Raymond James Financial Services Advisors Inc. decreased its position in shares of Vistra Corp. (NYSE:VST – Get Rating) by 7.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 133,968 shares of the company’s stock after selling 10,067 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Vistra were worth $3,108,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in the company. Trexquant Investment LP purchased a new position in shares of Vistra in the 3rd quarter valued at approximately $1,609,000. Connectus Wealth LLC grew its stake in shares of Vistra by 123.1% in the 4th quarter. Connectus Wealth LLC now owns 94,606 shares of the company’s stock valued at $2,197,000 after purchasing an additional 52,201 shares during the last quarter. Pallas Capital Advisors LLC purchased a new position in shares of Vistra in the 4th quarter valued at approximately $1,155,000. IMS Capital Management grew its stake in shares of Vistra by 0.7% in the 3rd quarter. IMS Capital Management now owns 85,931 shares of the company’s stock valued at $1,805,000 after purchasing an additional 566 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Vistra by 14.8% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 503,151 shares of the company’s stock valued at $10,566,000 after buying an additional 64,897 shares in the last quarter. Institutional investors and hedge funds own 92.47% of the company’s stock.
Vistra Stock Up 0.3 %
Vistra stock opened at $24.51 on Monday. The stock has a fifty day moving average price of $24.08 and a 200 day moving average price of $23.54. Vistra Corp. has a 52 week low of $20.76 and a 52 week high of $27.39. The company has a current ratio of 1.17, a quick ratio of 1.09 and a debt-to-equity ratio of 3.71.
Vistra Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Wednesday, June 21st will be given a $0.204 dividend. This is an increase from Vistra’s previous quarterly dividend of $0.20. The ex-dividend date is Tuesday, June 20th. This represents a $0.82 annualized dividend and a dividend yield of 3.33%. Vistra’s dividend payout ratio is presently -101.28%.
In related news, CEO James A. Burke bought 5,000 shares of the stock in a transaction dated Thursday, March 23rd. The stock was acquired at an average price of $24.05 per share, for a total transaction of $120,250.00. Following the completion of the purchase, the chief executive officer now owns 463,899 shares in the company, valued at $11,156,770.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Vistra news, Director Scott B. Helm acquired 10,000 shares of the stock in a transaction on Thursday, March 9th. The stock was purchased at an average price of $26.28 per share, for a total transaction of $262,800.00. Following the purchase, the director now directly owns 343,201 shares in the company, valued at $9,019,322.28. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO James A. Burke acquired 5,000 shares of the stock in a transaction on Thursday, March 23rd. The shares were acquired at an average price of $24.05 per share, with a total value of $120,250.00. Following the purchase, the chief executive officer now owns 463,899 shares in the company, valued at $11,156,770.95. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 34,000 shares of company stock worth $852,970. 1.36% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
VST has been the topic of a number of analyst reports. Morgan Stanley lifted their price target on Vistra from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Tuesday, March 21st. TheStreet downgraded Vistra from a “b-” rating to a “c” rating in a research note on Wednesday, March 1st. Finally, BMO Capital Markets lifted their price target on Vistra from $32.00 to $35.00 and gave the company an “outperform” rating in a research note on Tuesday, March 7th.
Vistra Corp. is a holding company, which engages in the provision of electricity and power generation. It operates through the following segments: Retail, Texas, East, West, Sunset, and Asset Closure. The Retail segment sells electricity and natural gas to residential, commercial, and industrial customers.
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