Beck Capital Management LLC Purchases New Position in Vistra Corp. (NYSE:VST)

Beck Capital Management LLC acquired a new position in shares of Vistra Corp. (NYSE:VST - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 33,511 shares of the company's stock, valued at approximately $4,620,000.

Several other hedge funds and other institutional investors also recently modified their holdings of VST. Peregrine Asset Advisers Inc. boosted its holdings in Vistra by 3.2% during the fourth quarter. Peregrine Asset Advisers Inc. now owns 2,064 shares of the company's stock valued at $285,000 after acquiring an additional 64 shares during the period. Avior Wealth Management LLC raised its position in Vistra by 56.5% in the fourth quarter. Avior Wealth Management LLC now owns 180 shares of the company's stock worth $25,000 after purchasing an additional 65 shares in the last quarter. Galvin Gaustad & Stein LLC lifted its position in shares of Vistra by 3.6% during the 4th quarter. Galvin Gaustad & Stein LLC now owns 2,077 shares of the company's stock worth $286,000 after buying an additional 73 shares during the period. Csenge Advisory Group grew its holdings in shares of Vistra by 1.7% in the 4th quarter. Csenge Advisory Group now owns 5,096 shares of the company's stock worth $703,000 after purchasing an additional 83 shares during the last quarter. Finally, New Century Financial Group LLC increased its holdings in shares of Vistra by 3.5% during the fourth quarter. New Century Financial Group LLC now owns 2,760 shares of the company's stock worth $381,000 after buying an additional 94 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.

Vistra Stock Up 3.4 %

NYSE:VST opened at $124.13 on Friday. The firm has a market cap of $42.22 billion, a P/E ratio of 23.16, a P/E/G ratio of 1.12 and a beta of 1.21. 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 $66.50 and a fifty-two week high of $199.84. The firm has a 50-day simple moving average of $123.72 and a two-hundred day simple moving average of $140.64.

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. The ex-dividend date was Thursday, March 20th. This is an increase from Vistra's previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a yield of 0.72%. Vistra's payout ratio is 12.62%.

Insiders Place Their Bets

In other news, Director John William Pitesa purchased 1,500 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The shares were bought at an average cost of $126.75 per share, for a total transaction of $190,125.00. Following 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 Securities & Exchange Commission, which is available at this link. Also, Director Paul M. Barbas sold 24,136 shares of Vistra stock in a transaction dated 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 sale, the director now 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 owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Daiwa America raised Vistra to a "hold" rating in a research note on Wednesday, March 5th. The Goldman Sachs Group started coverage on 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 began coverage on Vistra in a research report on Tuesday, January 21st. They issued an "outperform" rating and a $202.00 target price on the stock. Daiwa Capital Markets initiated coverage on Vistra in a research note on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 price target for the company. Finally, Bank of America upgraded Vistra from a "neutral" rating to a "buy" rating and cut their target price for the stock from $164.00 to $152.00 in a research note on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $166.17.

About Vistra

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.