Rehmann Capital Advisory Group Acquires Shares of 1,643 Vistra Corp. (NYSE:VST)

Rehmann Capital Advisory Group bought a new position in shares of Vistra Corp. (NYSE:VST) in the fourth quarter, Holdings Channel.com reports. The fund bought 1,643 shares of the company’s stock, valued at approximately $227,000.

A number of other hedge funds have also modified their holdings of the business. Lionsbridge Wealth Management LLC acquired a new stake in Vistra in the 4th quarter valued at about $277,000. Dakota Wealth Management acquired a new stake in shares of Vistra in the fourth quarter valued at approximately $231,000. Retirement Systems of Alabama lifted its position 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 buying an additional 6,920 shares in the last quarter. Legal Advantage Investments Inc. acquired a new position in Vistra during the fourth quarter worth $565,000. Finally, Viking Fund Management LLC grew its holdings in 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 buying an additional 9,000 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VST has been the topic of several analyst reports. JPMorgan Chase & Co. reduced their price target on Vistra from $203.00 to $186.00 and set an “overweight” rating on the stock in a report on Friday, March 28th. Bank of America upgraded shares of Vistra from a “neutral” rating to a “buy” rating and decreased their target price 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 set an “outperform” rating and a $202.00 price target for the company. UBS Group decreased their price objective on Vistra from $174.00 to $154.00 and set a “buy” rating on the stock in a report on Friday, April 11th. Finally, BMO Capital Markets raised their target price on Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $166.17.

Insider Transactions at Vistra

In other Vistra news, Director John William Pitesa purchased 1,500 shares of the company’s stock in a transaction on Wednesday, March 12th. The stock was acquired at an average price of $126.75 per share, for a total transaction of $190,125.00. Following the completion of the purchase, the director now directly owns 3,467 shares in the company, valued at approximately $439,442.25. The trade was a 76.26 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul M. Barbas sold 24,136 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $124.19, for a total value of $2,997,449.84. Following the completion of the sale, the director now owns 51,063 shares in the company, valued at approximately $6,341,513.97. The trade was a 32.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.42% of the company’s stock.

Vistra Trading Up 1.4 %

Shares of NYSE VST opened at $139.24 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. The stock has a market capitalization of $47.36 billion, a PE ratio of 25.98, a PEG ratio of 1.12 and a beta of 1.21. Vistra Corp. has a twelve month low of $66.50 and a twelve month high of $199.84. The stock has a fifty day simple moving average of $120.90 and a 200-day simple moving average of $140.84.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th will be paid a dividend of $0.225 per share. The ex-dividend date is Wednesday, June 18th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. This represents a $0.90 dividend on an annualized basis and a yield of 0.65%. Vistra’s dividend payout ratio is 12.62%.

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.