Sovereign Investment Advisors LLC Invests $325,000 in Vistra Corp. (NYSE:VST)

Sovereign Investment Advisors LLC bought a new position in Vistra Corp. (NYSE:VST) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 2,359 shares of the company’s stock, valued at approximately $325,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pathway Financial Advisers LLC lifted its position in shares of 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 purchasing an additional 154 shares during the period. Avior Wealth Management LLC lifted its position in shares of 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 purchasing an additional 65 shares during the period. Founders Capital Management purchased a new stake in shares of Vistra in the 4th quarter worth about $28,000. West Branch Capital LLC purchased a new stake in shares of Vistra in the 4th quarter worth about $28,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new stake in shares of Vistra in the 4th quarter worth about $28,000. 90.88% of the stock is owned by hedge funds and other institutional investors.

Vistra Stock Up 5.4 %

NYSE:VST opened at $124.42 on Friday. The firm has a market cap of $42.32 billion, a P/E ratio of 23.21, a P/E/G ratio of 1.12 and a beta of 1.21. 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 fifty-two week low of $60.86 and a fifty-two week high of $199.84. The firm has a 50-day simple moving average of $155.20 and a two-hundred day simple moving average of $137.04.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 20th will be paid a $0.2235 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This is a positive change 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 payout ratio is currently 12.62%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on VST shares. UBS Group lifted their price target on shares of Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. BMO Capital Markets lifted their price target on shares of Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Morgan Stanley lifted their price target 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. Daiwa America raised shares of Vistra to a “hold” rating in a research report on Wednesday, March 5th. Finally, Daiwa Capital Markets started coverage on shares of Vistra in a research report on Wednesday, March 5th. They set a “neutral” rating and a $120.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Vistra has an average rating of “Moderate Buy” and a consensus target price of $162.83.

Insider Transactions at Vistra

In related news, Director John William Pitesa purchased 1,500 shares of Vistra stock in a transaction dated Wednesday, March 12th. The stock was purchased at an average cost of $126.75 per share, for a total transaction of $190,125.00. Following the completion of the purchase, the director now directly owns 3,467 shares of the company’s stock, valued at $439,442.25. The trade was a 76.26 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Paul M. Barbas sold 24,136 shares of Vistra stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $124.19, for a total transaction 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 $6,341,513.97. This represents a 32.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.42% of the company’s stock.

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.