Vistra Corp. (NYSE:VST) Shares Purchased by Berbice Capital Management LLC

by · The Cerbat Gem

Berbice Capital Management LLC lifted its holdings in Vistra Corp. (NYSE:VST – Free Report) by 22.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,100 shares of the company’s stock after purchasing an additional 200 shares during the quarter. Berbice Capital Management LLC’s holdings in Vistra were worth $129,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. SteelPeak Wealth LLC boosted its position in shares of Vistra by 310.3% in the 1st quarter. SteelPeak Wealth LLC now owns 15,100 shares of the company’s stock worth $1,773,000 after purchasing an additional 11,420 shares in the last quarter. Diversify Wealth Management LLC acquired a new stake in shares of Vistra in the 1st quarter worth $2,603,000. Caas Capital Management LP acquired a new stake in shares of Vistra in the 1st quarter worth $1,272,000. Alan B Lancz & Associates Inc. raised its stake in Vistra by 14.7% in the 1st quarter. Alan B Lancz & Associates Inc. now owns 5,083 shares of the company’s stock worth $597,000 after acquiring an additional 650 shares during the last quarter. Finally, Alps Advisors Inc. purchased a new position in Vistra in the 1st quarter worth $335,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Stock Performance

NYSE VST opened at $196.48 on Friday. The stock has a 50-day simple moving average of $170.58 and a two-hundred day simple moving average of $150.93. The firm has a market capitalization of $66.67 billion, a P/E ratio of 30.89, a PEG ratio of 2.30 and a beta of 1.26. Vistra Corp. has a fifty-two week low of $66.50 and a fifty-two week high of $200.25. 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 business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th were paid a dividend of $0.225 per share. The ex-dividend date was Wednesday, June 18th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.46%. This is a positive change from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is presently 14.15%.

Insider Buying and Selling at Vistra

In related news, Director Scott B. Helm sold 50,000 shares of Vistra stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $172.75, for a total value of $8,637,500.00. Following the completion of the transaction, the director owned 255,192 shares in the company, valued at $44,084,418. The trade was a 16.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Carrie Lee Kirby sold 108,000 shares of Vistra 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 transaction, the executive vice president owned 218,239 shares of the company’s stock, valued at approximately $34,259,158.22. This represents a 33.10% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 294,000 shares of company stock worth $47,461,490. Insiders own 1.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on VST shares. UBS Group raised their target price on Vistra from $160.00 to $207.00 and gave the stock a “buy” rating in a research note on Tuesday, June 17th. Raymond James Financial started coverage on Vistra in a research note on Friday, June 13th. They issued a “strong-buy” rating and a $216.00 target price for the company. Evercore ISI set a $192.00 target price on Vistra and gave the stock an “outperform” rating in a research note on Thursday, May 15th. Morgan Stanley raised their target price on Vistra from $178.00 to $186.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 18th. Finally, JPMorgan Chase & Co. reduced their target price on Vistra from $203.00 to $186.00 and set an “overweight” rating for the company in a research note on Friday, March 28th. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $176.92.

Check Out Our Latest Stock Report on VST

About Vistra

(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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