Simplicity Wealth LLC Takes $2.34 Million Position in Vistra Corp. $VST

Simplicity Wealth LLC purchased a new stake in Vistra Corp. (NYSE:VSTFree Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,746 shares of the company’s stock, valued at approximately $2,339,000.

Several other hedge funds and other institutional investors also recently modified their holdings of VST. Norges Bank acquired a new position in shares of Vistra in the 4th quarter worth approximately $746,729,000. Fifth Third Bancorp lifted its stake in Vistra by 95.1% during the first quarter. Fifth Third Bancorp now owns 177,199 shares of the company’s stock worth $26,638,000 after purchasing an additional 86,393 shares during the last quarter. Payden & Rygel lifted its stake in Vistra by 3,118.2% during the fourth quarter. Payden & Rygel now owns 35,400 shares of the company’s stock worth $5,711,000 after purchasing an additional 34,300 shares during the last quarter. Signature Estate & Investment Advisors LLC acquired a new position in Vistra in the fourth quarter worth $29,875,000. Finally, Wealth High Governance Capital Ltda bought a new stake in Vistra during the first quarter valued at $10,543,000. Institutional investors own 90.88% of the company’s stock.

Insider Activity

In related news, Director John R. Sult sold 6,500 shares of the stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $170.00, for a total value of $1,105,000.00. Following the completion of the transaction, the director directly owned 70,714 shares of the company’s stock, valued at $12,021,380. This represents a 8.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paul M. Barbas sold 244 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $153.00, for a total value of $37,332.00. Following the completion of the sale, the director owned 53,006 shares in the company, valued at approximately $8,109,918. This represents a 0.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 41,588 shares of company stock worth $6,739,227 over the last ninety days. 0.92% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on VST shares. JPMorgan Chase & Co. reduced their price target on shares of Vistra from $240.00 to $231.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Scotiabank increased their price objective on shares of Vistra from $293.00 to $298.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 15th. Weiss Ratings cut shares of Vistra from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday. Morgan Stanley lifted their target price on Vistra from $208.00 to $212.00 and gave the company an “overweight” rating in a research note on Tuesday, July 28th. Finally, Zacks Research raised Vistra from a “hold” rating to a “strong-buy” rating in a report on Monday, July 20th. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $228.56.

Read Our Latest Analysis on VST

Vistra Stock Up 0.1%

VST stock opened at $148.33 on Monday. The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 5.87. Vistra Corp. has a fifty-two week low of $132.66 and a fifty-two week high of $219.82. The firm’s 50-day simple moving average is $154.14 and its 200 day simple moving average is $156.55. The stock has a market cap of $49.79 billion, a PE ratio of 25.06 and a beta of 1.41.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be given a $0.23 dividend. This is a positive change from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, September 21st. This represents a $0.92 annualized dividend and a yield of 0.6%. Vistra’s payout ratio is currently 15.54%.

Vistra Company Profile

(Free Report)

Vistra (NYSE: VST) is an integrated power company that develops, owns and operates electricity generation and retail businesses in the United States. The company’s operations span wholesale power production—through a diversified fleet of thermal and lower‑carbon generation assets—and retail electricity supply to residential, commercial and industrial customers. Vistra serves organized wholesale markets and competitive retail markets, with a notable presence in Texas and other regional U.S. power markets.

Vistra’s core activities include the ownership and operation of generation facilities, the commercial dispatch and optimization of those assets into wholesale markets, and the sale of electricity and related services to end-use customers through its retail brands.

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Institutional Ownership by Quarter for Vistra (NYSE:VST)

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