Nemes Rush Group LLC Takes $830,000 Position in Vistra Corp. (NYSE:VST)

Nemes Rush Group LLC acquired a new stake in Vistra Corp. (NYSE:VST - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,019 shares of the company's stock, valued at approximately $830,000.

A number of other hedge funds also recently modified their holdings of VST. HighPoint Advisor Group LLC raised its holdings in Vistra by 16.2% in the 4th quarter. HighPoint Advisor Group LLC now owns 3,692 shares of the company's stock valued at $509,000 after acquiring an additional 516 shares during the period. Colrain Capital LLC bought a new position in shares of Vistra during the fourth quarter worth approximately $14,014,000. Meeder Asset Management Inc. lifted its holdings in Vistra by 186.6% during the 4th quarter. Meeder Asset Management Inc. now owns 44,487 shares of the company's stock worth $6,133,000 after purchasing an additional 28,967 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in Vistra by 13.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 17,278 shares of the company's stock valued at $2,382,000 after purchasing an additional 2,098 shares during the period. Finally, Prevail Innovative Wealth Advisors LLC acquired a new position in Vistra in the 4th quarter valued at $3,287,000. Institutional investors and hedge funds own 90.88% of the company's stock.

Insider Activity at Vistra

In other Vistra news, Director John William Pitesa purchased 1,500 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was purchased 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 in the company, valued at approximately $439,442.25. The trade was a 76.26 % increase in their position. The acquisition 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 business's stock in a transaction dated 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 completion of the transaction, the director now directly owns 51,063 shares in the company, valued at $6,341,513.97. This represents a 32.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.42% of the stock is currently owned by company insiders.

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Wall Street Analyst Weigh In

A number of research firms have recently weighed in on VST. Bank of America raised Vistra from a "neutral" rating to a "buy" rating and dropped their target price for the stock from $164.00 to $152.00 in a report on Tuesday, March 4th. Evercore ISI assumed coverage on shares of Vistra in a research note on Tuesday, January 21st. They set an "outperform" rating and a $202.00 price objective on the stock. The Goldman Sachs Group began coverage on shares of Vistra in a research report on Friday. They issued a "neutral" rating and a $134.00 target price for the company. JPMorgan Chase & Co. reduced their target price on Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. Finally, Daiwa America upgraded shares of Vistra to a "hold" rating in a research note on Wednesday, March 5th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $161.23.

Vistra Trading Down 9.7 %

NYSE VST traded down $10.45 on Friday, reaching $97.76. The company had a trading volume of 17,680,870 shares, compared to its average volume of 7,806,573. The firm has a market cap of $33.25 billion, a price-to-earnings ratio of 18.24, 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 current ratio of 1.11 and a quick ratio of 0.99. Vistra Corp. has a fifty-two week low of $64.26 and a fifty-two week high of $199.84. The business has a 50 day moving average of $140.32 and a two-hundred day moving average of $141.08.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 20th were paid a $0.2235 dividend. This is a positive change from Vistra's previous quarterly dividend of $0.22. This represents a $0.89 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend was Thursday, March 20th. Vistra's payout ratio is currently 12.62%.

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.