Rockline Wealth Management LLC Acquires Shares of 9,401 Vistra Corp. (NYSE:VST)

Rockline Wealth Management LLC acquired a new stake in Vistra Corp. (NYSE:VST) in the first quarter, Holdings Channel reports. The fund acquired 9,401 shares of the company’s stock, valued at approximately $1,104,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Tucker Asset Management LLC acquired a new stake in Vistra in the fourth quarter valued at approximately $28,000. Cherry Tree Wealth Management LLC boosted its position in shares of Vistra by 2,030.0% during the fourth quarter. Cherry Tree Wealth Management LLC now owns 213 shares of the company’s stock valued at $29,000 after buying an additional 203 shares during the last quarter. Ameriflex Group Inc. purchased a new position in shares of Vistra during the fourth quarter valued at approximately $32,000. Whipplewood Advisors LLC purchased a new position in shares of Vistra during the fourth quarter valued at approximately $39,000. Finally, Whittier Trust Co. boosted its position in shares of Vistra by 1,611.8% during the fourth quarter. Whittier Trust Co. now owns 291 shares of the company’s stock valued at $40,000 after buying an additional 274 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Stock Performance

Shares of Vistra stock opened at $185.14 on Friday. The business’s fifty day simple moving average is $149.84 and its 200 day simple moving average is $146.25. The firm has a market capitalization of $62.82 billion, a P/E ratio of 29.11, a price-to-earnings-growth ratio of 2.21 and a beta of 1.22. Vistra Corp. has a 12 month low of $66.50 and a 12 month high of $199.84. The company has a current ratio of 0.86, a quick ratio of 0.77 and a debt-to-equity ratio of 6.53.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th will be paid a $0.225 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. This represents a $0.90 annualized dividend and a dividend yield of 0.49%. Vistra’s payout ratio is presently 14.15%.

Insider Buying and Selling at Vistra

In other Vistra news, EVP Carrie Lee Kirby sold 108,000 shares of the business’s stock in a transaction on 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 $34,259,158.22. The trade was a 33.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Scott B. Helm sold 20,000 shares of the business’s stock in a transaction on Monday, May 19th. The shares were 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 approximately $50,990,105.60. The trade was a 5.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 294,000 shares of company stock worth $47,461,490 over the last ninety days. 1.42% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Daiwa Capital Markets assumed coverage on Vistra in a research report on Wednesday, March 5th. They set a “neutral” rating and a $120.00 target price on the stock. The Goldman Sachs Group lifted their target price on Vistra from $134.00 to $164.00 and gave the company a “neutral” rating in a research report on Friday, May 23rd. JPMorgan Chase & Co. cut their target price on Vistra from $203.00 to $186.00 and set an “overweight” rating on the stock in a research report on Friday, March 28th. Morgan Stanley lifted their target price on Vistra from $178.00 to $186.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Raymond James Financial began coverage on Vistra in a report on Friday, June 13th. They set a “strong-buy” rating and a $216.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $176.92.

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.