Sequoia Financial Advisors LLC Grows Stock Position in Vistra Corp. (NYSE:VST)

Sequoia Financial Advisors LLC grew its position in Vistra Corp. (NYSE:VST) by 263.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,752 shares of the company’s stock after acquiring an additional 10,694 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Vistra were worth $2,034,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Lionsbridge Wealth Management LLC purchased a new position in shares of Vistra in the fourth quarter valued at approximately $277,000. Dakota Wealth Management purchased a new position in Vistra during the fourth quarter worth approximately $231,000. Retirement Systems of Alabama boosted its stake in Vistra by 9.6% during the third quarter. Retirement Systems of Alabama now owns 78,965 shares of the company’s stock worth $9,361,000 after buying an additional 6,920 shares during the last quarter. First Sabrepoint Capital Management LP purchased a new stake in Vistra in the 3rd quarter valued at $17,781,000. Finally, Legal Advantage Investments Inc. acquired a new stake in shares of Vistra in the 4th quarter worth $565,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Vistra Trading Up 5.4 %

Shares of NYSE VST opened at $124.42 on Friday. The stock has a fifty day simple moving average of $155.96 and a 200-day simple moving average of $136.40. Vistra Corp. has a twelve month low of $60.73 and a twelve month high of $199.84. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. The stock has a market capitalization of $42.32 billion, a PE ratio of 23.21, a PEG ratio of 1.12 and a beta of 1.21.

Vistra Increases Dividend

The firm 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 is a positive change from Vistra’s previous quarterly dividend of $0.22. This represents a $0.89 dividend on an annualized basis and a yield of 0.72%. Vistra’s dividend payout ratio is 12.62%.

Insiders Place Their Bets

In other Vistra news, Director Paul M. Barbas sold 24,136 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $124.19, for a total transaction of $2,997,449.84. Following the sale, the director now directly owns 51,063 shares in the company, valued at $6,341,513.97. This represents a 32.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John William Pitesa purchased 1,500 shares of the business’s stock in a transaction on Wednesday, March 12th. The shares were acquired at an average price of $126.75 per share, for a total transaction of $190,125.00. Following the completion of the purchase, the director now directly owns 3,467 shares of the company’s stock, valued at approximately $439,442.25. This trade represents a 76.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.42% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on VST. Evercore ISI started coverage on shares of Vistra in a research report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price target on the stock. Morgan Stanley boosted their target price on shares of Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Bank of America upgraded shares of Vistra from a “neutral” rating to a “buy” rating and cut their price target for the stock from $164.00 to $152.00 in a report on Tuesday, March 4th. Daiwa Capital Markets assumed coverage on Vistra in a report on Wednesday, March 5th. They issued a “neutral” rating and a $120.00 price objective on the stock. Finally, UBS Group raised their target price on Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $162.83.

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.