NBC Securities Inc. Buys New Stake in Vistra Corp. (NYSE:VST)

NBC Securities Inc. bought a new stake in shares of Vistra Corp. (NYSE:VST) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,060 shares of the company’s stock, valued at approximately $124,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC raised its position in shares of Vistra by 616.0% in the fourth quarter. Pathway Financial Advisers LLC now owns 179 shares of the company’s stock worth $25,000 after acquiring an additional 154 shares during the period. Comprehensive Financial Planning Inc. PA acquired a new position in shares of Vistra in the fourth quarter worth about $28,000. Tucker Asset Management LLC purchased a new stake in shares of Vistra during the fourth quarter worth about $28,000. Cherry Tree Wealth Management LLC raised its position in shares of Vistra by 2,030.0% during the 4th quarter. Cherry Tree Wealth Management LLC now owns 213 shares of the company’s stock worth $29,000 after purchasing an additional 203 shares during the last quarter. Finally, Ameriflex Group Inc. acquired a new position in shares of Vistra during the 4th quarter worth about $32,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director John William Pitesa purchased 1,500 shares of the 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 completion of the transaction, the director now directly owns 3,467 shares in the company, valued at approximately $439,442.25. This represents a 76.26% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Stephanie Zapata Moore sold 35,000 shares of the firm’s stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $161.44, for a total value of $5,650,400.00. Following the transaction, the executive vice president now owns 88,073 shares of the company’s stock, valued at approximately $14,218,505.12. This represents a 28.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 269,000 shares of company stock valued at $43,169,740 in the last 90 days. Company insiders own 1.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. UBS Group upped their price target on shares of Vistra from $154.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Evercore ISI set a $192.00 price target on shares of Vistra and gave the stock an “outperform” rating in a research report on Thursday, May 15th. Bank of America upgraded shares of Vistra from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $164.00 to $152.00 in a research report on Tuesday, March 4th. JPMorgan Chase & Co. reduced their price target on shares of Vistra from $203.00 to $186.00 and set an “overweight” rating for the company in a research report on Friday, March 28th. Finally, Daiwa Capital Markets assumed coverage on shares of Vistra in a research report on Wednesday, March 5th. They set a “neutral” rating and a $120.00 price target for the company. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Vistra currently has an average rating of “Moderate Buy” and a consensus target price of $169.08.

Vistra Stock Down 2.3%

VST stock opened at $169.57 on Tuesday. The company has a market cap of $57.54 billion, a price-to-earnings ratio of 31.64, a PEG ratio of 1.12 and a beta of 1.22. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. Vistra Corp. has a 12 month low of $66.50 and a 12 month high of $199.84. The firm has a 50-day moving average of $137.64 and a two-hundred day moving average of $144.88.

Vistra Increases Dividend

The company also recently declared 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. This is a boost from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.90 annualized dividend and a dividend yield of 0.53%. Vistra’s dividend payout ratio 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.