EverSource Wealth Advisors LLC Acquires 266 Shares of Vistra Corp. (NYSE:VST)

EverSource Wealth Advisors LLC raised its holdings in shares of Vistra Corp. (NYSE:VST) by 8.9% in the 4th quarter, Holdings Channel reports. The firm owned 3,242 shares of the company’s stock after purchasing an additional 266 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Vistra were worth $447,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Avior Wealth Management LLC increased its stake in Vistra by 56.5% in the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock worth $25,000 after buying an additional 65 shares during the period. Pathway Financial Advisers LLC grew its stake in Vistra by 616.0% in the 4th quarter. Pathway Financial Advisers LLC now owns 179 shares of the company’s stock worth $25,000 after acquiring an additional 154 shares in the last quarter. Founders Capital Management purchased a new position in shares of Vistra during the fourth quarter worth approximately $28,000. West Branch Capital LLC bought a new stake in shares of Vistra during the fourth quarter valued at approximately $28,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new stake in shares of Vistra in the fourth quarter valued at approximately $28,000. 90.88% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Vistra news, Director Paul M. Barbas sold 24,136 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $124.19, for a total transaction of $2,997,449.84. Following the transaction, the director now owns 51,063 shares in the company, valued at approximately $6,341,513.97. This represents a 32.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John William Pitesa purchased 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 owns 3,467 shares of the company’s stock, valued at approximately $439,442.25. The trade was a 76.26 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.42% of the company’s stock.

Vistra Stock Up 5.4 %

Shares of Vistra stock opened at $124.42 on Friday. Vistra Corp. has a 52-week low of $60.73 and a 52-week high of $199.84. The firm’s 50 day moving average price is $155.96 and its 200-day moving average price is $136.40. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. The company has a market cap of $42.32 billion, a P/E ratio of 23.21, a PEG ratio of 1.12 and a beta of 1.21.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 20th will be given a dividend of $0.2235 per share. The ex-dividend date of this dividend is Thursday, March 20th. This is an increase from Vistra’s previous quarterly dividend of $0.22. This represents a $0.89 dividend on an annualized basis and a dividend yield of 0.72%. Vistra’s dividend payout ratio is presently 12.62%.

Wall Street Analysts Forecast Growth

VST has been the topic of several research reports. Bank of America upgraded Vistra from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $164.00 to $152.00 in a report on Tuesday, March 4th. Daiwa America upgraded Vistra to a “hold” rating in a research note on Wednesday, March 5th. UBS Group upped their price objective on shares of Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Morgan Stanley raised their target price on shares of Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Finally, Daiwa Capital Markets initiated coverage on shares of Vistra in a research report on Wednesday, March 5th. They issued a “neutral” rating and a $120.00 price target for the company. Two investment 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, Vistra has a consensus rating of “Moderate Buy” and a consensus target price 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.