Corient Private Wealth LLC Acquires 7,772 Shares of Vistra Corp. (NYSE:VST)

Corient Private Wealth LLC raised its holdings in Vistra Corp. (NYSE:VST) by 6.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 136,330 shares of the company’s stock after acquiring an additional 7,772 shares during the quarter. Corient Private Wealth LLC’s holdings in Vistra were worth $18,796,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Lionsbridge Wealth Management LLC bought a new position in Vistra in the 4th quarter valued at $277,000. Dakota Wealth Management bought a new position in Vistra in the 4th quarter valued at $231,000. Retirement Systems of Alabama grew its position in Vistra by 9.6% in the 3rd quarter. Retirement Systems of Alabama now owns 78,965 shares of the company’s stock valued at $9,361,000 after acquiring an additional 6,920 shares during the last quarter. First Sabrepoint Capital Management LP bought a new position in shares of Vistra during the 3rd quarter worth $17,781,000. Finally, Legal Advantage Investments Inc. purchased a new position in shares of Vistra during the fourth quarter valued at $565,000. Institutional investors own 90.88% of the company’s stock.

Vistra Price Performance

Shares of NYSE VST opened at $124.54 on Wednesday. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. The company has a market cap of $42.36 billion, a PE ratio of 23.23, a P/E/G ratio of 1.12 and a beta of 1.21. The business has a 50-day simple moving average of $153.67 and a two-hundred day simple moving average of $137.99. Vistra Corp. has a fifty-two week low of $62.12 and a fifty-two week high of $199.84.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 20th will be issued a $0.2235 dividend. This represents a $0.89 annualized dividend and a yield of 0.72%. The ex-dividend date is Thursday, March 20th. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is currently 12.62%.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. UBS Group raised their price target on Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Evercore ISI assumed coverage on Vistra in a research note on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price target on the stock. Bank of America upgraded Vistra from a “neutral” rating to a “buy” rating and cut their price target for the company from $164.00 to $152.00 in a research note on Tuesday, March 4th. Morgan Stanley raised their price target on Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Finally, Daiwa America upgraded Vistra to a “hold” rating in a research note on Wednesday, March 5th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Vistra has a consensus rating of “Moderate Buy” and a consensus price target of $162.83.

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.