Cresset Asset Management LLC Sells 11,125 Shares of Vistra Corp. (NYSE:VST)

Cresset Asset Management LLC trimmed its position in shares of Vistra Corp. (NYSE:VST) by 23.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,299 shares of the company’s stock after selling 11,125 shares during the period. Cresset Asset Management LLC’s holdings in Vistra were worth $5,142,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of VST. Peregrine Asset Advisers Inc. lifted its holdings in shares of Vistra by 3.2% in the fourth quarter. Peregrine Asset Advisers Inc. now owns 2,064 shares of the company’s stock worth $285,000 after buying an additional 64 shares in the last quarter. Avior Wealth Management LLC lifted its stake in Vistra by 56.5% in the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock worth $25,000 after purchasing an additional 65 shares in the last quarter. Galvin Gaustad & Stein LLC boosted its holdings in shares of Vistra by 3.6% during the 4th quarter. Galvin Gaustad & Stein LLC now owns 2,077 shares of the company’s stock valued at $286,000 after purchasing an additional 73 shares during the last quarter. Paloma Partners Management Co grew its position in shares of Vistra by 1.0% during the fourth quarter. Paloma Partners Management Co now owns 8,000 shares of the company’s stock valued at $1,103,000 after purchasing an additional 81 shares in the last quarter. Finally, Csenge Advisory Group increased its holdings in shares of Vistra by 1.7% in the fourth quarter. Csenge Advisory Group now owns 5,096 shares of the company’s stock worth $703,000 after purchasing an additional 83 shares during the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Vistra Stock Up 1.0 %

Shares of NYSE VST opened at $140.87 on Friday. The company has a market cap of $47.92 billion, a P/E ratio of 26.28, a PEG ratio of 1.12 and a beta of 1.16. The firm has a 50-day simple moving average of $121.50 and a two-hundred day simple moving average of $141.12. Vistra Corp. has a 1 year low of $66.50 and a 1 year high of $199.84. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 0.64%. The ex-dividend date is Wednesday, June 18th. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio is 12.77%.

Insiders Place Their Bets

In related news, Director John William Pitesa purchased 1,500 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The stock was purchased at an average price of $126.75 per share, with a total value of $190,125.00. Following the completion of the purchase, the director now owns 3,467 shares of the company’s stock, valued at approximately $439,442.25. The trade was a 76.26 % increase in their position. The acquisition 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 stock was sold at an average price of $124.19, for a total value of $2,997,449.84. Following the completion of 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 disclosure for this sale can be found here. Insiders own 1.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Evercore ISI began coverage on Vistra in a report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price target for the company. BMO Capital Markets raised their target price on shares of Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. UBS Group upped their price target on shares of Vistra from $154.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. reduced their target price on shares of Vistra from $203.00 to $186.00 and set an “overweight” rating on the stock in a report on Friday, March 28th. Finally, Daiwa Capital Markets began coverage on shares of Vistra in a report on Wednesday, March 5th. They issued a “neutral” rating and a $120.00 price target for the company. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $166.67.

About Vistra

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.