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

EverSource Wealth Advisors LLC boosted its stake in shares of Vistra Corp. (NYSE:VST) by 8.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,242 shares of the company’s stock after purchasing an additional 266 shares during the period. EverSource Wealth Advisors LLC’s holdings in Vistra were worth $447,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of VST. Lionsbridge Wealth Management LLC purchased a new position in shares of Vistra during the 4th quarter valued at about $277,000. Dakota Wealth Management bought a new stake in Vistra during the 4th quarter worth approximately $231,000. Retirement Systems of Alabama lifted its holdings in Vistra by 9.6% during the third quarter. Retirement Systems of Alabama now owns 78,965 shares of the company’s stock valued at $9,361,000 after purchasing an additional 6,920 shares in the last quarter. First Sabrepoint Capital Management LP bought a new position in shares of Vistra in the third quarter worth approximately $17,781,000. Finally, Legal Advantage Investments Inc. purchased a new stake in shares of Vistra in the fourth quarter worth $565,000. Institutional investors own 90.88% of the company’s stock.

Vistra Trading Up 5.4 %

Shares of VST opened at $124.42 on Friday. The stock has a market capitalization of $42.32 billion, a PE ratio of 23.21, a P/E/G ratio of 1.12 and a beta of 1.21. The company’s fifty day moving average is $155.96 and its 200 day moving average is $136.40. 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 $60.73 and a fifty-two week high of $199.84.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 20th will be issued a $0.2235 dividend. 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 payout ratio is 12.62%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on VST shares. Daiwa Capital Markets assumed coverage on shares of Vistra in a research note on Wednesday, March 5th. They set a “neutral” rating and a $120.00 target price on the stock. Bank of America upgraded Vistra from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $164.00 to $152.00 in a research report on Tuesday, March 4th. BMO Capital Markets increased their target price on Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. UBS Group boosted their price target on Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Finally, Evercore ISI assumed coverage on shares of Vistra in a report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price objective for the company. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $162.83.

Insider Activity

In other Vistra news, Director Paul M. Barbas sold 24,136 shares of the business’s 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 sale, the director now directly owns 51,063 shares of the company’s stock, valued at $6,341,513.97. The trade was a 32.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John William Pitesa acquired 1,500 shares of the stock in a transaction dated 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 completion of the purchase, the director now directly owns 3,467 shares in the company, valued at approximately $439,442.25. The trade was a 76.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate 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.