Raymond James Financial Services Advisors Inc. Purchases 1,480 Shares of Vistra Corp. (NYSE:VST)

Raymond James Financial Services Advisors Inc. lifted its position in shares of Vistra Corp. (NYSE:VST) by 5.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,726 shares of the company’s stock after purchasing an additional 1,480 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Vistra were worth $1,145,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Raymond James & Associates boosted its position in shares of Vistra by 4.3% during the fourth quarter. Raymond James & Associates now owns 2,145,891 shares of the company’s stock worth $82,660,000 after purchasing an additional 87,494 shares in the last quarter. Burns Matteson Capital Management LLC bought a new position in shares of Vistra during the fourth quarter worth $831,000. IFM Investors Pty Ltd lifted its position in Vistra by 15.3% in the 4th quarter. IFM Investors Pty Ltd now owns 102,237 shares of the company’s stock valued at $3,938,000 after acquiring an additional 13,551 shares in the last quarter. Rise Advisors LLC acquired a new position in Vistra in the 4th quarter worth $35,000. Finally, Strategic Investment Advisors MI acquired a new position in Vistra in the 4th quarter worth $815,000. 90.88% of the stock is owned by institutional investors.

Vistra Trading Down 3.1 %

Shares of NYSE:VST opened at $69.74 on Friday. The company’s 50-day moving average price is $58.67 and its two-hundred day moving average price is $44.01. The company has a debt-to-equity ratio of 4.26, a current ratio of 1.18 and a quick ratio of 1.11. Vistra Corp. has a one year low of $22.67 and a one year high of $75.89. The stock has a market capitalization of $24.26 billion, a PE ratio of 19.48 and a beta of 1.05.

Vistra (NYSE:VST) last issued its quarterly earnings results on Wednesday, February 28th. The company reported ($0.48) EPS for the quarter, missing the consensus estimate of $0.54 by ($1.02). Vistra had a return on equity of 20.05% and a net margin of 10.10%. The business had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $5.48 billion. On average, equities analysts forecast that Vistra Corp. will post 4.28 EPS for the current fiscal year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Wednesday, March 20th were given a dividend of $0.215 per share. The ex-dividend date of this dividend was Tuesday, March 19th. This is a boost from Vistra’s previous quarterly dividend of $0.21. This represents a $0.86 annualized dividend and a yield of 1.23%. Vistra’s payout ratio is 24.02%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Evercore ISI upped their target price on shares of Vistra from $72.00 to $79.00 and gave the stock an “outperform” rating in a research note on Thursday, April 4th. BMO Capital Markets upped their target price on shares of Vistra from $52.00 to $60.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $78.00 target price on shares of Vistra in a research note on Monday, March 25th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $63.50.

Insiders Place Their Bets

In other Vistra news, EVP Carrie Lee Kirby sold 72,748 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $62.63, for a total transaction of $4,556,207.24. Following the sale, the executive vice president now directly owns 184,201 shares of the company’s stock, valued at approximately $11,536,508.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Carrie Lee Kirby sold 72,748 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $62.63, for a total value of $4,556,207.24. Following the sale, the executive vice president now directly owns 184,201 shares of the company’s stock, valued at approximately $11,536,508.63. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Stephanie Zapata Moore sold 98,020 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $58.50, for a total transaction of $5,734,170.00. Following the completion of the sale, the executive vice president now directly owns 161,888 shares in the company, valued at $9,470,448. The disclosure for this sale can be found here. Insiders have sold 257,285 shares of company stock valued at $15,404,397 in the last three months. 1.36% of the stock is currently owned by corporate insiders.

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.