GWN Securities Inc. Makes New $322,000 Investment in Vistra Corp. (NYSE:VST)

GWN Securities Inc. acquired a new stake in shares of Vistra Corp. (NYSE:VST - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 2,335 shares of the company's stock, valued at approximately $322,000.

Other large investors also recently modified their holdings of the company. Apollon Wealth Management LLC purchased a new position in Vistra in the 3rd quarter worth $231,000. Prime Capital Investment Advisors LLC purchased a new position in shares of Vistra in the third quarter worth about $247,000. OneDigital Investment Advisors LLC lifted its stake in shares of Vistra by 3.0% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,809 shares of the company's stock valued at $333,000 after acquiring an additional 81 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in Vistra by 12.4% during the 3rd quarter. CIBC Asset Management Inc now owns 50,380 shares of the company's stock valued at $5,972,000 after acquiring an additional 5,575 shares during the period. Finally, Kentucky Retirement Systems bought a new position in Vistra during the 3rd quarter worth approximately $2,837,000. 90.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on VST shares. Bank of America upgraded 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. Morgan Stanley upped their price target on shares of Vistra from $135.00 to $169.00 and gave the company an "overweight" rating in a report on Friday, November 22nd. Daiwa Capital Markets began coverage on shares of Vistra in a report on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 price target on the stock. Daiwa America raised shares of Vistra to a "hold" rating in a research note on Wednesday, March 5th. Finally, UBS Group raised their target price on Vistra from $161.00 to $174.00 and gave the stock a "buy" rating in a research note on Friday, January 3rd. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $162.83.

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Insider Buying and Selling at Vistra

In other news, Director John William Pitesa acquired 1,500 shares of the company's stock in a transaction on Wednesday, March 12th. The stock was bought at an average cost of $126.75 per share, with a total value of $190,125.00. Following the completion of the purchase, the director now directly owns 3,467 shares of the company's stock, valued at $439,442.25. This represents a 76.26 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul M. Barbas sold 24,136 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $124.19, for a total value 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. Insiders own 1.42% of the company's stock.

Vistra Price Performance

Shares of Vistra stock traded down $1.15 on Friday, hitting $130.75. 7,469,664 shares of the company traded hands, compared to its average volume of 7,494,065. 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 $152.47 and a 200 day simple moving average of $137.89. Vistra Corp. has a 52 week low of $64.26 and a 52 week high of $199.84. The stock has a market capitalization of $44.47 billion, a P/E ratio of 24.39, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 20th will be paid a $0.2235 dividend. The ex-dividend date is Thursday, March 20th. This represents a $0.89 annualized dividend and a yield of 0.68%. This is a boost from Vistra's previous quarterly dividend of $0.22. Vistra's payout ratio is presently 12.62%.

Vistra 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.