Advisors Capital Management LLC Has $674,000 Holdings in Vistra Corp. (NYSE:VST)

Advisors Capital Management LLC grew its position in shares of Vistra Corp. (NYSE:VST) by 23.9% in the 4th quarter, Holdings Channel reports. The firm owned 4,890 shares of the company’s stock after acquiring an additional 943 shares during the quarter. Advisors Capital Management LLC’s holdings in Vistra were worth $674,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Morse Asset Management Inc bought a new stake in Vistra during the third quarter valued at $631,000. Orion Portfolio Solutions LLC lifted its stake in shares of Vistra by 56.5% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 5,067 shares of the company’s stock valued at $601,000 after purchasing an additional 1,829 shares during the period. Virtu Financial LLC bought a new stake in shares of Vistra during the 3rd quarter valued at about $1,466,000. Fulcrum Equity Management grew its stake in Vistra by 2.8% during the third quarter. Fulcrum Equity Management now owns 13,549 shares of the company’s stock worth $1,606,000 after purchasing an additional 364 shares during the period. Finally, Pine Valley Investments Ltd Liability Co bought a new stake in Vistra in the third quarter worth approximately $208,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Analyst Ratings Changes

VST has been the topic of a number of research analyst reports. JPMorgan Chase & Co. cut their price target on Vistra from $203.00 to $186.00 and set an “overweight” rating on the stock in a report on Friday, March 28th. UBS Group cut their target price on shares of Vistra from $174.00 to $154.00 and set a “buy” rating on the stock in a research note on Friday. Daiwa Capital Markets assumed coverage on shares of Vistra in a research note on Wednesday, March 5th. They issued a “neutral” rating and a $120.00 price target for the company. BMO Capital Markets upped their price objective on shares of Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Finally, Daiwa America upgraded Vistra to a “hold” rating in a research note on Wednesday, March 5th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Vistra has an average rating of “Moderate Buy” and an average price target of $159.69.

Vistra Price Performance

VST stock opened at $112.37 on Tuesday. 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 business has a 50-day simple moving average of $132.00 and a two-hundred day simple moving average of $141.50. The company has a market capitalization of $38.22 billion, a P/E ratio of 20.96, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21. Vistra Corp. has a 52-week low of $64.26 and a 52-week high of $199.84.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 20th were given a dividend of $0.2235 per share. This is a boost from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $0.89 annualized dividend and a dividend yield of 0.80%. Vistra’s payout ratio is presently 12.62%.

Insider Buying and Selling

In other news, Director John William Pitesa acquired 1,500 shares of Vistra stock in a transaction on Wednesday, March 12th. The stock was acquired at an average cost of $126.75 per share, with a total value of $190,125.00. Following the transaction, the director now owns 3,467 shares of the company’s stock, valued at approximately $439,442.25. This trade represents a 76.26 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul M. Barbas sold 24,136 shares of Vistra stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $124.19, for a total transaction of $2,997,449.84. Following the transaction, the director now directly owns 51,063 shares in the company, 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. 1.42% of the stock is currently owned by corporate insiders.

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.