Vistra Corp. (NYSE:VST) Position Lifted by Stifel Financial Corp

Stifel Financial Corp raised its stake in Vistra Corp. (NYSE:VST - Free Report) by 13.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 78,390 shares of the company's stock after purchasing an additional 9,337 shares during the period. Stifel Financial Corp's holdings in Vistra were worth $10,809,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of VST. Lionsbridge Wealth Management LLC acquired a new stake in Vistra during the fourth quarter valued at approximately $277,000. Dakota Wealth Management acquired a new stake in shares of Vistra during the 4th quarter valued at approximately $231,000. Retirement Systems of Alabama lifted its stake in Vistra by 9.6% during the third quarter. Retirement Systems of Alabama now owns 78,965 shares of the company's stock worth $9,361,000 after purchasing an additional 6,920 shares during the last quarter. Legal Advantage Investments Inc. acquired a new position in Vistra in the fourth quarter worth $565,000. Finally, Viking Fund Management LLC increased its stake in Vistra by 90.0% during the fourth 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 last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on VST shares. JPMorgan Chase & Co. reduced their price target on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. Daiwa America raised shares of Vistra to a "hold" rating in a report on Wednesday, March 5th. Daiwa Capital Markets initiated coverage on Vistra in a report on Wednesday, March 5th. They set a "neutral" rating and a $120.00 target price for the company. The Goldman Sachs Group began coverage on Vistra in a report on Friday, April 4th. They issued a "neutral" rating and a $134.00 price target on the stock. Finally, Bank of America upgraded Vistra from a "neutral" rating to a "buy" rating and lowered their price objective for the stock from $164.00 to $152.00 in a research note on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $166.17.

Insider Activity at Vistra

In other 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, with a total value of $190,125.00. Following the purchase, the director now owns 3,467 shares in the company, valued at $439,442.25. This trade represents a 76.26 % increase in their position. 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 business's stock in a transaction on Monday, March 3rd. The stock was 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 directly owns 51,063 shares in the company, valued at $6,341,513.97. This represents a 32.10 % decrease in their position. The disclosure for this sale can be found here. 1.42% of the stock is currently owned by insiders.

Vistra Stock Up 2.0 %

Shares of Vistra stock opened at $126.70 on Friday. Vistra Corp. has a 1-year low of $66.50 and a 1-year high of $199.84. The company has a market capitalization of $43.10 billion, a P/E ratio of 23.64, a PEG ratio of 1.12 and a beta of 1.21. The business's fifty day moving average price is $122.87 and its two-hundred day moving average price is $140.74. 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 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 issued a $0.2235 dividend. The ex-dividend date was Thursday, March 20th. This represents a $0.89 annualized dividend and a yield of 0.71%. This is an increase from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio is presently 12.62%.

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.

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