Vistra Corp. (NYSE:VST) Shares Bought by TrueWealth Advisors LLC

TrueWealth Advisors LLC lifted its position in shares of Vistra Corp. (NYSE:VST) by 7.9% during the 1st quarter, HoldingsChannel.com reports. The fund owned 3,814 shares of the company’s stock after acquiring an additional 279 shares during the quarter. TrueWealth Advisors LLC’s holdings in Vistra were worth $448,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in VST. Jones Financial Companies Lllp boosted its stake in Vistra by 355.8% in the fourth quarter. Jones Financial Companies Lllp now owns 6,408 shares of the company’s stock valued at $883,000 after acquiring an additional 5,002 shares during the period. Guardian Asset Advisors LLC bought a new stake in shares of Vistra in the 4th quarter worth approximately $254,000. Savant Capital LLC boosted its position in Vistra by 10.7% during the 4th quarter. Savant Capital LLC now owns 4,058 shares of the company’s stock valued at $559,000 after purchasing an additional 393 shares during the period. Empire Life Investments Inc. grew its stake in Vistra by 0.9% during the 4th quarter. Empire Life Investments Inc. now owns 195,947 shares of the company’s stock worth $27,015,000 after buying an additional 1,681 shares during the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in Vistra during the 4th quarter worth $1,177,000. 90.88% of the stock is owned by institutional investors and hedge funds.

Vistra Stock Up 5.1%

Shares of VST stock opened at $176.03 on Wednesday. Vistra Corp. has a 1 year low of $66.50 and a 1 year high of $199.84. The stock has a market cap of $59.73 billion, a PE ratio of 32.84, a price-to-earnings-growth ratio of 1.12 and a beta of 1.16. The business’s fifty day moving average is $133.62 and its 200-day moving average is $144.55. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Wednesday, June 18th will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.90 annualized dividend and a yield of 0.51%. This is a boost from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is currently 14.15%.

Insider Buying and Selling

In other news, EVP Stephanie Zapata Moore sold 35,000 shares of the business’s stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $161.44, for a total transaction of $5,650,400.00. Following the sale, the executive vice president now directly owns 88,073 shares of the company’s stock, valued at $14,218,505.12. The trade was a 28.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Scott A. Hudson sold 56,000 shares of the business’s stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $157.00, for a total value of $8,792,000.00. Following the sale, the executive vice president now owns 306,600 shares in the company, valued at approximately $48,136,200. The trade was a 15.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 219,000 shares of company stock valued at $34,532,240 over the last three months. Company insiders own 1.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on VST. Bank of America upgraded Vistra from a “neutral” rating to a “buy” rating and cut their target price for the company from $164.00 to $152.00 in a research note on Tuesday, March 4th. The Goldman Sachs Group lifted their price objective on shares of Vistra from $134.00 to $164.00 and gave the company a “neutral” rating in a research report on Friday, May 23rd. UBS Group boosted their target price on shares of Vistra from $154.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Daiwa America upgraded shares of Vistra to a “hold” rating in a research note on Wednesday, March 5th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $178.00 price target (up previously from $172.00) on shares of Vistra in a report on Thursday, May 22nd. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $169.08.

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.