OneAscent Wealth Management LLC Sells 1,598 Shares of Vistra Corp. (NYSE:VST)

OneAscent Wealth Management LLC trimmed its holdings in Vistra Corp. (NYSE:VST) by 43.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,089 shares of the company’s stock after selling 1,598 shares during the quarter. OneAscent Wealth Management LLC’s holdings in Vistra were worth $288,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Pathway Financial Advisers LLC lifted its stake in Vistra by 616.0% in the fourth quarter. Pathway Financial Advisers LLC now owns 179 shares of the company’s stock worth $25,000 after purchasing an additional 154 shares during the last quarter. Avior Wealth Management LLC lifted its stake in shares of Vistra by 56.5% in the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock valued at $25,000 after acquiring an additional 65 shares during the last quarter. Founders Capital Management purchased a new stake in Vistra during the 4th quarter valued at about $28,000. West Branch Capital LLC bought a new position in Vistra during the 4th quarter worth approximately $28,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new position in Vistra in the 4th quarter worth approximately $28,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Insiders Place Their Bets

In other news, Director Paul M. Barbas sold 24,136 shares of the business’s stock in a transaction dated 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 $6,341,513.97. The trade was a 32.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John William Pitesa bought 1,500 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now directly owns 3,467 shares of the company’s stock, valued at $439,442.25. This represents a 76.26 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.42% of the company’s stock.

Vistra Trading Down 0.2 %

Shares of Vistra stock opened at $119.05 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 $40.49 billion, a PE ratio of 22.21, a P/E/G ratio of 1.12 and a beta of 1.21. Vistra Corp. has a 1-year low of $64.26 and a 1-year high of $199.84. The company’s fifty day simple moving average is $147.39 and its 200-day simple moving average is $139.96.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 20th will be issued a dividend of $0.2235 per share. This represents a $0.89 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Thursday, March 20th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is currently 12.62%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. BMO Capital Markets increased their price objective on Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. cut their price target on shares of Vistra from $203.00 to $186.00 and set an “overweight” rating on the stock in a report on Friday. Daiwa Capital Markets assumed coverage on shares of Vistra in a research note on Wednesday, March 5th. They set a “neutral” rating and a $120.00 price objective for the company. UBS Group raised their target price on Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Finally, Daiwa America raised Vistra to a “hold” rating in a research report on Wednesday, March 5th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $163.50.

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.