1,718 Shares in Vistra Corp. (NYSE:VST) Acquired by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC bought a new stake in shares of Vistra Corp. (NYSE:VST) during the 4th quarter, Holdings Channel.com reports. The fund bought 1,718 shares of the company’s stock, valued at approximately $237,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Morse Asset Management Inc purchased a new position in Vistra in the third quarter valued at about $631,000. Orion Portfolio Solutions LLC raised its stake in shares of Vistra by 56.5% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 5,067 shares of the company’s stock worth $601,000 after acquiring an additional 1,829 shares in the last quarter. Virtu Financial LLC purchased a new stake in Vistra during the third quarter valued at approximately $1,466,000. Fulcrum Equity Management boosted its stake in Vistra by 2.8% in the third quarter. Fulcrum Equity Management now owns 13,549 shares of the company’s stock valued at $1,606,000 after acquiring an additional 364 shares in the last quarter. Finally, Pine Valley Investments Ltd Liability Co purchased a new position in Vistra in the third quarter worth $208,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Vistra Stock Performance

NYSE VST opened at $116.19 on Thursday. The firm has a market capitalization of $39.52 billion, a P/E ratio of 21.68, a PEG ratio of 1.12 and a beta of 1.21. The stock has a 50-day simple moving average of $129.91 and a two-hundred day simple moving average of $141.15. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. Vistra Corp. has a fifty-two week low of $64.26 and a fifty-two week high of $199.84.

Vistra Increases Dividend

The business also recently declared 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. This represents a $0.89 annualized dividend and a yield of 0.77%. The ex-dividend date was Thursday, March 20th. Vistra’s dividend payout ratio (DPR) is currently 12.62%.

Insider Buying and Selling at Vistra

In other news, Director John William Pitesa purchased 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The shares were bought at an average price of $126.75 per share, for a total transaction of $190,125.00. Following the completion of the transaction, the director now owns 3,467 shares in the company, valued at $439,442.25. This represents a 76.26 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Paul M. Barbas sold 24,136 shares of Vistra stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $124.19, for a total transaction of $2,997,449.84. Following the completion of the transaction, the director now directly owns 51,063 shares of the company’s stock, valued at $6,341,513.97. The trade was 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.

Analyst Ratings Changes

A number of analysts have recently weighed in on VST shares. Daiwa Capital Markets assumed coverage on Vistra in a research report on Wednesday, March 5th. They issued a “neutral” rating and a $120.00 price objective for the company. Bank of America raised Vistra from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $164.00 to $152.00 in a report on Tuesday, March 4th. The Goldman Sachs Group started coverage on shares of Vistra in a research report on Friday, April 4th. They issued a “neutral” rating and a $134.00 price objective for the company. Evercore ISI initiated coverage on shares of Vistra in a research note on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 target price for the company. Finally, BMO Capital Markets raised their price target on shares of Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $159.69.

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.