the third quarter. Retirement Systems of Alabama now owns 78,965 shares of the company’s stock worth $9,361,000 after purchasing an additional 6,920 shares during the period. Legal Advantage Investments Inc. acquired a new stake in Vistra during the fourth quarter valued at approximately $565,000. Finally, Viking Fund Management LLC grew its stake in shares of Vistra by 90.0% in the 4th quarter. Viking Fund Management LLC now owns 19,000 shares of the company’s stock valued at $2,620,000 after purchasing an additional 9,000 shares during the period. Institutional investors and hedge funds own 90.88% of the company’s stock.

Insider Activity

In other Vistra news, Director John William Pitesa purchased 1,500 shares of the stock in a transaction dated Wednesday, March 12th. The stock was bought at an average price of $126.75 per share, for a total transaction of $190,125.00. Following the transaction, the director now directly owns 3,467 shares in the company, valued at $439,442.25. This represents a 76.26 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Paul M. Barbas sold 24,136 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $124.19, for a total transaction of $2,997,449.84. Following the completion of the transaction, the director now owns 51,063 shares in the company, valued at $6,341,513.97. This represents a 32.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.42% of the company’s stock.

Vistra Price Performance

VST opened at $111.72 on Friday. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. The stock has a market capitalization of $38.00 billion, a P/E ratio of 20.84, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21. The company’s 50 day simple moving average is $133.17 and its 200-day simple moving average is $141.35. Vistra Corp. has a one year low of $64.26 and a one year high of $199.84.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 20th were given a $0.2235 dividend. This represents a $0.89 dividend on an annualized basis and a yield of 0.80%. This is a positive change from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Thursday, March 20th. Vistra’s dividend payout ratio (DPR) is presently 12.62%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on VST shares. The Goldman Sachs Group initiated coverage on Vistra in a research report on Friday, April 4th. They set a “neutral” rating and a $134.00 target price for the company. Bank of America raised Vistra from a “neutral” rating to a “buy” rating and cut their price objective for the company from $164.00 to $152.00 in a report on Tuesday, March 4th. Evercore ISI started coverage on shares of Vistra in a report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 target price on the stock. BMO Capital Markets increased their target price on shares of Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Finally, Daiwa Capital Markets began coverage on shares of Vistra in a research report on Wednesday, March 5th. They issued a “neutral” rating and a $120.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $159.69.

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.