Wealth Effects LLC Purchases Shares of 4,701 Vistra Corp. $VST

Wealth Effects LLC purchased a new position in shares of Vistra Corp. (NYSE:VST) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,701 shares of the company’s stock, valued at approximately $746,000.

A number of other institutional investors have also modified their holdings of VST. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Vistra in the 4th quarter valued at about $25,000. Mcguire Capital Advisors Inc. acquired a new stake in Vistra during the fourth quarter worth about $28,000. Kemnay Advisory Services Inc. acquired a new stake in Vistra during the fourth quarter worth about $30,000. Triumph Capital Management purchased a new position in Vistra during the third quarter valued at approximately $38,000. Finally, Strive Asset Management LLC purchased a new position in Vistra during the third quarter valued at approximately $38,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on VST. Raymond James Financial set a $208.00 price objective on Vistra in a research report on Monday, April 27th. TD Cowen cut their target price on shares of Vistra from $230.00 to $222.00 and set a “buy” rating for the company in a report on Monday, July 27th. Zacks Research upgraded shares of Vistra from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. The Goldman Sachs Group set a $206.00 price target on shares of Vistra in a report on Wednesday. Finally, UBS Group dropped their price target on shares of Vistra from $233.00 to $227.00 and set a “buy” rating on the stock in a research report on Tuesday, July 28th. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $228.56.

Vistra Stock Performance

Shares of VST stock opened at $148.33 on Monday. The company has a current ratio of 0.97, a quick ratio of 0.87 and a debt-to-equity ratio of 5.87. Vistra Corp. has a 12-month low of $132.66 and a 12-month high of $219.82. The business’s 50 day moving average is $154.14 and its two-hundred day moving average is $156.55. The company 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, September 21st. This is a positive change from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio is currently 15.54%.

Insiders Place Their Bets

In related news, Director Scott B. Helm sold 25,000 shares of Vistra stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $160.00, for a total value of $4,000,000.00. Following the sale, the director owned 232,200 shares of the company’s stock, valued at approximately $37,152,000. This trade represents a 9.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John R. Sult sold 6,500 shares of the business’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $170.00, for a total transaction of $1,105,000.00. Following the completion of the sale, the director directly owned 70,714 shares of the company’s stock, valued at approximately $12,021,380. The trade was a 8.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 41,588 shares of company stock worth $6,739,227. Corporate insiders own 0.92% of the company’s stock.

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.