TD Private Client Wealth LLC Increases Position in Vistra Corp. (NYSE:VST)

TD Private Client Wealth LLC grew its holdings in Vistra Corp. (NYSE:VST) by 474.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 8,823 shares of the company’s stock after buying an additional 7,288 shares during the period. TD Private Client Wealth LLC’s holdings in Vistra were worth $1,216,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Avior Wealth Management LLC increased its stake in shares of Vistra by 56.5% during the fourth quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock worth $25,000 after acquiring an additional 65 shares during the period. Pathway Financial Advisers LLC grew its position in Vistra by 616.0% during the fourth quarter. Pathway Financial Advisers LLC now owns 179 shares of the company’s stock worth $25,000 after buying an additional 154 shares during the period. Founders Capital Management acquired a new position in Vistra during the fourth quarter worth about $28,000. West Branch Capital LLC acquired a new stake in shares of Vistra in the fourth quarter valued at approximately $28,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new stake in shares of Vistra in the fourth quarter valued at approximately $28,000. 90.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on VST. Daiwa America upgraded shares of Vistra to a “hold” rating in a research report on Wednesday, March 5th. BMO Capital Markets increased 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. 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 target on the stock. Bank of America upgraded 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 research report on Tuesday, March 4th. Finally, UBS Group upped their price objective on shares of Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, Vistra has a consensus rating of “Moderate Buy” and a consensus target price of $162.83.

Insiders Place Their Bets

In other news, Director Paul M. Barbas sold 24,136 shares of the firm’s stock in a transaction on 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 transaction, the director now owns 51,063 shares of the company’s stock, valued at approximately $6,341,513.97. This trade represents a 32.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John William Pitesa bought 1,500 shares of the business’s stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average cost of $126.75 per share, for a total transaction of $190,125.00. Following the purchase, the director now owns 3,467 shares in the company, 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 insiders.

Vistra Stock Performance

NYSE:VST opened at $130.75 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. The company has a market cap of $44.47 billion, a P/E ratio of 24.39, a P/E/G ratio of 1.12 and a beta of 1.21. Vistra Corp. has a fifty-two week low of $64.26 and a fifty-two week high of $199.84. The firm’s 50 day moving average is $151.74 and its two-hundred day moving average is $138.64.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 20th will be paid a dividend of $0.2235 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.89 dividend on an annualized basis and a yield of 0.68%. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is currently 12.62%.

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.