NewEdge Advisors LLC Grows Stock Holdings in Vistra Corp. (NYSE:VST)

NewEdge Advisors LLC lifted its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 26.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 113,477 shares of the company's stock after acquiring an additional 23,519 shares during the period. NewEdge Advisors LLC's holdings in Vistra were worth $15,645,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Lionsbridge Wealth Management LLC purchased a new position in shares of Vistra during the fourth quarter valued at approximately $277,000. Dakota Wealth Management bought a new stake in shares of Vistra in the fourth quarter worth $231,000. Retirement Systems of Alabama increased its position in Vistra by 9.6% during the third quarter. Retirement Systems of Alabama now owns 78,965 shares of the company's stock valued at $9,361,000 after acquiring an additional 6,920 shares during the last quarter. Legal Advantage Investments Inc. bought a new position in Vistra in the fourth quarter valued at about $565,000. Finally, Viking Fund Management LLC grew its stake in shares of Vistra by 90.0% during the 4th quarter. Viking Fund Management LLC now owns 19,000 shares of the company's stock valued at $2,620,000 after purchasing an additional 9,000 shares during the period. Institutional investors own 90.88% of the company's stock.

Insiders Place Their Bets

In related news, Director Paul M. Barbas sold 24,136 shares of the company's 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 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John William Pitesa acquired 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, with a total value of $190,125.00. Following the purchase, the director now owns 3,467 shares of the company's stock, valued at $439,442.25. The trade was a 76.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.42% of the company's stock.

Vistra Price Performance

Shares of Vistra stock traded down $0.61 during trading on Friday, reaching $115.26. 4,836,332 shares of the stock traded hands, compared to its average volume of 7,892,271. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. The company has a market capitalization of $39.21 billion, a price-to-earnings ratio of 21.50, a P/E/G ratio of 1.12 and a beta of 1.21. Vistra Corp. has a 52-week low of $64.26 and a 52-week high of $199.84. The business has a fifty day simple moving average of $127.80 and a two-hundred day simple moving average of $141.08.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 20th were paid a dividend of $0.2235 per share. This is an increase from Vistra's previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $0.89 dividend on an annualized basis and a yield of 0.78%. Vistra's dividend payout ratio is presently 12.62%.

Analysts Set New Price Targets

VST has been the topic of a number of research reports. The Goldman Sachs Group initiated coverage on shares of Vistra in a report on Friday, April 4th. They issued a "neutral" rating and a $134.00 price objective on the stock. JPMorgan Chase & Co. cut their price objective on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Daiwa Capital Markets assumed coverage on Vistra in a report on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 target price on the stock. UBS Group cut their price target on Vistra from $174.00 to $154.00 and set a "buy" rating for the company in a report on Friday, April 11th. Finally, Bank of America raised Vistra from a "neutral" rating to a "buy" rating and decreased their price objective 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 given a buy rating to the company. According to MarketBeat.com, Vistra presently has an average rating of "Moderate Buy" and a consensus price target of $166.17.

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.