Stamos Capital Partners L.P. Sells 7,420 Shares of Vistra Corp. (NYSE:VST)

Stamos Capital Partners L.P. lowered its stake in Vistra Corp. (NYSE:VST - Free Report) by 31.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,450 shares of the company's stock after selling 7,420 shares during the period. Stamos Capital Partners L.P.'s holdings in Vistra were worth $2,268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Avior Wealth Management LLC grew its holdings in Vistra by 56.5% during the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company's stock worth $25,000 after acquiring an additional 65 shares in the last quarter. Pathway Financial Advisers LLC grew its stake in shares of 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 purchasing an additional 154 shares in the last quarter. Founders Capital Management purchased a new position in Vistra in the fourth quarter valued at $28,000. West Branch Capital LLC purchased a new position in Vistra in the fourth quarter valued at $28,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new stake in Vistra during the 4th quarter worth about $28,000. Hedge funds and other institutional investors own 90.88% of the company's stock.

Insider Buying and Selling

In other news, Director John William Pitesa purchased 1,500 shares of the stock in a transaction dated 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 transaction, the director now owns 3,467 shares in the company, valued at $439,442.25. This trade represents a 76.26 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Paul M. Barbas sold 24,136 shares of the company's stock in a transaction 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 completion of the sale, the director now owns 51,063 shares of the company's stock, valued at approximately $6,341,513.97. This trade represents 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.

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Vistra Stock Performance

Shares of Vistra stock traded up $3.26 during trading hours on Tuesday, reaching $115.95. The company's stock had a trading volume of 419,224 shares, compared to its average volume of 7,864,991. 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 one year low of $64.26 and a one year high of $199.84. The company's 50 day simple moving average is $132.00 and its 200 day simple moving average is $141.50. The stock has a market cap of $39.44 billion, a P/E ratio of 21.56, 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 was paid on Monday, March 31st. Stockholders of record on Thursday, March 20th were given a dividend of $0.2235 per share. This represents a $0.89 dividend on an annualized basis and a dividend yield of 0.77%. This is a boost from Vistra's previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Thursday, March 20th. Vistra's dividend payout ratio is presently 12.62%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. BMO Capital Markets upped their price target on Vistra from $151.00 to $191.00 and gave the company an "outperform" rating in a report on Wednesday, January 22nd. Daiwa America upgraded shares of Vistra to a "hold" rating in a report on Wednesday, March 5th. Evercore ISI started coverage on shares of Vistra in a research report on Tuesday, January 21st. They issued an "outperform" rating and a $202.00 target price on the stock. JPMorgan Chase & Co. reduced their price target 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. Finally, Bank of America raised Vistra from a "neutral" rating to a "buy" rating and dropped their price objective for the stock from $164.00 to $152.00 in a report on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, Vistra currently has a consensus rating of "Moderate Buy" and an average target price of $159.69.

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.