First American Bank Raises Position in Vistra Corp. (NYSE:VST)

First American Bank grew its position in Vistra Corp. (NYSE:VST) by 1.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 19,171 shares of the company’s stock after buying an additional 326 shares during the period. First American Bank’s holdings in Vistra were worth $2,251,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of VST. Peregrine Asset Advisers Inc. increased its holdings in shares of Vistra by 3.2% in the 4th quarter. Peregrine Asset Advisers Inc. now owns 2,064 shares of the company’s stock worth $285,000 after purchasing an additional 64 shares in the last quarter. Paloma Partners Management Co increased its holdings in shares of Vistra by 1.0% in the 4th quarter. Paloma Partners Management Co now owns 8,000 shares of the company’s stock worth $1,103,000 after purchasing an additional 81 shares in the last quarter. Sunbelt Securities Inc. increased its holdings in shares of Vistra by 1.6% in the 4th quarter. Sunbelt Securities Inc. now owns 6,409 shares of the company’s stock worth $898,000 after purchasing an additional 98 shares in the last quarter. IHT Wealth Management LLC increased its holdings in shares of Vistra by 1.1% in the 4th quarter. IHT Wealth Management LLC now owns 9,579 shares of the company’s stock worth $1,321,000 after purchasing an additional 106 shares in the last quarter. Finally, Rothschild Investment LLC increased its holdings in shares of Vistra by 34.2% in the 4th quarter. Rothschild Investment LLC now owns 463 shares of the company’s stock worth $64,000 after purchasing an additional 118 shares in the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Vistra Price Performance

Shares of Vistra stock opened at $185.14 on Friday. The stock’s 50-day simple moving average is $149.84 and its 200-day simple moving average is $146.25. Vistra Corp. has a 52 week low of $66.50 and a 52 week high of $199.84. The company has a market capitalization of $62.82 billion, a price-to-earnings ratio of 29.11, a PEG ratio of 2.21 and a beta of 1.22. The company has a quick ratio of 0.77, a current ratio of 0.86 and a debt-to-equity ratio of 6.53.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 0.49%. This is an increase from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date is Wednesday, June 18th. Vistra’s payout ratio is presently 14.15%.

Analysts Set New Price Targets

A number of analysts have commented on the company. Morgan Stanley lifted their target price on Vistra from $178.00 to $186.00 and gave the stock an “overweight” rating in a report on Wednesday. The Goldman Sachs Group lifted their price objective on Vistra from $134.00 to $164.00 and gave the stock a “neutral” rating in a report on Friday, May 23rd. JPMorgan Chase & Co. cut their price objective on Vistra from $203.00 to $186.00 and set an “overweight” rating for the company in a report on Friday, March 28th. UBS Group boosted their price target on Vistra from $160.00 to $207.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Daiwa Capital Markets began coverage on Vistra in a report on Wednesday, March 5th. They set a “neutral” rating and a $120.00 price target for the company. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Vistra presently has an average rating of “Moderate Buy” and an average price target of $176.92.

Insider Activity

In related news, EVP Carrie Lee Kirby sold 108,000 shares of the business’s stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $156.98, for a total value of $16,953,840.00. Following the sale, the executive vice president now directly owns 218,239 shares in the company, valued at approximately $34,259,158.22. The trade was a 33.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Scott B. Helm sold 20,000 shares of the business’s stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $156.80, for a total value of $3,136,000.00. Following the completion of the sale, the director now owns 325,192 shares in the company, valued at $50,990,105.60. This represents a 5.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 294,000 shares of company stock worth $47,461,490 over the last ninety days. Corporate insiders own 1.42% of the company’s stock.

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.