Vistra Corp. (NYSE:VST) Shares Purchased by Grassi Investment Management

by · The Cerbat Gem

Grassi Investment Management boosted its holdings in shares of Vistra Corp. (NYSE:VST – Free Report) by 349.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,475 shares of the company’s stock after acquiring an additional 9,700 shares during the period. Grassi Investment Management’s holdings in Vistra were worth $1,465,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VST. Jones Financial Companies Lllp raised its position in shares of Vistra by 355.8% during the 4th quarter. Jones Financial Companies Lllp now owns 6,408 shares of the company’s stock worth $883,000 after purchasing an additional 5,002 shares during the last quarter. Guardian Asset Advisors LLC purchased a new stake in shares of Vistra in the fourth quarter valued at $254,000. Savant Capital LLC raised its stake in Vistra by 10.7% in the 4th quarter. Savant Capital LLC now owns 4,058 shares of the company’s stock valued at $559,000 after purchasing an additional 393 shares during the last quarter. Empire Life Investments Inc. boosted its stake in shares of Vistra by 0.9% during the 4th quarter. Empire Life Investments Inc. now owns 195,947 shares of the company’s stock worth $27,015,000 after purchasing an additional 1,681 shares during the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of Vistra during the fourth quarter worth about $1,177,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Stock Performance

NYSE:VST opened at $172.88 on Thursday. The firm’s fifty day simple moving average is $134.69 and its 200 day simple moving average is $144.74. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. Vistra Corp. has a twelve month low of $66.50 and a twelve month high of $199.84. The firm has a market capitalization of $58.66 billion, a price-to-earnings ratio of 32.25, a PEG ratio of 1.12 and a beta of 1.16.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th will be given a dividend of $0.225 per share. This is a boost from Vistra’s previous quarterly dividend of $0.22. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend is Wednesday, June 18th. Vistra’s payout ratio is presently 14.15%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Morgan Stanley reissued an “overweight” rating and set a $178.00 price objective (up previously from $172.00) on shares of Vistra in a research note on Thursday, May 22nd. Evercore ISI set a $192.00 price objective on Vistra and gave the stock an “outperform” rating in a report on Thursday, May 15th. Bank of America raised Vistra from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $164.00 to $152.00 in a research report on Tuesday, March 4th. The Goldman Sachs Group raised their price target on Vistra from $134.00 to $164.00 and gave the stock a “neutral” rating in a research note on Friday, May 23rd. Finally, Daiwa America upgraded Vistra to a “hold” rating in a report on Wednesday, March 5th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $169.08.

Check Out Our Latest Research Report on VST

Insider Activity

In other Vistra news, Director John William Pitesa purchased 1,500 shares of Vistra stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased 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 of the company’s stock, valued at approximately $439,442.25. This trade represents a 76.26% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Scott B. Helm sold 20,000 shares of Vistra stock in a transaction on Monday, May 19th. The stock was sold at an average price of $156.80, for a total transaction of $3,136,000.00. Following the completion of the sale, the director now owns 325,192 shares of the company’s stock, valued at approximately $50,990,105.60. This trade represents a 5.79% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 219,000 shares of company stock worth $34,532,240. 1.42% of the stock is currently owned by company insiders.

Vistra Profile

(Free Report)

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.

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