Okabena Investment Services Inc. Has $619,000 Stake in Vistra Corp. (NYSE:VST)

Okabena Investment Services Inc. cut its stake in Vistra Corp. (NYSE:VST) by 15.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,487 shares of the company’s stock after selling 816 shares during the quarter. Okabena Investment Services Inc.’s holdings in Vistra were worth $619,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of VST. Avior Wealth Management LLC lifted its stake in Vistra by 56.5% during the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock valued at $25,000 after acquiring an additional 65 shares in the last quarter. Pathway Financial Advisers LLC grew its position 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 purchasing an additional 154 shares in the last quarter. Founders Capital Management purchased a new stake in Vistra in the 4th quarter valued at about $28,000. West Branch Capital LLC purchased a new position in shares of Vistra in the 4th quarter worth approximately $28,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new stake in shares of Vistra during the fourth quarter valued at approximately $28,000. Institutional investors own 90.88% of the company’s stock.

Vistra Stock Down 0.2 %

Shares of NYSE VST opened at $119.05 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. The business has a 50-day moving average of $147.39 and a 200-day moving average of $139.96. The firm has a market capitalization of $40.49 billion, a price-to-earnings ratio of 22.21, a PEG ratio of 1.12 and a beta of 1.21. Vistra Corp. has a 12 month low of $64.26 and a 12 month high of $199.84.

Vistra Increases Dividend

The firm also recently disclosed 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. This is a boost from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date is Thursday, March 20th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 0.75%. Vistra’s dividend payout ratio is 12.62%.

Insider Activity at Vistra

In related news, Director John William Pitesa acquired 1,500 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average price of $126.75 per share, for a total transaction of $190,125.00. Following the completion of the acquisition, the director now owns 3,467 shares in the company, valued at approximately $439,442.25. This represents a 76.26 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Paul M. Barbas sold 24,136 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $124.19, for a total value of $2,997,449.84. Following 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. 1.42% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on VST. UBS Group raised their target price on Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Evercore ISI began coverage on shares of Vistra in a research report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price objective on the stock. BMO Capital Markets boosted their target price on shares of Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Daiwa Capital Markets initiated coverage on shares of Vistra in a report on Wednesday, March 5th. They issued a “neutral” rating and a $120.00 price target on the stock. Finally, Daiwa America upgraded Vistra to a “hold” rating in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $163.50.

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.