Steward Partners Investment Advisory LLC Increases Stake in Vistra Corp. (NYSE:VST)

Steward Partners Investment Advisory LLC increased its holdings in Vistra Corp. (NYSE:VST - Free Report) by 78.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,214 shares of the company's stock after acquiring an additional 15,516 shares during the quarter. Steward Partners Investment Advisory LLC's holdings in Vistra were worth $4,855,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in VST. Avior Wealth Management LLC raised its holdings in Vistra by 56.5% in the fourth quarter. Avior Wealth Management LLC now owns 180 shares of the company's stock worth $25,000 after purchasing an additional 65 shares in the last quarter. Pathway Financial Advisers LLC raised its holdings in Vistra by 616.0% in 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 bought a new position in Vistra in the fourth quarter worth about $28,000. West Branch Capital LLC bought a new position in Vistra in the fourth quarter worth about $28,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new position in shares of Vistra during the fourth quarter valued at about $28,000. 90.88% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Scott B. Helm sold 20,000 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $139.77, for a total transaction of $2,795,400.00. Following the transaction, the director now owns 343,350 shares in the company, valued at $47,990,029.50. This trade represents a 5.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.42% of the company's stock.

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Analyst Upgrades and Downgrades

VST has been the topic of several recent analyst reports. Daiwa Capital Markets initiated coverage on shares of Vistra in a report on Wednesday. They set a "neutral" rating and a $120.00 price objective on the stock. UBS Group upped their price objective on shares of Vistra from $161.00 to $174.00 and gave the company a "buy" rating in a report on Friday, January 3rd. 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 report on Friday, November 22nd. Evercore ISI started coverage on shares of Vistra in a report on Tuesday, January 21st. They issued an "outperform" rating and a $202.00 price target on the stock. Finally, Daiwa America upgraded shares of Vistra to a "hold" rating in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $162.83.

Vistra Stock Performance

Vistra stock traded down $0.45 during mid-day trading on Friday, hitting $113.96. The company had a trading volume of 9,790,691 shares, compared to its average volume of 9,662,566. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. Vistra Corp. has a 12-month low of $57.50 and a 12-month high of $199.84. The company's fifty day moving average is $158.02 and its 200-day moving average is $136.25. The company has a market capitalization of $38.63 billion, a price-to-earnings ratio of 21.26, a P/E/G ratio of 1.12 and a beta of 1.21.

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 given a $0.2235 dividend. This represents a $0.89 annualized dividend and a yield of 0.78%. The ex-dividend date is Thursday, March 20th. This is a positive change from Vistra's previous quarterly dividend of $0.22. Vistra's dividend 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.