Sovereign Investment Advisors LLC Makes New $325,000 Investment in Vistra Corp. (NYSE:VST)

Sovereign Investment Advisors LLC bought a new position in shares of Vistra Corp. (NYSE:VST - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,359 shares of the company's stock, valued at approximately $325,000.

A number of other hedge funds have also recently bought and sold shares of VST. Avior Wealth Management LLC boosted its position in Vistra by 56.5% during the fourth quarter. Avior Wealth Management LLC now owns 180 shares of the company's stock worth $25,000 after acquiring an additional 65 shares during the last quarter. Pathway Financial Advisers LLC boosted its position in Vistra by 616.0% during the fourth quarter. Pathway Financial Advisers LLC now owns 179 shares of the company's stock worth $25,000 after acquiring an additional 154 shares during the last quarter. Founders Capital Management purchased a new position in Vistra during the fourth quarter worth approximately $28,000. West Branch Capital LLC purchased a new position in Vistra during the fourth quarter worth approximately $28,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new position in Vistra during the fourth quarter worth approximately $28,000. Institutional investors and hedge funds own 90.88% of the company's stock.

Insiders Place Their Bets

In related news, Director John William Pitesa acquired 1,500 shares of the firm'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 acquisition, the director now directly owns 3,467 shares in the company, valued at approximately $439,442.25. The trade was a 76.26 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul M. Barbas sold 24,136 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was 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 of the company's stock, valued at approximately $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 owned by company insiders.

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Vistra Stock Up 4.4 %

Vistra stock traded up $5.42 during midday trading on Wednesday, hitting $129.88. 5,961,791 shares of the stock were exchanged, compared to its average volume of 7,497,376. Vistra Corp. has a 1 year low of $62.12 and a 1 year high of $199.84. The firm has a market cap of $44.18 billion, a P/E ratio of 24.23, 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. The company has a 50 day moving average price of $153.67 and a two-hundred day moving average price of $137.99.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 20th will be issued a dividend of $0.2235 per share. This is a positive change from Vistra's previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend is Thursday, March 20th. Vistra's dividend payout ratio (DPR) is currently 12.62%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Morgan Stanley increased their price target on shares of Vistra from $135.00 to $169.00 and gave the stock an "overweight" rating in a research note on Friday, November 22nd. Daiwa Capital Markets assumed coverage on shares of Vistra in a research note on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 target price on the stock. Bank of America raised shares of Vistra from a "neutral" rating to a "buy" rating and cut their target price for the company from $164.00 to $152.00 in a research note on Tuesday, March 4th. BMO Capital Markets raised their target price on shares of Vistra from $151.00 to $191.00 and gave the company an "outperform" rating in a research note on Wednesday, January 22nd. Finally, Daiwa America raised shares of Vistra to a "hold" rating in a research note on Wednesday, March 5th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $162.83.

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.