Aspetuck Financial Management LLC Makes New Investment in Vistra Corp. (NYSE:VST)

Aspetuck Financial Management LLC purchased a new position in shares of Vistra Corp. (NYSE:VST) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 4,505 shares of the company’s stock, valued at approximately $529,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tucker Asset Management LLC bought a new stake in Vistra during the 4th quarter worth about $28,000. Ameriflex Group Inc. bought a new stake in Vistra during the 4th quarter worth about $32,000. Whipplewood Advisors LLC bought a new stake in Vistra during the 4th quarter worth about $39,000. Whittier Trust Co. lifted its position in Vistra by 1,611.8% during the 4th quarter. Whittier Trust Co. now owns 291 shares of the company’s stock worth $40,000 after buying an additional 274 shares in the last quarter. Finally, Opal Wealth Advisors LLC bought a new stake in Vistra during the 1st quarter worth about $46,000. 90.88% of the stock is owned by institutional investors.

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 dated Monday, May 19th. The shares were sold at an average price of $156.98, for a total value of $16,953,840.00. Following the completion of the sale, the executive vice president now owns 218,239 shares of the company’s stock, valued at $34,259,158.22. The trade was a 33.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John R. Sult sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $171.67, for a total transaction of $4,291,750.00. Following the sale, the director now directly owns 75,946 shares of the company’s stock, valued at approximately $13,037,649.82. This trade represents a 24.77% decrease in their position. The disclosure for this sale can be found here. Insiders sold 294,000 shares of company stock valued at $47,461,490 in the last quarter. Company insiders own 1.42% of the company’s stock.

Vistra Stock Up 0.1%

Shares of VST opened at $186.41 on Thursday. Vistra Corp. has a 52 week low of $66.50 and a 52 week high of $199.84. The firm has a market cap of $63.25 billion, a P/E ratio of 29.31, a price-to-earnings-growth ratio of 2.27 and a beta of 1.22. The firm’s 50-day simple moving average is $154.13 and its 200 day simple moving average is $146.78. The company has a debt-to-equity ratio of 6.53, a quick ratio of 0.77 and a current ratio of 0.86.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th will be issued a $0.225 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $0.90 dividend on an annualized basis and a yield of 0.48%. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is currently 14.15%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Morgan Stanley boosted their price target on shares of Vistra from $178.00 to $186.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 18th. Evercore ISI set a $192.00 price objective on shares of Vistra and gave the stock an “outperform” rating in a research note on Thursday, May 15th. UBS Group boosted their price objective on shares of Vistra from $160.00 to $207.00 and gave the stock a “buy” rating in a research note on Tuesday, June 17th. Daiwa Capital Markets began coverage on shares of Vistra in a research note on Wednesday, March 5th. They set a “neutral” rating and a $120.00 price objective on the stock. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Vistra from $203.00 to $186.00 and set an “overweight” rating on the stock in a research note on Friday, March 28th. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Vistra presently has a consensus rating of “Moderate Buy” and an average target price of $176.92.

Vistra Company 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.