Rathbones Group PLC Purchases New Shares in Vistra Corp. (NYSE:VST)

Rathbones Group PLC purchased a new position in shares of Vistra Corp. (NYSE:VST) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,951 shares of the company’s stock, valued at approximately $269,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Peregrine Asset Advisers Inc. raised its position 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 valued at $285,000 after buying an additional 64 shares in the last quarter. Avior Wealth Management LLC raised its holdings in 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 in the last quarter. Galvin Gaustad & Stein LLC raised its holdings in Vistra by 3.6% in the 4th quarter. Galvin Gaustad & Stein LLC now owns 2,077 shares of the company’s stock valued at $286,000 after acquiring an additional 73 shares in the last quarter. Csenge Advisory Group lifted its position in shares of Vistra by 1.7% during the 4th quarter. Csenge Advisory Group now owns 5,096 shares of the company’s stock valued at $703,000 after acquiring an additional 83 shares during the period. Finally, New Century Financial Group LLC grew its holdings in shares of Vistra by 3.5% during the 4th quarter. New Century Financial Group LLC now owns 2,760 shares of the company’s stock worth $381,000 after purchasing an additional 94 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Insider Activity at Vistra

In other Vistra news, Director Paul M. Barbas sold 24,136 shares of the firm’s 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 approximately $6,341,513.97. This trade represents a 32.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John William Pitesa acquired 1,500 shares of Vistra stock in a transaction dated Wednesday, March 12th. The stock was purchased at an average cost of $126.75 per share, for a total transaction of $190,125.00. Following the completion of the purchase, the director now owns 3,467 shares in the company, valued at approximately $439,442.25. The trade was a 76.26 % increase in their position. The disclosure for this purchase can be found here. 1.42% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

VST has been the subject of several recent analyst reports. Daiwa America raised shares of Vistra to a “hold” rating in a research report on Wednesday, March 5th. Evercore ISI assumed coverage on shares of Vistra in a research report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price target on the stock. Bank of America upgraded shares of Vistra from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $164.00 to $152.00 in a research report on Tuesday, March 4th. JPMorgan Chase & Co. reduced their target price on Vistra from $203.00 to $186.00 and set an “overweight” rating on the stock in a report on Friday, March 28th. Finally, UBS Group boosted their price target on Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $161.23.

Vistra Stock Up 16.6 %

Shares of NYSE VST opened at $119.13 on Thursday. The company has a 50 day simple moving average of $135.49 and a 200 day simple moving average of $141.42. 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 Corp. has a 1 year low of $64.26 and a 1 year high of $199.84. The firm has a market cap of $40.52 billion, a PE ratio of 22.23, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 20th were paid a $0.2235 dividend. This is a boost from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date was Thursday, March 20th. This represents a $0.89 annualized dividend and a dividend yield of 0.75%. Vistra’s payout ratio is currently 12.62%.

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.