Recurrent Investment Advisors LLC Makes New Investment in Vistra Corp. (NYSE:VST)

Recurrent Investment Advisors LLC purchased a new position in shares of Vistra Corp. (NYSE:VST) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,510 shares of the company’s stock, valued at approximately $484,000.

Several other hedge funds also recently modified their holdings of the business. Lionsbridge Wealth Management LLC bought a new stake in Vistra in the 4th quarter valued at $277,000. Dakota Wealth Management bought a new stake in shares of Vistra in the fourth quarter valued at about $231,000. Legal Advantage Investments Inc. bought a new stake in shares of Vistra in the fourth quarter valued at about $565,000. Viking Fund Management LLC grew its position in Vistra by 90.0% during the fourth quarter. Viking Fund Management LLC now owns 19,000 shares of the company’s stock worth $2,620,000 after buying an additional 9,000 shares in the last quarter. Finally, Perigon Wealth Management LLC increased its stake in Vistra by 201.1% during the fourth quarter. Perigon Wealth Management LLC now owns 5,513 shares of the company’s stock valued at $760,000 after acquiring an additional 3,682 shares during the period. 90.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on VST. Evercore ISI started coverage on Vistra in a research report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price objective for the company. Daiwa America raised Vistra to a “hold” rating in a research report on Wednesday, March 5th. Bank of America raised shares of Vistra from a “neutral” rating to a “buy” rating and lowered their price target for the company from $164.00 to $152.00 in a report on Tuesday, March 4th. UBS Group raised their price objective on shares of Vistra from $154.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Vistra from $203.00 to $186.00 and set an “overweight” rating on the stock in a research report on Friday, March 28th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $166.67.

Insider Activity at Vistra

In other news, Director Paul M. Barbas sold 24,136 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $124.19, for a total value of $2,997,449.84. Following the completion of the sale, the director now directly owns 51,063 shares of the company’s stock, valued at $6,341,513.97. This represents a 32.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John William Pitesa acquired 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The shares were purchased at an average price 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. This trade represents a 76.26% increase in their position. The disclosure for this purchase can be found here. 1.42% of the stock is currently owned by company insiders.

Vistra Stock Down 0.1%

NYSE VST opened at $154.88 on Thursday. The stock’s 50 day simple moving average is $123.70 and its 200 day simple moving average is $141.75. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. Vistra Corp. has a one year low of $66.50 and a one year high of $199.84. The firm has a market cap of $52.68 billion, a PE ratio of 28.90, a price-to-earnings-growth ratio of 1.12 and a beta of 1.16.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th will be paid a $0.225 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.58%. Vistra’s dividend payout ratio (DPR) is 14.15%.

About Vistra

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.